The renowned English media The Economist dedicated the cover of its global edition of its next edition for the week of November 30 to December 6 to him. “My contempt for the State is infinite“, the newspaper highlighted what the Argentine president said during the interview.
“What Javier Milei can teach Donald Trump” highlighted the newspaper in the publication. The Economist’s attention to the Argentine president was also reflected in two extensive articles that analyze key aspects of his first year of government and the impact on the rest of the countries of the world.
Javier Milei’s appearance in The Economist
In the first article dedicated to the Argentine president – titled “lessons from a surprising experiment”, the media defines the libertarian leader as “one of the most radical doses of free market medicine since Thatcherism”, referring to the policies he carried out. Margaret Thatcher, British Prime Minister from 1979 to 1990admired by Milei despite her dark role during the Malvinas War and the sinking of the ARA General Belgrano.
The note assures that Milei’s economic program is as serious as it is risky. The dangers, they explain, lie in the “tradition of instability in the country” and the “explosive” personality of the president.
The article highlights that among the achievements of libertarian management are; the fall in monthly inflation 13% to 3%; the reduction of public spending by almost a third in real terms and the improvement of default riskwhich was reduced by half in one year.
On the other hand, the same article warns of a sharp increase in poverty – which indicate that it went from 40% to 53% – in addition to highlighting the risks linked to a plausible collapse of the peso if restrictions on the exchange market are not lifted
The second publication in this edition of The Economist is titled “A year of anarcho-capitalism: Javier Milei, free market revolutionary.” In it, the medium seeks to address the most philosophical aspects behind the President’s policies.
This note reflects an exclusive interview that Milei had with the English media. There, the Argentine sentenced: “Any interference by the State in the markets is unacceptable.”
At the end of the article, The Economist reflects that, despite some positive signs, The Argentine economy remains in recession, with an increase in poverty and unemploymentwhile the peso is overvalued, which complicates exports and can lead to a new crisis if exchange controls are released. “Argentina faces significant political and economic risks“, they conclude from the English medium.
Javier Milei wrote a column for The Economist and claimed “an economic miracle”
This was not Milei’s only appearance in the renowned publication. A few days ago, the President became echo of a column he authored that was published by the English newspaper.
With a photo from the newspaper, the president called himself a “neighborhood phenomenon” by showing the writing where he talks about the realization of ”a economic miracle” in Argentina.
In the text, Milei reviews the economic situation of the country from the levels of ‘‘excess monetary liquidity‘that caused the’‘infamous Rodrigazo”, until ”free fall” of GDP ”for 15 years”. And he adds: ”In the face of imminent disaster, The only possible solution was to act quickly and decisively.. “We began by cutting public spending by 30% in real terms, achieving fiscal balance in our first month in office.”
In this scenario, the President commented on the devaluation of the currency and the increase in taxes on imports, which managed to reduce ”black market premium from over 100% to a more manageable 25%”, and highlighted that ”the country risk, a measure of the risk of default, plummeted by 40% and monthly inflation of wholesale prices (which shot up to 54% in December 2023) fell to 2%.”
”Our main policy is the search for a balanced budget”, he assured. Thus, he added that will restore fiscal solvency and that this will lead – along with the payment of outstanding external debts – to the ”country risk premiums should gradually disappearpaving the way for greater savings, greater productivity and real wage growth.”
”He economic growth is on track to recover, driven by both cyclical and structural factors. “After a sharp decline, private sector salaries and pensions are increasing, driving aggregate demand and greater capacity utilization,” the Argentine predicted.
Almost a year into his presidency, Milei looked to the future: ”What What awaits us in 2025 is more than we have already done: strict fiscal balance, no monetary growth and deregulation. Argentina has suffered an overdose of deficits, money printing and useless regulations. All that has to go away. “As we pursue smaller government, fiscal consolidation will have to deepen.”
”We have made important progress, but there is still much to do. If we achieve this, many would call our achievements “miracle”, but it is not a miracle: it is the result of governing with macroeconomic prudence and adhere to the principles of economic freedom that have enriched the nations. We work to show the world that embracing the ideas of freedom brings prosperity,” he concluded.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
