Argentines yesterday voted in libertarian economist Javier Milei, who regards Mrs Thatcher as one of “the great leaders in the history of humanity“, as their new president. Milei was close to winning in the first round but was forced into a run-off against Peronist Sergio Massa. It wasn’t close in the end at 56% to 44%…
Milei’s outsider message – “Out with all of them” – has resonated with a country forced to deal with governments constantly printing money to cover their permanent fiscal deficit and running inflation up to 15% a month. Argentina has one of the world’s worst wealth taxes, tight exchange controls, and a 35% corporation tax which put the economy in a dire state. Some of Milei’s thoughts on tax include:
“It seems to me an attack on our intellect when politicians refer to taxpayers as contributors. It’s like the rapist referring to his victim as his girlfriend”.
This is the largest majority in a presidential election since 1983. Milei says his mission is to “kick Keynesians and collectivists in the ass” and has promised: “If I raise a tax, I’ll cut off my own arm“. Naturally The Guardian is in shock that a “volatile, far-right libertarian” has won. Guido is ecstatic…
Yesterday Argentina voted a rock-singing libertarian outsider candidate into first place in the race towards the presidential election in October. Libertarian economist Javier Milei won 30.5% of the vote, far higher than pollsters predicted. The conservative opposition trailed with 28% and the ruling Peronists were in third place on 27%. His rock-style rallies appeal to voters angry with 116% inflation and rising poverty.
According to the Economist, Javier Milei is
A self-styled professor of tantric sex and one-time frontman of an obscure rock band, he claims not to have brushed his hair since he was 13, preferring to let “the invisible hand” do the work. His five mastiffs are named after economists, including Murray Rothbard, an anarcho-capitalist, and Milton Friedman, a more conventional one. To “make Argentina a great power again”, he wants to reduce regulations, lower taxes and eliminate the central bank. He dislikes abortion, believing liberty to be unattainable if one cannot first be born. But same-sex marriage should be legal, as should most narcotics.
Milei rails against the “political caste” of the other parties – he says his mission is to “kick Keynesians and collectivists in the ass.” The self-proclaimed anarcho-capitalist wants to abolish the central bank and dollarise the Argentinian economy. His party, La Libertad Avanza, appeals to younger voters tired of the failed politics of the Peronists. “We are coming to defend against the looters of this system, which only benefits the political thieves,” he shouted at the joyful crowd last night as they chanted “freedom, freedom”. Argentina voting Javier Milei for president would be as big a shock for the global technocracy as Brexit.
The stretched twig of peace is once again at melting point.
Tension is high as Argentina’s state prosecutor orders an embargo of UK assets involved in Falklands hydrocarbons operations, demanding the seizure of more than $156m of international equipment, including ships, drilling platforms and bank accounts.
FCO minister Hugo Swire is threatening appropriate measures over this “flagrant and unacceptable campaign to strangle the Falkland Islands”.
“We have been absolutely clear that Argentine domestic law does not apply in the Falkland Islands, nor in the waters that surround them… The government of Argentina should refrain from unjustified provocations of this kind… The Falkland Islanders have every right to decide their own future, including through the development of their economy. As ever, we stand behind them and are confident that the international community will continue to resist these Argentine threats.”
We will not flinch…