Mr Milei’s rival, economy minister Sergio Massa, called him to concede.

Former US President Donald Trump congratulated Mr Milei on his victory, saying he would “Make Argentina Great Again!”.

The election comes at a difficult time for Argentina with rising inflation and an economy in crisis on peoples’ minds.

Mr Milei’s proposals, which included detonating the central bank, won support with voters desperate for change…

  • cyd@lemmy.world
    link
    fedilink
    English
    arrow-up
    21
    arrow-down
    21
    ·
    edit-2
    1 year ago

    1930s Germany isn’t always the best analogy for every situation anywhere, anytime. For one thing, the Weimar government was actually doing a decent job of rebuilding its economy after the war; they were kneecapped by the onset of the Great Depression, which was not their fault. Without Hitler, Germany would have eventually turned the corner and headed for economic prosperity.

    In Argentina’s case, the problems are the direct result of the Peronists’ decades-long dominance, and their uncanny ability to adopt every single bad idea on the economic left. Without getting rid of them, there’s no future for the country.