Milei’s Free-Market Experiment Hangs in the Balance

“The future of Argentina’s free-market experiment hinges on its midterm congressional elections Sunday,” the Wall Street Journal reports.

“Rarely are Washington and Wall Street watching a local foreign election this closely, but rarely has so much been riding on the outcome, including a $40 billion U.S. rescue plan.”

“If President Javier Milei’s Freedom Advances party effectively loses the election, the brash libertarian leader’s radical overhaul of Argentina’s economy will come crashing to a halt. If Milei’s party scratches out a narrow win, he will have a fighting chance to carry out phase two of his remake of Argentina.”