Latin America Advisor

Latin America Advisor

A Publication of The Dialogue

Why Is a Far-Right Libertarian Surging in Argentina’s Polls?

Picture of Milei Javier Milei has surged in polls to become the front-runner ahead of next month’s presidential election in Argentina. // File Photo: Facebook Page of Javier Milei.

Far-right libertarian presidential candidate Javier Milei is leading opinion polls ahead of Argentina’s Oct. 22 presidential election. Among Milei’s proposals are dollarizing Argentina’s economy, pulling out of the Mercosur trade bloc and relaxing gun laws. What is driving support for Milei, an economist and admirer of former U.S. President Donald Trump? What would his presidency mean for Argentina, and how would dollarization affect the country’s economy? How much of a chance do his competitors, ruling party candidate Sergio Massa and center-right opposition candidate Patricia Bullrich, have of being elected next month?

Benjamin Gedan, director of Latin America Program at the Woodrow Wilson Center: “The election of leftist candidates in recent years throughout Latin America—including in Brazil, Chile, Colombia, Honduras, Mexico and Peru—was widely misinterpreted as evidence of an ideological transformation in the region. As it turned out, voters were mostly expressing anger at conservative incumbent parties. The so-called ‘new pink tide’ quickly sputtered, as antsy citizens directed their discontent at the new occupants of the presidential palace. The same dynamics are now at play in Argentina. The popularity of the libertarian Javier Milei primarily reflects the unpopularity of the ruling Peronist coalition and frustration with Argentina’s traditional political parties. Given the country’s prolonged economic stagnation and triple-digit inflation, it is no surprise that Milei’s tirades against the political ‘caste’ resonate with so many voters. Indeed, over the last eight years, Argentine voters watched both center-right and center-left coalitions try and fail to…”

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About the Latin America Advisor

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe click here or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.


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Gene Kuleta

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E. gkuleta@thedialogue.org

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