Why Milei’s Economic Shock Therapy Is Dividing Argentina

President Javier Milei promised present-day pain to secure Argentina’s economic future, but his vision is now in jeopardy. Despite Milei’s success in slashing the inflation rate from 300% to just over 30% in two years, Argentina’s markets tumbled after Milei’s party suffered a defeat during Buenos Aires’ provincial election. Will Argentinians be willing to withstand more pain or are they ready to return to Peronism? (Source: Bloomberg)