Protesters clash with police as Milei’s radical overhaul advances in Argentina’s Senate
NBCJUN 2024
Argentina: Pres. Milei to Veto Pension Reform Bill
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Above: Pres. Javier Milei waves as he arrives at the 136th Expo Rural at La Rural Exhibition and Conference Centre on July 28, 2024, in Buenos Aires, Argentina. Image copyright: Tomas Cuesta/Stringer/Getty Images News via Getty Images
The Spin
Left narrative
The brutal austerity program of the self-declared anarcho-capitalist Javier Milei has so far increased poverty to 55% and further aggravated annual inflation. And yet he continues to attack pensioners as if destroying their purchasing power was a silver bullet for solving Argentina's economic issues.
Right narrative
Milei took over a country in the depths of unprecedented economic and political turmoil, and he's already turning it around in six months. His market-based reforms are saving Argentina, and a veto on this new pension formula is the only way to protect the real purchasing power of pensions.
Metaculus Prediction
There's a 15% chance that Argentina will fully dollarize its economy before 2028, according to the Metaculus prediction community.
