After running on a libertarian platform and winning, Argentine President Javier Milei is taking aim at hundreds of socialist policies in his country, offering harsh criticisms of the ideology. Milei’s executive order targeted nearly every aspect of the Argentine economy, including imports, price controls, health care, sports federations, landlord and tenant policies, and the yerba mate industry — in what he described as an attempt to impose a “shock stabilization plan” to prevent a financial catastrophe. Argentina is facing the worst economic crisis of its history as a result of decades of socialist policies, lavish government spending, and corruption, fueling skyrocketing rates of poverty, joblessness, and inflation. The nation’s inflation rate reached 160 percent in the days after Milei’s December 10 inauguration. Milei, a libertarian economist, decisively won the November 19 presidential election against socialist former Economy Minister Sergio Massa on a platform promising widespread economic deregulation, a drastic reduction in the size of government, and a foreign policy centred around alliances with America and Israel, rather than China and Russia.
“We designed a stabilization plan that includes fiscal adjustment, an exchange policy that adjusted the exchange rate to the market value and a monetary policy that includes the destruction of the central bank,” he announced. “As we have been saying for months, the problem is not the chef, it’s the recipe,” he continued. “Those ideas that failed in Argentina are the same ideas that have failed far and wide on the planet. Where they were intended, they have failed economically, socially, culturally, and, on top of that, they have cost the lives of millions of human beings.” “This doctrine that some call leftist, socialism, fascism, communism — and which we like to catalogue as collectivism — is a way of thinking that dilutes the individual in favour of the power of the state,” Milei explained, adding, It is the basic foundation of the caste system. It is a doctrine of thinking that is partially based on the idea that the reason of the state is more important than the individuals that comprise the nation. That the individual is only recognized if he submits to the state, and therefore citizens owe veneration to its representatives the political caste.
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