Milei Is Defying Argentina's Powerful Labor Unions
Javier Milei
Zach Weissmueller | 3.3.2024 7:00 AM
After enacting sweeping reforms in Argentina, President Javier Milei faced a major protest. Tens of thousands of people marched through the streets, hundreds of flights were grounded, and schools and businesses closed in protest of Milei's radical attempt to fix the troubled South American country.
Milei is a rarity; there aren't many self-described libertarian heads of state in history. To avert economic disaster in a country facing huge deficits and a 160 percent inflation rate (that has since spiked to over 211 percent), he told the country things would likely get worse before they could get better.
In his inaugural address on December 10, Milei acknowledged the daunting challenges ahead: "No government has received a worse inheritance than the one we are receiving….We neither seek nor desire the difficult decisions that must be made in the coming weeks. But unfortunately, we have no choice."
Ten days........
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