Sam Meadows is a journalist based in South America.
It was Argentina’s ‘liberation day’, Javier Milei proclaimed last week after meeting US Treasury Secretary Scott Bessent in the Pink House, Argentina’s presidential palace. On Friday, he had shocked the country by lifting the cepo – ‘clamp’ in Spanish – which has restricted currency trades in South America’s second-largest economy for so long. ‘After 15 years of capital
Javier Milei has reduced poverty in Argentina. This week brought the publication of a tranche of government poverty figures, covering the period from July to December last year. Much had been made of the immediate surge in poverty that occurred in Milei’s first six months in office. The fall – down to 38.1 per cent
In the Oscar-nominated movie The Holdovers, one of the characters says in a moment of frustration: ‘I thought all the Nazis ran away to Argentina.’ This line got a big laugh in cinemas in Buenos Aires. But while the events this joke alludes to now lie far enough in the past for today’s Argentines to
When Javier Milei took power in Argentina there was one group whose ears pricked up with interest: the global crypto bros. After all, here was a president who seemed perfectly aligned with their values. A lover of economic freedom who harbours a deep hatred for state regulations and government spending. Surely this ‘anarcho-capitalist’ was a
Did Argentina pave the way for Elon Musk’s Doge? At the very least, Javier Milei’s famous chainsaw has provided a roadmap for the South African billionaire to follow as he tries to slash the size of the US government budget. Musk has spent much of the past few days and weeks decrying supposed ‘fraud’ and
When Domingo Cavallo implemented at the start of December 2001 a restriction on cash withdrawals, he unwittingly unleashed a month of rioting and looting across Argentina that would leave 39 people dead. Police brutally cracked down on protests that quickly spread as the country’s economy fell to pieces. The basket of laws enforced by the
Uruguayans have long been able to look across the Rio Plata to their larger and louder neighbours in Argentina and roll their eyes at the endless economic crises and political chaos. Not for much longer, perhaps. Uruguay heads to the polls today to elect its next president, but election fever has been roundly overshadowed by (if
President Javier Milei isn’t believed to have attended Sir Paul McCartney’s Buenos Aires concerts last weekend, but if he had, he would have heard thousands of Argentines belting out ‘Getting Better’. Are things getting better for Argentina? There’s enough in the World Bank’s latest assessment to give Milei optimism. While his brutal austerity measures have
Bitter austerity is biting in Argentina as the new president enacts the brutal cuts he promised in a bid to reign in one of the world’s worst inflation rates. Entire government departments – including the Culture Ministry – have been canned and consumer spending has slumped across the board as Argentines find their stacks of
In the sci-fi movie Minority Report, Tom Cruise plays a police officer investigating ‘pre-crimes’ – those which are yet to happen, but are predicted by super-intelligent psychic beings. Real-life Argentina might not be relying on psychics, but President Javier Milei has unveiled plans to use AI to ‘predict future crimes’ in a move which has alarmed civil rights activists. As any
When the final whistle blew and Argentina’s players celebrated another Copa America triumph – the icing on the cake of a three-year spell of dominance in international football – few would have predicted that it would cause a rift to appear in government. But, just days and a racism scandal later, that is what appears
A glimpse into the mindset of Javier Milei was given by his decision this week to retweet a picture on social media depicting himself, prophet-like, gazing down from the clouds. As his flight to Italy for the G7 summit took off he would have been feeling rather smug – he had finally secured a long-awaited win back home in
Javier Milei pledged to ‘make Argentina great again’ when he took to the stage in February at the CPAC meeting of right-wing thinkers in the United States. The Argentine president is a self-proclaimed anarcho-capitalist who, like Donald Trump, rose to prominence promising to deliver shockwaves to his country. The first six months of Milei’s presidential
An alliance with the trade union movements helped catapult Juan Peron, the icon of Argentine politics, to the presidency in the 1940s, and the Peronist political movement he created has had a close relationship with the unions ever since. It’s little surprise that they have opposed Argentina’s new president Javier Milei – very much not a
When Labour’s Liam Byrne left a note for the incoming coalition Treasury team in 2010 which said ‘I’m afraid there is no money’, it was meant as a joke. When Argentine president Javier Milei sent a similar message in his inauguration speech on Sunday, it was far from comedy. It was an honest assessment of the
The location was the same – the circumstances starkly different. Almost 12 months ago, hundreds of thousands of people gathered on Buenos Aires’ immense central avenue to celebrate their team’s win in the World Cup. A year on, and hundreds – honking car horns and waving the blue-and-white Argentine flag – were there to celebrate
