The economic future of Argentina grows dimmer with each passing day of the Milei president. For the blissfully unaware, Argentina is currently in the midst of one of the worst periods of inflation that has ever been seen with a current inflation rate of 211.4% and is only anticipated to worsen as the year moves forward. To put this level of inflation in perspective, one U.S. dollar is currently the equivalent to 819 Argentinian pesos. This comes right after the recent Argentine presidential election in December where the economist Javier Milei was elected with 55% of the vote.
For a country to experience an economic downturn after a major election is nothing relatively new and the current inflation crisis in Argentina has been considered by many to be a longtime coming given the country’s political and economic instability. However, inflation this severe coupled with Milei’s bewildering and psychotic economic policies is something truly astounding. Milei, a (literal) chainsaw brandishing anarcho-capitalist, has been on a rampage in his handling of the Argentine economy.
After commemorating his presidential inauguration by dissolving nine government offices for the sake of stopping “corruption,” Milei is approaching the ongoing inflation issue in the most outrageous and mind-numbing way possible: an economic austerity program. This is all while 40.1% of Argentina’s population is sitting in tremendous poverty. Only in a truly corrupted reality could such a psychotic and moronic grifter be in charge of economic policy making after outlandish displays including the aforementioned chainsaws and wearing a knock-off party city Batman costume to symbolize his anarcho-capitalist beliefs.
Milei, doing what little he can given his limited cognitive ability, spoke at the World Economic Forum on Jan. 19 and spoke of the “ills” the world is currently faced with. The main antagonist of the world – according to Milei – is that ever-present dastardly specter that’s been haunting the world since time immemorial: socialism (I trembled with fear just writing this). According to Milei, “Socialism is a phenomenon that creates poverty,” which is such a dumbfounding statement that I forgot that so many free-market cesspits and the unfortunate class refugees who inhabit them get to experience all the “freedom” and “privileges” that such a system offers.
Milei genuinely believes that free-market capitalism is the only way to lift Argentina out of its current economic catatonia and bring about “never-ending peace and prosperity” for the whole world. All I can say to Milei’s conceptualization of reality is this:
1. Take your prescribed medication.
2. Go all out with your inane anarcho-capitalist cheer-spreading, so that after you’ve exploited all your constituents and leached every ounce of capital from the masses, they can give you a big thank you in your sleep.
