The Rise of Libertarian Authoritarian Leaders in Argentina

Argentina's new president, Javier Malay, presents himself as a libertarian but is also authoritarian. Lacking a majority in Congress, Malay rules by decree and aims to implement radical policies of deregulation and devaluation. However, these policies have led to intensified inflation and economic turmoil, with estimates of December's inflation around 30%. Malay's political party has a small minority in Congress, leading to challenges in passing his ambitious agenda. The use of presidential decrees, including deregulation and privatization measures, has drawn criticism for bypassing the legislative process. Malay's popularity, although initially high, may decline as people begin to feel the negative effects of his policies on their daily lives.