Javier Milei: New president tells Argentina 'shock treatment' looms
BBC NewsJUL 2023
Argentina: Court Suspends Pres. Milei's Labor Reforms
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The Spin
Left narrative
Milei's anti-worker regulations had to come under judicial scrutiny as they were passed without adherence to the legislative process. His big-bang reforms to deregulate the South American country's economy are unconstitutional, regressive, and hostile.
Right narrative
Pres. Milei has inherited a bankrupt country. Only his austerity measures can reduce public spending, control triple-digit inflation, and pull the Argentines out of poverty. If his reforms are halted, it could lead to an epic social collapse with far-reaching repercussions.
Metaculus Prediction
There's a 25% chance that Argentina will fully dollarize its economy before 2028, according to the Metaculus prediction community.
