Tens of thousands of Argentines filled the streets of downtown Buenos Aires on Wednesday to demand increased funding for universities and pediatric care, which have suffered cuts under libertarian President Javier Milei’s austerity measures.
Milei’s popularity has declined following his deep budget cuts, and he is dealing with the fallout from a corruption scandal and a legislative defeat in Buenos Aires provincial elections earlier this month.
Milei faces high-stakes midterm elections in October, in which his party aims to secure enough seats to keep the opposition-controlled Congress from overriding his vetoes.
They are, if your definition of working is that inflation is down. No question inflation is way down. Unfortunately employment rates are also way down, and poverty is way up.
So are they working? Depends on the metric you look at. Reducing inflation is, in a vacuum, a significant success; though taken in combination with the secondary harms of austerity, it’s probably a net negative for many people, if not most people.