I feel like the overall trend in global elections of the last few years is to blame global problems on local politicians. It's correct that Argentina's fiscal situation has long been difficult. But if it improves, is that on Milei? Or is it just waiting out the worst of a bad economic boom-bust cycle? Rather like waiting for the weather to improve, then the politician says he brought the sunshine.
> But if it improves, is that on Milei? Or is it just waiting out the worst of a bad economic boom-bust cycle?
This might be a valid observation in most other countries, but Argentina has been a basket case for ages. Itβs defaulted nine times in a little over 200 years, and two of those defaults were in 2014 and 2020. I think this is one of those cases where you might could attribute a dramatic one or two year turnaround to the person actually doing something new (spending less).
In the case of Argentina they literally are waiting for the weather to improve. Much of their economy is based on agricultural exports and crops have suffered from drought lately.
