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Argentina elects outsider Javier Milei on platform of radical reform | Politics News<\/p>\n
Milei, a self-described \u2018anarcho-capitalist\u2019, has promised to slash public spending by 15 percent and abolishing the central bank.<\/em><\/p>\n<\/div>\n Argentina has elected libertarian outsider Javier Milei as its next president, taking a chance on the eccentric economist\u2019s programme of radical economic reform after decades of stagnation.<\/p>\n Milei\u2019s win on Sunday heralds a dramatic shake-up of the Latin American country\u2019s economy and institutions amid public anger over high inflation and record poverty rates under the centre-left Peronist coalition.<\/p>\n In the capital Buenos Aires, hundreds of Milei supporters honked horns, set off fireworks, and chanted his popular refrain against the political elite \u2013 \u201cout with all of them\u201d \u2013 as rock music played.<\/p>\n Economic Minister Sergio Massa conceded defeat as provisional results showed Milei with 56 percent of the vote to his 44 percent, with nearly 90 percent of votes counted.<\/p>\n \u201cObviously the results are not what we had hoped for, and I have spoken to Javier Milei to congratulate him and wish him well, because he is the president that the majority of Argentines have elected for the next four years,\u201d Massa said.<\/p>\n Milei, a self-described \u201canarcho-capitalist\u201d, has promised a series of radical reforms, including slashing public spending by 15 percent, abolishing the central bank and switching the Argentinian peso to the US dollar.<\/p>\n The 53-year-old political maverick, whose abrasive style has drawn comparisons with former US president Donald Trump, has also staked out conservative positions on social issues, opposing abortion and sex education, and railing against political correctness.<\/p>\n He has also questioned the death toll under Argentina\u2019s dictatorship, attacked Pope Francis, and denied that humans are responsible for climate change.<\/p>\n Milei\u2019s red-faced rants against the \u201cthieving and corrupt political class\u201d struck a chord with Argentines, particularly young men, amid rising poverty and triple-digit inflation in the Latin American country, which has stumbled from economic crisis to crisis for decades.<\/p>\n \u201cI think what moved me the most was the simple way he explained concepts,\u201d David Urbani, a 20-year-old economics student at the National University of Mar del Plata, told Al Jazeera ahead of the election. \u201cThe guy is an academic, not a politician.\u201d<\/p>\n Milei will face a daunting set of challenges when he takes office on December 10, including government coffers that are in the red, a $44 bn debt programme with the International Monetary Fund, and inflation nearing 150 percent.<\/p>\n<\/div>\n \u0627\u0644\u0645\u0635\u062f\u0631<\/a>
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