Argentineans Face Uncertain Future After Trump-Backed Milei's Surprise Victory.
The outcome of Argentina's midterms has left many pondering whether the election result accurately reflects the will of the people or if it was merely a consequence of US economic blackmail under President Donald Trump. With a stunning victory of around 41% for Javier Milei's party, La Libertad Avanza, and a significant majority in Congress, opposition posters plastered across Buenos Aires featured Trump's face on top of an American flag, an apparent attempt to tap into anti-American sentiment.
While Milei won despite facing the lowest point of his nearly two-year tenure in power – marked by economic downturns and corruption allegations – many now wonder if the result is genuine or merely a response to perceived US pressure. Despite reducing inflation from over 200% annually to around 30%, a still-high global standard, Milei's policies have led to deep spending cuts, high unemployment, and declining purchasing power for citizens.
The economic crisis has left around 18,000 businesses closed and more than 200,000 jobs lost since Milei took office. The result has also sparked concerns about the country's dependence on the US, with many speculating that Argentina is becoming a "colony of the US." Sociologist Juan Gabriel Tokatlian notes that Trump's generosity may have backfired in Argentina, where his punitive measures had boosted popularity in other countries.
Hernán Letcher, director of the Centre for Argentine Political Economy (CEPA), attributes the result to falling inflation and fear of returning to a past of deep economic crises. However, many now worry about the future under Milei's leadership, particularly regarding the country's geopolitical policies and its growing dependence on the US.
As one voter noted, "What worries me is the future of our children, grandchildren and their successors – that they might end up living openly in a colony of the US." With the result still shrouded in uncertainty, Argentinians are now left to ponder what this means for the country's economic stability and its uncertain relationship with the US.
The outcome of Argentina's midterms has left many pondering whether the election result accurately reflects the will of the people or if it was merely a consequence of US economic blackmail under President Donald Trump. With a stunning victory of around 41% for Javier Milei's party, La Libertad Avanza, and a significant majority in Congress, opposition posters plastered across Buenos Aires featured Trump's face on top of an American flag, an apparent attempt to tap into anti-American sentiment.
While Milei won despite facing the lowest point of his nearly two-year tenure in power – marked by economic downturns and corruption allegations – many now wonder if the result is genuine or merely a response to perceived US pressure. Despite reducing inflation from over 200% annually to around 30%, a still-high global standard, Milei's policies have led to deep spending cuts, high unemployment, and declining purchasing power for citizens.
The economic crisis has left around 18,000 businesses closed and more than 200,000 jobs lost since Milei took office. The result has also sparked concerns about the country's dependence on the US, with many speculating that Argentina is becoming a "colony of the US." Sociologist Juan Gabriel Tokatlian notes that Trump's generosity may have backfired in Argentina, where his punitive measures had boosted popularity in other countries.
Hernán Letcher, director of the Centre for Argentine Political Economy (CEPA), attributes the result to falling inflation and fear of returning to a past of deep economic crises. However, many now worry about the future under Milei's leadership, particularly regarding the country's geopolitical policies and its growing dependence on the US.
As one voter noted, "What worries me is the future of our children, grandchildren and their successors – that they might end up living openly in a colony of the US." With the result still shrouded in uncertainty, Argentinians are now left to ponder what this means for the country's economic stability and its uncertain relationship with the US.