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FT News Briefing
Milei elected president of Argentina
Nov 20, 2023
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.
09:53
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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.
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