Argentina's Libertarian Moment

Adam Dubove, cofounder and director of financial-intelligence service Ichimoku Fibonacci, and Eduardo Marty, founder and president of the Foundation for Intellectual Responsibility in Argentina, contend that Argentine President-Elect Javier Milei has a historic opportunity to succeed in his incoming administration. Milei, however, needs to work his way through Congress—where his party does not have a majority. Further, he needs to find a competent team to execute his market-liberalization plan. For Marty, former President Mauricio Macri behaved as a statesman by supporting Milei in the runoff election. Macri did so the day after his preferred candidate lost in the first round of the election. This helped Milei to win the runoff against Peronista candidate and Economy Minister Sergio Massa. For Marty, Milei is better prepared intellectually than right-leaning politicians such as Brazil’s Jair Bolsonaro or the United States’s Donald Trump. Dubove and Marty agree that Milei’s team will follow Ecuador, El Salvador, and Panama’s dollarization strategy. However, they note that unions and other collectivists will aggressively resist Milei’s classical-liberal ideas. Show notes: https://impunityobserver.com/2023/11/21/argentina-libertarian-moment/