Argentina Elects Javier Milei as President, Economy Minister Concedes Defeat

The Epoch Times Header

Classical liberalist Javier Milei has won Argentina’s presidential runoff, declaring, ‘Today, the reconstruction of Argentina begins.’

Classical liberal economist Javier Milei has won Argentina’s presidential election, with Economy Minister Sergio Massa conceding defeat on Sunday, November 19, 2023.

The election result is still yet to be announced but at this stage, Argentina’s Electoral Authority has revealed that 99.4 percent of the votes have been counted, with Mr. Milei securing 55.7 percent of the vote and Mr. Massa with 44.3 percent.

Mr. Milei is expected to take office on Dec. 10. The Buenos Aires Times reported the president-elect told his supporters in his first speech since winning the top job that the South American country’s situation has global significance. He said drastic changes are needed to combat soaring inflation and rising poverty, echoing his promises throughout the election campaign.

“Today, the reconstruction of Argentina begins. Today is a historic night for Argentina,” Mr. Milei said.

“Argentina’s situation is critical. The changes our country needs are drastic. There is no room for gradualism, no room for lukewarm measures.”

He also promised under his care that “Argentina will return to the place in the world which it should never have lost.” One of the wealthiest countries in the world a century ago, Argentina has since become one of the poorest, after decades of high government spending and stagnation.

Throughout the election campaign, Mr. Milei, who leads the La Libertad Avanza (Liberty Advances) coalition, vowed to “put an end to the parasitic and useless political caste that is destroying this country.”

Among his other pledges were drastically cutting government spending, eliminating the nation’s central bank, cutting unnecessary government spending, deregulating private gun ownership, and dollarizing the economy by using the U.S. dollar as the country’s currency.

Inflation in Argentina has soared above 140 percent this year—surging past 100 percent in February for the first time since 1991—and poverty has worsened under the care of the formerly ruling Justicialist Party, also known as the Peronist Party, which advocated for “justicialismo,” translated to “social justice.” Looting and economic collapse have been only a few of the challenges the country has faced.

By Stephen Katte

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

Justice Delayed is Justice Denied, Prosecute Jeffrey Goldberg!

Jeffrey Goldberg reported on his mistaken inclusion in a signal chat as a hit piece on Trump. Should he be prosecuted under the Espionage Act?

Zelensky Has No Feasible Alternative To Accepting Trump’s Lopsided Resource Deal

Trump warned Zelensky he will have “some problems – big, big problems” if he “tries to back out of the rare earth deal” amidst reports agreement is lopsided.

DOGE and Musk Recover Deleted Computer Files

Elon Musk and his “Geek Squad” discovered an entire terabyte of data was deleted from government servers from the office of the “Institute of Peace”.

A Simple Question

What is a woman? Anyone with an IQ above room temperature can answer the question. Everyone, that is, except Democrats.

Democrats Tesla Takedown is a Proven Astro Turf Movement

Elon Musk and other journalistic leaders like Joe Rogan have been asking the critical question, “Who is behind the organization of these Tesla protests?”

News

Stellantis Pausing Production at Canada, Mexico Plants; 900 US Workers Temporarily Laid Off

Stellantis is pausing production at two assembly plants in Canada and Mexico, resulting in temporary layoffs at five U.S. facilities that supply them.

States to Certify Anti-Discrimination Commitment or Lose Federal Education Funding

State ed. agencies must certify that schools under their jurisdiction are not discriminating based on race or national origin for future federal funding.

Pentagon Watchdog Launches Investigation Into Hegseth Over Use of Signal

The inspector general for the Department of Defense is investigating Defense Secretary Pete Hegseth over his use of the messaging app Signal.

Court Dismisses Appeal of Order Blocking DOGE From Social Security

An appeals court this week dismissed the Trump administration’s appeal of a lower court order that blocked the DOGE from obtaining Social Security data.

US Layoffs Top 275,000 in March, Driven by Government Job Cuts: Report

Layoffs announced by U.S.-based employers soared in March to highest level since COVID-19 pandemic, with govt job cuts accounting for most headcount reduction.

Dow Jones Drops 1,500 Points a Day After Trump Tariff Announcement

U.S. stock indexes dropped after Trump's sweeping tariffs of 10 percent or higher, with Dow Jones plunging by 1,500 points at one point in early trading.

ACLU Sues Trump Admin Over Canceled Grants Tied to DEI, Gender Identity Research

ACLU, public health orgs, unions, and researchers, filed federal lawsuit accusing NIH of unlawfully canceling research grants due to political and ideological pressure.

US Immigration Services Drops 3rd Gender Option

US immigration services agency officially updated policy to recognize only two biological sexes—male and female—for all immigration-related doc and benefit requests.
spot_img

Related Articles

Popular Categories

MAGA Business Central