There has been a lot of talk about Argentina in the U.S. lately. President Trump recently said to a journalist that “Argentina’s fighting for its life,” later adding that “I think [President Milei] is trying to do the best he can. But don’t make it sound like they’re doing great.”

Trump is right: Argentina is not doing great. The country will hold its first midterm elections of the Javier Milei era this Sunday, Oct. 26. While Milei has improved much of the situation in the country, his chances of winning the seats in Congress needed to continue his reforms are a coin toss. The reasons include that the economic situation is still dire, the fact that Milei has made many mistakes, and that the Argentinian society never truly embraced free markets.

Javier Milei came to power in 2023 wi

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