The genuinely interesting question is this: could he trigger a global return to liberal free market reforms? Argentina is hardly the country you would choose for a bold experiment.
Well, no, it’s exactly the place you would choose to try it.
But as is also said:
Of course, he will face plenty of opposition. Civil servants, and state semi-monopolies will block him when they can. The IMF which endlessly indulged the lavish spending of the Peronists will oppose him, and so too will the World Bank, along with the rest of the Davos establishment.
Or as I’ve said:
Milei, in Argentina, diagnosed that the entire Argentinian state, its economics, its management – in both senses, what is done and who is doing it – is rotten and needs to be swept away. He got elected. Of course, for all those others who are part of the management of other states this poses something of a risk. What if it works and then their own restive managees decide to do the same? We’d thus expect the establishments of everywhere else to not just denigrate but actively block anything Milei tries to do. As, of course, the domestic managerial class will also be trying to do the same.
Not gonna be easy. But here’s hoping.