Javier Milei has reduced poverty in Argentina. This week brought the publication of a tranche of government poverty figures, covering the period from July to December last year. Much had been made of the immediate surge in poverty that occurred in Milei’s first six months in office. The fall – down to 38.1 per cent from 41.7 per cent in the same period last year, when the country was governed by the Peronists – would seem to be a vindication of the chainsaw-wielding libertarian and his policies. But is there more to it than that?
Milei came into office promising to shatter the country’s economic approach and bring the country’s inflation crisis – which had been teetering on the edge of disaster – under control.
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