Javier Milei

Javier Milei is an Argentine economist and politician who became president of Argentina in December 2023. He is known for advocating radical free-market policies and reducing the role of the state.

La Libertad Avanza: An Argentine political coalition founded in 2021 and led by Javier Milei. It carried Milei from a congressional seat to the presidency.
Argentine economic crisis: A prolonged period of economic instability in Argentina, marked by inflation, debt, and recurrent currency crises. The crisis formed the backdrop for Milei’s election and austerity agenda.
Libertarianism: A political philosophy that prioritizes individual liberty and sharply limits coercive state power. Milei identifies with this tradition and invokes it to justify a smaller state.
Poverty in Argentina: The prevalence of people lacking sufficient income to meet basic needs in Argentina. Poverty rose sharply during the initial adjustment, then became a key measure of its social cost.
Peronism: An Argentine political movement rooted in the ideas and legacy of Juan and Eva Perón. Milei’s victory displaced a Peronist government and challenged its state-centered political tradition.
Victoria Villarruel: An Argentine politician who became vice president alongside Javier Milei in 2023. She is Milei’s vice president and a prominent figure in his administration.
Austerity: Government policies that reduce public spending or raise revenue to limit deficits or debt. Milei’s administration rapidly cut spending to pursue a fiscal surplus.
Austrian School of Economics: An economic tradition emphasizing individual choice, market coordination, and the limits of central planning. Milei draws on Austrian economists in his arguments against state intervention.
Argentine labor movement: Trade unions and worker organizations that represent labor interests in Argentina. Unions organized major opposition to Milei’s labor and spending reforms.
Keynesian economics: An economic theory that supports government action to manage demand and reduce economic downturns. Milei rejects demand management in favor of market-led adjustment and fiscal restraint.

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Cristina Fernández de KirchnerCompared with: His libertarian program and political rise challenged the Peronist movement she represents.