businessmen, waiting for the day after the elections

From now on, the electoral result will measure society’s support for the government and, on this issue, the bets are divided. There are those who think that the ruling party will win “for some points” and they support it by pointing out that in these elections they will have the supervision of the PRO. Others believe that La Libertad Avanza (LLA) You can lose, but “not by beating”. That said, where there is consensus is that The libertarian government must begin a new stage.

Many businessmen especially highlight Milei’s first year since he was able to advance at an unusual speed in numerous reforms and organize the macroeconomy.

But, “starting in April of this year” things began to change. They admit, in the corridors of the colloquium that They did not understand the Milei who fought with everyone simultaneously and excluded – angrily – anyone who dared to criticize them.

The disqualifiers of their own, like the vice president Victoria Villarruelor to allies such as Macri and economists, journalists and artists, among others, “showed to a Milei who did not represent his voter”, support business executives.

Added to this situation were “economic errors that ended up affecting the activity”a combo that can explain the defeat in the province of Buenos Aires.

These considerations, however, do not mean that the majority of businessmen are dissatisfied with the government’s management. On the contrary, They insist that the course must be supported, but with changes.

“Dialogue” is the most heard word because it is the tool that will allow the Government move forward with key reforms such as tax (the heaviest backpack that companies face) and labor to attack informality. Reforms that become urgent if Argentina definitely wants to take off, they say.

Cabinet

The eventual Cabinet changes, which President Milei himself acknowledges that he will carry out, are not seen as a demand from the business sector.

Although they do perceive that many of the political problems that the government faces today are “self-inflicted.”

The internal disputes – which most find difficult to understand – have ended up affecting trust in the government, a key issue for society to continue providing the necessary support for a transformation.

They know that there is a tension between Santiago Caputo, Karina Milei, Martin and Eduardo (Lule) Menem and it is not very clear to them how this internal situation will be resolved. Although, within the cabinet they rescue and would see it as a bad sign, that the chief of staff, Guillermo Francos, a moderate and dialogue-oriented leader leaves office.

They also highlight the management of the head of Human Capital, Sandra Pettovelloa minister who pleasantly surprised more than one businessman with her impact on the reserved lunch that 37 executives had with her this Thursday. In the business world she is known for her relentless fight against corruption, but now they discovered “a public official” very committed to the task of providing the most vulnerable sectors with the necessary tools to build a future.

They also consider that the internal affairs affected management, a problem that is observed in some areas of the government and ends up slowing down private activity.

“Competing with the world with this tax burden, with obsolete labor laws and poor infrastructure is possible only for a very short time”businessmen admit.

Added to this situation – difficult to solve in the short term – are high interest rates and exchange rate instability. Result: Most of the productive sectors confess a decline in their activity and are cautious regarding the expectations of reversing the situation in the short term..

For this reason, all eyes are on what will happen after the elections.

In economic matters, they believe that the most appropriate thing would be to free the exchange rate so that float. In this regard, “They have plenty of support to face the market” They argue with reference to the aid of the United States Treasury.

In political matters they hope that “the internal ones are over” and “dialogue returns” with the purpose also of generating a critical mass of “more rational” thinking to counteract the populist ideas that prevailed for decades.