After eight months in office, Argentine President Javier Milei has slashed spending on social security, public wages and consumer subsidies. His austerity measures have won praise from former US President Donald Trump and Elon Musk. Milei also remains largely popular at home, with approval ratings above 50%. But painful reforms can only stay popular for so long. To win midterm elections next year and hang on to power, Milei must lift a cobweb of capital controls to restart the slumping economy without fanning inflation further.
00:00 Introduction
01:13 Milei’s rise
02:26 Cuts to public spending
05:23 Popularity in Argentina
06:28 Impact of austerity measures
08:10 Milei’s future
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News post in August 16, 2024, 12:04 pm.
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