FT News Briefing

Milei elected president of Argentina

Nov 20, 2023

09:53

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Radical libertarian economist Javier Milei is elected president of Argentina. Investors are shaking up the venture capital market by buying out start-ups. Bangladesh's struggles with liquefied natural gas and the importance of transitioning to renewable energy are discussed.

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Quick takeaways

Javier Milei, a radical libertarian economist, won the Argentinian presidential elections by promising to drastically cut state spending and suggesting dollarization to fight inflation.

Investors are shaking up the venture capital market by raising money to buy struggling startups, taking control of the companies for profit, and capitalizing on the opportunity created by rising interest rates and falling startup valuations.

Deep dives

Argentina's Far-Right President-Elect

Javier Malay, a radical libertarian economist, won the Argentinian presidential elections, defeating the current parentist economy minister Sergio Massa. Malay campaigned on drastically cutting state spending and suggested dollarizing the economy to fight inflation.

Introduction

3min

Shift in Venture Capital Market and the Rise of Private Equity

2min

Dislocation in VC Market and Challenges with Bangladesh's LNG Investment

3min

Struggles with Gas Supply and Lessons on Transition to Renewable Energy

3min

Radical libertarian economist, Javier Milei, has won Argentina’s presidential elections, investors are shaking up the venture capital market by raising money to buy out start-ups, and Bangladesh is struggling to keep the lights on after going all-in on liquefied natural gas.

Mentioned in this podcast:

Radical libertarian Javier Milei elected president of Argentina

Investors shake up VC market by raising money to buy out start-ups

Will Bangladesh come to regret its dash for gas?

Altman appears at OpenAI offices as pressure grows to reinstate him

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Josh Gabert-Doyon, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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