Barely a month ago, the received wisdom was that the Javier Milei experiment in Argentina had effectively collapsed. The self-styled ‘anarcho-capitalist’ president was elected in December 2023 after a campaign in which he waved a chainsaw at rallies, symbolising his promise to slash public spending and destroy the ‘political caste’. But with the peso on the slide, unions leading effective campaigns against the spending cuts and corruption allegations around his sister, the wiseacres – and polls – suggested that it was all about to cave in around Milei.

Milei’s La Libertad Avanza won 40.8 per cent in the midterm elections, widely seen as a referendum on his term so far

They’re not looking so wise today, after Milei’s La Libertad Avanza won 40.8 per cent in the midterm elections, widely se

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