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Reason
Reason
J.D. Tuccille

Milei Win Buys Time To Return Argentina to Prosperity

Argentina's libertarian President Javier Milei won an important election victory on Sunday when his coalition, La Libertad Avanza (LLA), received a plurality of votes in the country's legislative elections. With about half of the seats in the lower house up for grabs and a third of the Senate, LLA didn't gain a majority, but it dramatically increased its share enough to block repeals of presidential decrees by lawmakers from other parties and to support presidential vetoes.

As Reason's César Báez commented, the results give Milei and his allies crucial time to continue needed free-market reforms and, hopefully, restore the fortunes of a country once held up as a model of prosperity, but which has been driven into poverty by decades of statist misrule.

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