Economist Podcasts Juan way, or another? Argentina’s election
Jun 28, 2023
Anna Lankes, Latin America correspondent for The Economist, and John Fassman, business and society reporter, delve into Argentina's political shift as inflation drives voters away from Peronism and toward populist right alternatives. They unpack the implications of economic instability, including currency devaluation and the black market for dollars. Additionally, they explore Walmart's innovative healthcare approach, addressing access issues in rural areas. Finally, they discuss global urban livability, highlighting changing rankings and the effects of conflict and COVID restrictions.
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Argentina's Election Landscape
- Argentina's economic woes are hurting the Peronists' chances of retaining power, boosting center-right and right-wing candidates.
- Voters are turning away from Peronism due to 114% annual inflation and rising costs.
Argentina's Economic Woes
- Argentina's economic struggles stem from high public spending, a small tax base, and repeated defaults on sovereign debt.
- The central bank prints money to finance policies, exacerbating inflation and causing a rush to buy dollars.
Rise of Extreme Candidates
- Voters seek radical solutions as gradual reforms have failed in the past.
- This opens the door for extreme candidates like Javier Milei, who proposes dollarizing the Argentine peso.