Axel Kaiser Explains the Javier Milei Effect

Milei's austerity-driven libertarian populism retains durable support in Argentina, signaling a broader free-market realignment across Latin America.

• Milei's popularity holds: After slashing 5 points of GDP in government spending in his first week, Milei's approval fell from over 50% to around 40% after three years, with roughly a third of the electorate as a solid ideological base.
• Rent control reversal in Buenos Aires: Eliminating rent controls led to more rental units becoming available at lower prices, the opposite of what Peronist economists predicted.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.