Analysis: Undaunted by Challenges, Argentina Takes a Sharp Right Turn

Analysis: Undaunted by Challenges, Argentina Takes a Sharp Right Turn
Argentine president-elect Javier Milei addresses supporters after winning Argentina's runoff presidential election, in Buenos Aires, Argentina, on Nov. 19, 2023. Tomas Cuesta/Getty Images
|Updated:
0:00

During the first part of the last century, Argentina was among the top economies in the world with a level of prosperity that reflected the meaning of its name—the Land of Silver.

Following World War II, Argentina’s “silver” was eclipsed as it slipped into a form of socialism—“Peronism”—and a long period of poverty, but with the election of classical liberal economist Javier Milei as the nation’s new president, there are hopes that could be reversed.