Source: Independent Institute
by Alvaro Vargas Llosa
“When Javier Milei assumed office a year ago, skeptics saw three potential risks. One, he might take an authoritarian turn, subverting liberal democracy. Two, his libertarian agenda could stall under the constraints of an opposition-controlled Congress and powerful and socialist unions, that his libertarian agenda would stall. Three, the pain of shock therapy would destroy his popular base, leaving him politically neutered. None of those fears have materialized. Despite Milei’s combative rhetoric and some political maneuvering that has seen him flirt with unpalatable members of the political or judicial ‘caste’ he despises, Milei has largely operated within democratic norms. He’s made significant progress on fiscal, monetary, and deregulatory reforms, warning Argentines upfront that sacrifices would be necessary to undo decades of economic mismanagement. Polls show that, despite hardship, half the country still supports him.” (12/16/24)
https://blog.independent.org/2024/12/16/argentina-milei-economic-reforms-one-year-later/