Argentina's voters have delivered a resounding victory to Javier Milei, the leader of a party with ties to the United States, in mid-term elections. The outcome was marked by a significant divide between those who supported Milei's party and those who did not, raising questions about whether the result reflects genuine support or Trump-backed economic blackmail.
Milei, a staunch critic of globalization and what he calls "Peronism," won the election with around 41% of the vote, surpassing projections that had indicated a narrower lead. His victory has been attributed in part to his opposition to deep spending cuts implemented during his predecessor's rule, which led to an economic downturn and allegations of corruption.
The president-elect's campaign was marked by anti-American sentiment, particularly among those who felt that US President Donald Trump's intervention in Argentina's politics had driven a wedge between the country and its traditional allies. Milei himself has expressed skepticism about the efficacy of globalization and has accused his predecessors of pursuing policies that have harmed Argentine interests.
In contrast to what many observers saw as the "US bailout" offered by Trump, which would provide $40 billion in economic support if Milei won, some voters instead focused on the promise of stability. Agustin Cantilo, a 30-year-old broker who voted for Milei's party twice, said that he was swayed by the promise of reduced inflation and economic stability.
However, not everyone shares this view. Hernán Letcher, director of the Centre for Argentine Political Economy, noted that opinion polls had failed to predict the outcome, which suggests that some voters may have been motivated more by fear than genuine support for Milei's policies. He also highlighted concerns about the impact of the economic policies implemented during his predecessor's rule on real wages and local industry.
A recent surge in imports has led to a sharp decline in Argentina's purchasing power and the closure of over 18,000 businesses since Milei took office. Furthermore, more than 200,000 jobs have been lost under his leadership.
For many Argentinians, the election result is a source of concern about their country's future. Aquiles Ferrario, an elderly businessman who voted for Peronism, expressed alarm that voters may be prioritizing stability over genuine policy goals, and warned about the dangers of living "openly in a colony" of the US.
The implications of Milei's victory are still unclear. His leadership style has been described as unorthodox and polarizing, and it remains to be seen whether he can deliver on his campaign promises while navigating Argentina's complex economic and social landscape.
Milei, a staunch critic of globalization and what he calls "Peronism," won the election with around 41% of the vote, surpassing projections that had indicated a narrower lead. His victory has been attributed in part to his opposition to deep spending cuts implemented during his predecessor's rule, which led to an economic downturn and allegations of corruption.
The president-elect's campaign was marked by anti-American sentiment, particularly among those who felt that US President Donald Trump's intervention in Argentina's politics had driven a wedge between the country and its traditional allies. Milei himself has expressed skepticism about the efficacy of globalization and has accused his predecessors of pursuing policies that have harmed Argentine interests.
In contrast to what many observers saw as the "US bailout" offered by Trump, which would provide $40 billion in economic support if Milei won, some voters instead focused on the promise of stability. Agustin Cantilo, a 30-year-old broker who voted for Milei's party twice, said that he was swayed by the promise of reduced inflation and economic stability.
However, not everyone shares this view. Hernán Letcher, director of the Centre for Argentine Political Economy, noted that opinion polls had failed to predict the outcome, which suggests that some voters may have been motivated more by fear than genuine support for Milei's policies. He also highlighted concerns about the impact of the economic policies implemented during his predecessor's rule on real wages and local industry.
A recent surge in imports has led to a sharp decline in Argentina's purchasing power and the closure of over 18,000 businesses since Milei took office. Furthermore, more than 200,000 jobs have been lost under his leadership.
For many Argentinians, the election result is a source of concern about their country's future. Aquiles Ferrario, an elderly businessman who voted for Peronism, expressed alarm that voters may be prioritizing stability over genuine policy goals, and warned about the dangers of living "openly in a colony" of the US.
The implications of Milei's victory are still unclear. His leadership style has been described as unorthodox and polarizing, and it remains to be seen whether he can deliver on his campaign promises while navigating Argentina's complex economic and social landscape.