What will come of Javier Milei’s victory in the Argentinian election? Who knows? From James Rickards at dailyreckoning.com:
Make Argentina Great Again — MAGA!
Political outsider Javier Milei won Argentina’s presidential election last night, in a development that’s shocked the world.
Though his policy prescriptions are different than Trump’s in many respects, Milei is basically the Argentinian version of Donald Trump because of his anti-establishment, “drain the swamp” rhetoric.
You can liken Milei’s election to Trump’s 2016 election and Brexit. It’s a popular rejection of globalism and the neoliberal global order.
Perhaps not coincidentally, Argentina joined the BRICS nations in August, which will formally take effect in January.
As I’ve written about extensively, the BRICS nations are challenging dollar hegemony and the Western-dominated global financial system.
“Anarcho-Capitalist”
Milei has identified as an “anarcho-capitalist,” which is essentially free market libertarianism taken to the extreme. That means the elimination of the state and privatization of all the state’s functions.
It’s about as anti-establishment as you can get.
Needless to say, he wants to eliminate Argentina’s version of the Fed! I wish him luck. He’ll need it. Let’s just say he faces an uphill battle, like Trump did after he was elected in 2016.
That someone who identifies as an anarcho-capitalist can win an election in Argentina is remarkable in itself (Milei won in a 56%-44% landslide).
