Has Javier Milei succeeded in transforming Argentina's economy?

Javier Milei won an election last year on an “anarcho-capitalist” platform, promising to take a chainsaw to the overbearing and bloated state. How’s it going?

President of Argentina Javier Milei speaks in Argentine Government house
(Image credit: Tomas Cuesta/Getty Images)

Javier Milei is the former economics professor and “anarcho-capitalist” who won Argentina’s presidential election last autumn and took power almost a year ago with no prior political experience. A life-long libertarian who swore to take a “chainsaw” to the state, Milei is hailed by some – Elon Musk and Donald Trump among them – as a beacon of pure capitalism and a champion of small government. Others regard him as a crazed far-right populist whose programme of extreme austerity remains all but certain to end in mass civil unrest and create yet more misery for a nation of 46 million people well used to debt crises, bad governance and high levels of poverty.

How has Javier Milei been getting on?

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Simon Wilson’s first career was in book publishing, as an economics editor at Routledge, and as a publisher of non-fiction at Random House, specialising in popular business and management books. While there, he published Customers.com, a bestselling classic of the early days of e-commerce, and The Money or Your Life: Reuniting Work and Joy, an inspirational book that helped inspire its publisher towards a post-corporate, portfolio life.   

Since 2001, he has been a writer for MoneyWeek, a financial copywriter, and a long-time contributing editor at The Week. Simon also works as an actor and corporate trainer; current and past clients include investment banks, the Bank of England, the UK government, several Magic Circle law firms and all of the Big Four accountancy firms. He has a degree in languages (German and Spanish) and social and political sciences from the University of Cambridge.