Argentina's Libertarian Moment
Adam Dubove, cofounder and director of financial-intelligence service Ichimoku Fibonacci, and Eduardo Marty, founder and president of the Foundation for Intellectual Responsibility in Argentina, contend that Argentine President-Elect Javier Milei has a historic opportunity to succeed in his incoming administration.\n\nMilei, however, needs to work his way through Congress\u2014where his party does not have a majority. Further, he needs to find a competent team to execute his market-liberalization plan.\n\nFor Marty, former President Mauricio Macri behaved as a statesman by supporting Milei in the runoff election. Macri did so the day after his preferred candidate lost in the first round of the election. This helped Milei to win the runoff against Peronista candidate and Economy Minister Sergio Massa.\n\nFor Marty, Milei is better prepared intellectually than right-leaning politicians such as Brazil\u2019s Jair Bolsonaro or the United States\u2019s Donald Trump. Dubove and Marty agree that Milei\u2019s team will follow Ecuador, El Salvador, and Panama\u2019s dollarization strategy. However, they note that unions and other collectivists will aggressively resist Milei\u2019s classical-liberal ideas.\n\nShow notes: https://impunityobserver.com/2023/11/21/argentina-libertarian-moment/