MoneyWeek

The rock star shaking up Argentina

Argentines are sick of their “parasitic, thieving and useless political caste”, says Javier Milei, the libertarian frontrunner to become the country’s next president. Since the 1940s, Argentine politics has been dominated by Peronism, an ideology “heavy on state intervention, subsidies, and welfare programmes”, says the Buenos Aires Times. With inflation running at over 100% and the poverty rate close to 40%, voters seem ready to consider a radical, free-market alternative.

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