Argentina: Inflation Crashes, Poverty Rises, Inside Javier Milei's Revolution | Documentary - JV

June 28, 2026

Even though I have no crystal ball, as an economics major, I will make a prediction (which I have made before)… This reckless experiment in anarcho-capitalism will end in tears. It will fail. This is not what I wish for the Argentinian people. They deserve better. But I cannot see how this radical experiment can possibly work. Time might prove me wrong, of course; but I doubt it. — © Mark Alexander

Vendepatrias: These Leaders Are Selling Out Their Countries for Money

Ben Norton gives us the low down on these traitors.

Argentine : les gagnants et les perdants de l’ère Milei à un peu plus d’un an de la présidentielle

Cette capture d'écran provient de cet article du Figaro. | Le président argentin, Javier Milei Tomas Cuesta / REUTERS
LE FIGARO : DÉCRYPTAGE - Deux ans et demi après l’arrivée au pouvoir de Javier Milei, la stabilisation macroéconomique tarde à se traduire dans les portefeuilles. À Buenos Aires, rencontre avec les gagnants discrets et les perdants silencieux d’un pays encore dans le doute.

« Forte augmentation du coût des aliments ». À Palermo, au nord de Buenos Aires, les téléviseurs des cafés tournent en boucle sur l’évolution de l’inflation qui frappe le portefeuille des Argentins. L’indice des prix est un sujet de préoccupation au quotidien, décortiqué au comptoir et débattu en toutes situations. À la manière du trader qui suit les cours de la Bourse, l’Argentin scrute en direct le moindre soubresaut de l’économie nationale. Les prévisions tablent sur une inflation de 2 % sur le mois de mai et un taux annuel qui avoisine les 30 %.

La lutte contre l’inflation était le principal cheval de bataille de Javier Milei, élu président, fin 2023. Le mandat que lui avait confié l’électorat était clair : redresser les comptes de l’État et éviter la catastrophe, symbolisé à l’époque par la chute des cours du peso, la monnaie nationale. Sur ce front, l’expérience de la tronçonneuse, des coupes massives, est une réussite. Alors que l’hyperinflation menaçait, du temps du gouvernement péroniste d’Alberto Fernandez (2019-2023), les indicateurs macroéconomiques semblent assainis avec une inflation contrôlée, un excédent budgétaire et un peso renforcé. Suffisant pour parler d’un miracle argentin ? La réalité du quotidien est plus nuancée, car marquée par une perte globale de pouvoir d’achat et un net recul de l’activité en février, de 2,1 % par rapport à l’année dernière. » | Par Fabien Palem, à Buenos Aires | mardi 2 juin 2026

Réservé aux abonnés

L’expérience anarcho-capitaliste de Javier Milei était téméraire dès le départ ! Elle était vouée à engendrer le chaos dans l’économie et à causer la misère au plus grand nombre, même si elle pouvait profiter à une minorité. Ce que les politiciens d’aujourd’hui semblent oublier, c’est qu’une économie bien gérée et efficace doit œuvrer pour le bien de tous les citoyens, et non pour celui d’une poignée de privilégiés. Cela signifie que les décisions judicieuses et sensées sont souvent le fruit d’un compromis. À quoi sert, au final, une nation si l’élite s’enrichit considérablement tandis que le peuple souffre et meurt de faim ? — © Mark Alexander

Why Milei’s Approval Ratings Are Tanking

Apr 29, 2026 | Compare news coverage. Spot media bias. Avoid algorithms.

Milei's popularity is coming under strain in Argentina as his economic recovery has stalled and corruption allegations have hurt his reputation. So in this video, we'll explore what's going wrong and whether he can pull his approval back from the brink.

Javier Milei veut ériger l'« alliance stratégique durable » avec les États-Unis en « politique d'État »

LE FIGARO : Javier Milei s’est dit résolu à pousser plus avant ses réformes, annonçant un train ambitieux de 90 réformes dans l’année, pour « redessiner » l’Argentine « pour les 50 prochaines années ».

Le président ultralibéral argentin Javier Milei a déclaré dimanche au Parlement vouloir faire de « l'alliance stratégique durable » avec les États-Unis de son allié Donald Trump une « politique d'État », notamment pour agir sur le « terrain de rivalité stratégique » de l'Atlantique sud.

« L'Argentine a déjà laissé passer deux fois le train de l'histoire », a déclaré M. Milei dans son discours sur l'État de la nation lançant sa seconde moitié de mandat, en référence à la neutralité argentine pendant la Seconde Guerre mondiale qui « nous a coûté des décennies de marginalisation ». » | Par Le Figaro avec AFP | lundi 2 mars 2026

Cryptomonnaie $Libra : une «escroquerie présumée» de Javier Milei, selon une commission parlementaire argentine

LE FIGARO : Les députés d’opposition estiment que la promotion de ce projet d’actif numérique a pu être orchestrée par le président argentin pour générer des gains sur certains portefeuilles et renvoie le dossier au parlement.

Nouveau rebondissement dans l’affaire de promotion illégale d’une cryptomonnaie qui vise le président argentin. Une commission d'enquête parlementaire, présidée par l'opposition à Javier Milei, a rendu mardi 18 novembre son rapport sur l'affaire d'une cryptomonnaie que le président avait promue sur X en février, concluant à une «escroquerie présumée». La commission de la chambre des députés, au pouvoir toutefois limité, estime dans son rapport que «les faits analysés pourraient être compatibles avec une escroquerie présumée», et «une responsabilité politique de Javier Milei et de Karina Milei», sa sœur et secrétaire générale de la présidence. » | Par Le Figaro avec AFP | mercredi 19 novembre 2025

The Guardian View on Argentina’s Election: One Step Closer to Becoming a Trumpian Client State

THE GUARDIAN — EDITORIAL: A $40bn rescue may have helped Javier Milei scrape through midterms, but it leaves Argentina’s democracy and economy more dependent than ever on Washington

Argentina’s rightwing president, Javier Milei, his party and its allies claimed victory this week in key congressional elections. But it was Donald Trump who emerged the biggest winner. A $40bn lifeline from the US president gave Mr Milei’s beleaguered government just enough credibility – and apparent firepower – to halt the Argentinian peso’s slide. Crucially, this helped to stabilise consumer prices in the final weeks of the campaign. The US rescue engendered a short-lived aura of competence that allowed Mr Milei to shift the blame for rising prices back to the opposition, despite his own role in accelerating inflation by devaluing the currency when he took office.

Mr Milei’s wasn’t a decisive triumph. His rightwing coalition got 40% of the midterms vote thanks largely to a low turnout and a fragmented opposition. His “chainsaw” programme of privatisation and public spending cuts has not been popular. Polls suggest that six in 10 voters disapprove. Unsurprising, perhaps: since Mr Milei took office in December 2023, Argentinians’ purchasing power has fallen sharply, real wages have declined and more than 200,000 jobs have been lost. » | Editorial | Wednesday, October 29, 2025

Reformen mit der Kettensäge: Argentinier bestätigen libertäre Politik des Präsidenten Milei

Oct 27, 2025 | Kongresswahlen in Argentinien: Partei des libertären Präsidenten Javier Milei gewinnt klar - nun kann er seine Reformagenda vorantreiben. Dabei hilft auch US-Präsident Donald Trump.

Javier Milei Is No Libertarian. He Is Beholden to Argentina’s Oligarchs.

UNHERD: You have seen the spectacle. The wild sideburns, the rousing speeches, the roaring chainsaw, the heavy metal music dominating his mass rallies. Javier Milei, the self-styled shackle-breaking, anarcho-capitalist madman, marketed himself as a radical departure from everything that came before. He was going to blow up Argentina’s corrupt political casta, abolish its central bank, adopt the dollar and every kind of crypto coin out there as Argentina’s competing currencies. It was a gutsy bid to replace a century of Peronist and neoliberal failure with the libertarian’s dream: a pure, unadulterated, free market.

Across the globe, the nationalist Right, from Elon Musk, Benjamin Netanyahu and Donald Trump to Giorgia Meloni and Britain’s Daily Telegraph, lionised him. Niall Ferguson, the financial oligarchy’s court historian, declared a “man-made miracle” in the making. For a few brief months, as Argentina’s inflation rate plunged from its peaks, and even the poverty rates seemed to decrease, the chorus of fanboys grew deafening. Until everyone fell silent.

Today, the miracle has been exposed as a mirage. Argentina’s economy has nose-dived and its peso is in a death spiral, with a desperate $20-billion lifeline from the US and yet more rescue loans from the IMF keeping the Milei show on the road until the forthcoming mid-term elections. Closer inspection of the poverty reduction sub-miracle also reveals a mirage: the only reason the relative poverty index dropped was that median incomes had fallen faster than those at the bottom with the result that that fewer people now count as poor. The situation in Argentina is what you would call a meltdown — but is it really a surprise? » | Yanis Varoufakis | Thursday, October 16, 2025

Argentina's Milei Vows More Reforms after Election Triumph

Oct 27, 2025 | Argentina's President Javier Milei said his party's big victory in the nation's midterm elections marked a turning point and vowed to pursue reforms his government still considers necessary.

'Today we pass through a turning point,' Milei said after the results. Milei's party cruised to victory in midterm legislative elections as voters backed his free-market reforms and deep austerity measures, providing a mandate for him to push forward with his radical overhaul of the economy. The results will also likely be welcome news to US president Donald Trump, whose administration recently provided Argentina with a hefty financial bailout but had threatened to pull away if Milei did not do well.


Little good will come of this clown's reforms. They will enrich the superrich of Argentina and impoverish the masses. How Argentinians can vote for this madman is beyond my comprehension. — © Mark Alexander

Milei’s Win in Argentina Had Trump’s Fingerprints All Over It. But Just How Long Will Their Friendship Last?

THE GUARDIAN — OPINION: The Argentine president’s libertarian experiment is in tatters, and his hold on power seems increasingly dependent on volatile US support

In 1946, Argentina was emerging from military rule, an empowered labour movement was reshaping politics and Col Juan Perón, a leftwing leader who had introduced a raft of popular workers’ rights decrees, was rising fast in the polls. The then US ambassador, Spruille Braden, had other ideas about who should win the national election that year, and he openly campaigned against Perón in Buenos Aires. Braden’s action stands out as one of the most brazen instances of US interference in Argentina’s politics. Until now.

The Argentine president, Javier Milei, who won a resounding midterm victory on Sunday, has received ample support from Donald Trump. Ahead of the congressional elections, Trump endorsed Milei and warned: “If he loses, we are not going to be generous with Argentina.” Washington extended a $20bn currency swap line to the government – money aimed at stabilising financial volatility that would have undermined Milei’s chances. The US treasury even intervened directly, buying more than a billion dollars of pesos to slow the currency’s freefall in recent weeks. » | Jordana Timerman | Monday, October 27, 2025

Milei’s Party Wins High-stakes Argentina Elections, Early Results Show

Oct 27, 2025 | The party of Argentinian President Javier Milei has won midterm elections clinching a crucial vote of confidence in his free-market reforms and deep austerity measures.

Early results show Milei's Libertarian Party secured more than 40 percent of votes.

Al Jazeera’s Teresa Bo reports from Buenos Aires, Argentina.

Why Trump's $20 Billion Bailout of Argentina Might Not Be Enough to Rescue Milei | DW News

Oct 26, 2025 | Voting is underway in Argentina as people head to the polls in critical midterm elections. Sunday's vote is seen as a test for President Javier Milei and his austerity policies. Inflation has fallen significantly in recent months, but so has Milei's popularity. Around half of the seats in the lower chambers and a third of those in the upper chamber are up for grabs.

Why Support for Argentina's Milei Is Waning | DW News

Oct 25, 2025 | Argentina is preparing to vote in a mid-term election test on Sunday for President Javier Milei’s radical free-market experiment. Since taking office he's cut spending and slashed inflation. But scandals and austerity have fueled discontent. And then there's the added complication of Milei's ally Donald Trump, who has tied US aid to Milei's success at the ballot box. Young people, who had catapulted him to power in 2023, are now divided between support, disillusionment, and a loss of enthusiasm following widespread adjustments ranging from universities to disability benefits.

Argentinians have placed their trust in a madman! Unfortunately, Javier Milei has virually zero chance of fixing Argentina's economic woes. Fixing Argentina's economy requires a leader with a level head and sound, sensible, and fair economic policies. Milei's radical, anarcho-capitalistic policies are neither sound nor sensible nor fair! — © Mark Alexander

Why Is Trump Bailing Out Argentina's President Milei While Firing Thousands of Workers in US?

Oct 16, 2025 | We speak to Argentine journalist Pablo Calvi about the U.S. government's multibillion-dollar bailout for Argentina, which could grow from $20 billion to $40 billion as Argentina is rocked by an ongoing economic crisis. "I don't see that the bailout would benefit the Argentine people or the American people, for that matter," says Calvi. Instead, he believes the tech industry will reap the financial rewards from its ties to U.S. President Trump and his ally, far-right Argentine President Javier Milei, who attended the conservative CPAC conference in the U.S., where he gifted billionaire Elon Musk a chain saw.

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Milei's Shock Therapy for Argentina: Economic Miracle or Mirage? • FRANCE 24 English

Oct 10, 2025 | Was the "Argentina miracle" that Javier Milei boasted about really a miracle? As the libertarian president approaches his third year in office, and with midterm elections around the corner on October 26, we take a closer look at Argentina's economy with Juan Ignacio Carranza, lead analyst at Aurora Macro Strategies in Buenos Aires.

Why Argentina’s Economic Crisis is Still Getting Worse

Oct 11, 2025 | The Argentine Peso is still declining in value even after a £20 billion bailout from the Trump administration. So what exactly is going wrong for Milei? Why hasn't the bailout moved the needle? And is there any way out for their economy?

'Flying Blind.' Shutdown-induced Economic Data Blackout Leaves U.S. Investors in the Dark

Oct 10, 2025 | It is day nine of the government shutdown, and Congress is no closer to breaking its stalemate – leaving U.S. investors without access to critical economic data. John Harwood and Matt Peterson discuss on The 11th Hour.

Farage, Trump, Musk: Your Boy Javier Milei Just Took One Hell of a Beating. Why So Quiet?

THE GUARDIAN: The wild politics and chainsaw made Argentina’s president an economic hero for the right. And now, with his nation’s finances in chaos: silence

So you really want to know how Prime Minister Farage would pan out? Well, speculate no longer. An excellent test case is unfolding right now, in a country that just so happens to be run by one of Nigel’s heroes. Javier Milei is “amazing”, said the CEO of the private company he calls Reform. “Cutting and slashing … doing all the things he’s done … that’s leadership.”

You may know some of this story, about how a political outsider took power in Argentina. You’ve seen photos of El Loco, the self-styled madman, in a black leather jacket, with sideburns like hedges and wielding a giant red chainsaw – all the better to slash the public sector with.

Taking over Latin America’s second-largest country made Milei the poster boy of the international hard right. Elon Musk: “I love Javier Milei.” Kemi Badenoch: “Javier Milei is the template.” Donald Trump: “My favourite president.” In office, he was lionised by Wall Street and the international commentariat. Milei’s economy was declared by no lesser sage than Niall Ferguson as a “man-made miracle”.

Yet over the past few weeks, Argentina has gone into freefall. Investors have yanked billions out of the country, and the peso has dropped like a stone. A few days ago Trump was forced to pledge $20bn (£15bn) to prop up his friend, in addition to a rescue loan from the IMF. Later this month, Milei faces midterm elections that will serve as a referendum on his presidency and the results are expected to be bad. “We are seeing in real time how a government can melt in front of our eyes,” Alejandro Bercovich, a leading Argentine TV and radio journalist told me this week. “I never thought they would collapse this quickly.” » | Aditya Chakrabortty | Thursday, October 2, 2025

My regular visitors will surely remember that I stated loud and clear from day one that Javier Milei’s stupid experiment with anarcho-capitalism would fail. And my words are coming true very quickly.

You cannot run an economy as you run a business. The skills needed to run a business are totally different from the skills needed to run an economy. Intelligent, well-educated leaders and politicians should know this, but clearly many of them do not.

There is a simple reason why a businessman’s skills and a politician’s skills are very different, and it is simple to understand: the goal for a successful businessman is always profit; the goal of a good political leader should always be a successful economy run for the benefit of ALL the nation’s citizens. A nation’s leader is not doing his job properly if some of the citizens are living in the lap of luxury whilst others are going to bed at night hungry. When that happens, the leader has FAILED, regardless of how well the nation’s economy is doing on the international stage.

We need look no further than America for a lesson in how NOT to run an economy! Trump is trying to run the US using the business skills he boasts of possessing. And we can all see the mess that he has created. He has failed. And in Argentina, Javier Milei will also fail, I’m sorry to say. If I am not greatly mistaken, Milei’s reckless experiment in anarcho-capitalism will end in pain, misery, and tears for the masses. — © Mark Alexander

The Guardian View on Trump’s Argentina Bailout: It’s a Political Play, Not an Economic Plan

THE GUARDIAN — EDITORIAL: Washington’s $20bn lifeline for rightwing populist Javier Milei isn’t about stability or sovereignty, it’s about winning an election

Last month, the US treasury secretary, Scott Bessent, vowed to do “whatever it takes” to support Argentina’s rightwing president, Javier Milei, a key ally of Donald Trump. Markets aren’t convinced. On Tuesday, the peso plunged by more than 6% before a central bank intervention clawed back losses. Argentine stocks abroad fell 7%, and the risk premium on its debt rose to 12.3 percentage points – far beyond sustainable borrowing levels. The rout continued on Wednesday.

Mr Bessent admitted the aid was meant to prop up Mr Milei after his La Libertad Avanza (Freedom Advances) party lost decisively in a key election last month. But no terms have been confirmed. With US Republicans angry over Mr Milei’s tax breaks for soy farmers that undercut US producers, markets are asking the obvious: is the Bessent bazooka real, or just for show? It’s obviously a bad look for Mr Trump when the US government is shut down over health funding while $20bn is pledged to prop up a foreign ally. “America first” wasn’t meant to mean furloughed workers and stalled medical trials at home while cash flows abroad. » | Editorial | Wednesday, October 1, 2025