BUENOS AIRES — A libertarian political outsider who threatened to bring down Argentina’s political establishment, Javier Milei, won the presidency on Sunday by an overwhelming margin. This represents a momentous shift for a country that has been buffeted by one of the world’s worst rates of inflation and increasing poverty as a result of years of populist government.
The National Electoral Directorate reported that 98.2% of the 22.7 million ballots cast had been counted, and that Congressman Milei, who is 53 years old, won the election with approximately 56% of the vote, while Economy Minister Sergio Massa received 44% of the vote.
During the celebration of his triumph with his followers, Milei said, “Today, the reconstruction of Argentina begins,” which was met with an applause. “It’s the end of Argentine decadence,” he continued, calling the outcome of Sunday’s election “the miracle of electing a liberal, libertarian president.” Argentine decadence has come to an end.
In a speech that took place just after 8 o’clock in the evening, Massa admitted that they had lost. The 51-year-old man was hampered by his work as the economic policy director for the communist administration of President Alberto Fernández, which was blamed by Argentines for what economists called the greatest crisis in a generation. The leftist administration was led by President Alberto Fernández.
According to Massa, he had called Milei to offer his congratulations on his victory and to concede the race. During a speech in which he announced his retirement from politics, Massa stated that the new president-elect would be responsible, beginning the following day, for the challenge of delivering political, social, and economic guarantees to Argentina.
“We hope that he will do that,” Massa added in the aforementioned address. He ensured that the changeover to the next government would go off without a hitch.
The victory of the outspoken economist against the Peronist movement, which is now in power, paves the way for the comprehensive economic change that he has pledged to implement in this country of 46 million people.
Among Javier Milei’s suggestions are the use of the United States dollar as the country’s official currency, the elimination of the country’s central bank, an emphasis on trade with capitalist nations other than China, and a significant reduction in the size of the overly expansive state sector.
Javier Milei rose to national notoriety as a television pundit, giving impassioned outbursts against what he calls a thieving and corrupt political elite. He is known for his bushy head of hair and sideburns that resemble Wolverine and have become his signature.
The bachelor lives in his house with his five English mastiffs, four of whom are clones and named after well-known advocates of free markets. He claims that he is currently engaged in the process of converting to Judaism and that he is doing it with the assistance of a rabbi in a nation that is home to the largest Jewish community in Latin America.
Javier Milei is against the practice of abortion, has stated that he is open to the idea of establishing a market in which people can buy and sell organs, and does not believe that climate change is caused by humans.
Milei, who was a former frontman for a rock band and a reserve goaltender for a local professional club, won the favor of younger Argentines, particularly men, who have had a difficult time finding solid work. He has not been bashful about exposing his active romantic life, including the fact that he was a teacher of tantric sex, which is a practice that originated in ancient India.
Javier Milei claims that he stopped shortening his hair at the age of 13, which resulted in the shaggy bouffant that has been the subject of a great deal of media attention. He said, in reference to Adam Smith’s economic theory, “From that moment on, the invisible hand combs my hair,”
It is highly likely that the agenda proposed by Javier Milei will be met with strenuous opposition from trade unions, social movements, and major left-leaning political forces in Congress, including the largest bloc in that body, as well as from provincial and municipal administrations.
It means that Milei, a self-described anarcho-capitalist who became known to millions of people through TikTok and YouTube but had no established movement of his own, will have to rely on a partnership with centrist and conservative political factions who would likely temper his more extreme plans.
Milei became known to millions of people through TikTok and YouTube but had no established movement of his own.
“He’s going to need the help,” said Marcelo Gioffre, a 63-year-old author and lawyer who resides in this city and publishes a highly-read political blog. “Of course it’s going to be a challenge, but it’s the only way to move the country forward,” said President Obama.
Due to the collapse of the Argentine peso, its value versus the dollar on the black market has decreased by around 90%. As a result, many Argentines are finding it difficult to make ends meet on incomes of approximately $200 to $300 per month.
Outside of Milei’s campaign headquarters, which were located in the Liberator Hotel in the downtown area of Buenos Aires, supporters of Milei held a rally and screamed “Freedom!” Homeless people in Argentina eat out of trash cans and sleep on the marble sidewalks in the downtown area.
In a nod to Milei’s vows to adopt the greenback in order to stem skyrocketing inflation and reverse a disintegrating state-led economic model, street sellers sold miniature leaflets designed as if they were dollars designed with Milei’s face printed on them.
“It’s horrible, you can’t progress,” said Eric Gandini, a social media manager who was among the crowd and was 31 years old. Gandini, who together with his six relatives resides in a cramped house in the nation’s capital and struggles to take care of his elderly grandmother, expressed his fervent desire for his nation to undergo a transformation.