In Argentina Javier Milei faces an economic crisis

To an American audience, Argentina’s election may seem uncannily familiar. A political outsider with bouffant hair and a history of outrageous remarks promises to make the country “great again”, and is written off by the liberal elite before winning the presidential poll. Yet the election on November 19th of Javier Milei, a self-described “anarcho-capitalist”, is not a repeat in the pampas of Donald Trump’s rise to power. Mr Milei faces a far trickier economic situation than any American president since the Depression. Many voted for him not because of his inflammatory rhetoric—but in spite of it, in an act of desperation.