When Javier Milei came to power in Argentina, the Western media went into pearl-clutching overdrive. Milei, like Jair Bolsonaro in Brazil, was a ‘mini-Trump’, a chainsaw-wielding madman who was set to overthrow decades of left-wing, socialist, policy in Argentina. That those same policies had taken Argentina from one of the wealthiest countries in the world to a basket-case economy, was of no matter.
All that mattered was that the globalists’ beloved ‘pink tide’ was under threat. Venezuela, the left’s beloved poster-child, was in free-fall collapse, with Argentina not far behind.
Milei vowed to turn that all around by slashing government spending and lifting the heavy boot of bureaucracy from Argentina’s neck.
And it’s worked. With stunning speed. In less than two years, Milei has reined in inflation, revitalised a moribund housing market and lifted millions of Argentines out of poverty.
In the second half of 2024, poverty in Argentina affected 38.1 per cent of the population, marking a significant decline of nearly 15 percentage points in six months, during which period inflation slowed, according to the report official statistics published on 31 March 2025. Out of about 47 million Argentines, 38.1 per cent lived below the poverty line, a level similar to that of the previous year, after a peak of 52.9 per cent six months ago, linked to devaluation, inflation and the austerity policies of ultraliberal President Javier Milei […]
Similarly, the proportion of Argentines living in extreme poverty has decreased significantly in the second half of 2024, from 18.1 per cent six months ago to 8.2 per cent.
So, exactly as promised, after a short spike, poverty is dropping and is now lower than before Milei took office.
Milei, the self-described anarcho-capitalist, has also overseen a sharp deceleration in inflation, to its slowest levels in four years.
Annual inflation plummeted to 66.9 per cent last month compared to 276.2 per cent a year earlier, according to INDEC.
Naturally, the mainstream media can’t admit that their big bogeyman has turned out to be an economic saviour. So, who do they turn to but the very troughers who grew fat on Argentines’ misery for decades.
“There is a big gap between what the statistics say and what you feel on the streets,” said Tomás Raffo, an economist at Argentina’s largest public sector workers union CTA.
Sounds like someone’s a bit miffed that he might have to actually work for a living, for once, as Milei slashes the grotesquely oversized public sector.
Those who don’t live off the public purse, on the other hand, can see the light dawning at last for Argentina.
“Politically, this is a very important achievement for the government, especially in this year of midterm elections,” said Camilo Tiscornia, director of C&T Asesores Económicos, a consultancy in Buenos Aires, noting this marked the lowest poverty rate since the first half of 2022. “It shows that what the government is doing is starting to work.”
Now, don’t say that. Voters in other countries might start getting ideas and think of chucking out their own left-wing, WEF-annointed, governments.
