Argentina

Buenos Aires ‘I never wind down,’ says Argentina’s President Javier Milei when we meet in his Presidential Office at the Casa Rosada. ‘I work all day, practically… I get up at 6 a.m., I take a shower and at 7 a.m. I am already at my desk working. And I work all the way until 11 p.m. I enjoy my job. I enjoy cutting public spending. I love the chainsaw.’ It was a photo of Milei with a chainsaw – who was then the insurgent candidate – that propelled him to international fame last year. He waved it on the campaign trail as a symbol of what he would do to government regulations and bureaucracy if elected to the presidency. He had previously gone viral in a video showing him shouting ‘Afuera!’ (‘Out!’) while ripping names of government departments off a whiteboard.

Libertarian economist Javier Milei’s smashing landslide victory is the most radical thing to happen to Argentina in decades. But his win portends more than just a free-market revolution on the pampas. It’s just the latest example of a trend we’ve been seeing for decades: the triumph of blue-collar conservative fusionist populism. Milei is routinely portrayed in the western press as an Argentine Trump with crazy economic policies. There’s some truth to that. His rallies sometimes involve pyrotechnics and he brandishes sputtering chainsaws to symbolically deliver the message that he will take apart the system that impoverishes Argentines.

At the opening ceremony of the Summit of the Americas in Los Angeles last year, President Joe Biden announced the Americas Partnership for Economic Prosperity, which the White House described as “a historic new agreement to drive our hemisphere’s economy recovery and growth and deliver for our working people.” The plan has become the administration’s signature Latin America policy. As noted by the White House, the region matters not solely because it’s where the US is situated, but because it also accounts for 32 percent of global GDP. Even more so, the region is rich in resources that are crucial in the development of emerging technologies.

Javier Milei, a messy-haired bombastic libertarian economist, won Argentina’s presidential elections against socialist minister of economics Sergio Massa this Sunday. With the backdrop of inflation that the International Monetary Fund projects will trail only that of Zimbabwe and Venezuela by the end of the year, Milei triumphed with over 55 percent of votes in the runoff with more than 94 percent of votes counted, according to data from the country’s National Electoral Chamber. In a brief speech before the results were announced, Massa, who came first in the October 22 election that led to the run-off, said, “Milei is the president elected for the next four years,” adding that he had called Milei to personally congratulate him on his victory.

As the dust settled on Jair Bolsonaro’s seismic victory in Brazil back in 2018, one might have spared a thought for those dedicated to the cause of international socialism. Having bathed in the glory of the so-called "Pink Tide" and the commodities boom of the early 2000s that allowed socialist governments such as Hugo Chávez's Venezuela to seemingly prosper, any hopes that Latin America would forever unify in the cause of left-wing anti-imperialism seemed well and truly dashed. In many of the continent’s wealthiest countries, right-of-center politicians had swept to power with a view to restoring their nation’s former glory. These included Bolsonaro in Brazil, Sebastian Piñera in Chile, Ivan Duque in Colombia, and Mauricio Macri in Argentina, among others.

For the Falkland islanders, the war in Ukraine brings back haunting memories of their own trauma four decades ago. Having themselves experienced a barbaric invasion by a big bully next door, they understand all too well what the people of Ukraine are going through. ‘I still feel that gun in my back,’ one islander told me recently, describing the day Argentine troops landed on Pebble Island and brutally rounded up the locals. Much has changed in the Falklands since 1982, nearly all of it for the better, yet the war remains seared in the memory. This year’s 2 April is, therefore, hugely significant – the 40th anniversary of the invasion.