Javier Milei's Radical Economic Reforms

Javier Milei, the president of Argentina, has implemented significant radical reforms to address the country's economic crisis, characterized by rampant inflation and government overreach. Despite viewing the state as a 'criminal organization,' he has taken decisive actions to cut government spending dramatically, reducing the number of ministries and halting public works to regain economic stability. These measures have resulted in a notable decrease in inflation rates, plummeting from 13% to around 3% monthly, while achieving a primary surplus from his first month in office. However, criticisms have arisen due to the accompanying increase in poverty and unemployment rates as the country faces recession amidst these cuts, raising concerns about long-term sustainability and social impact.