The Money Runner - David Nelson

Parallel Politics: Trump like rise of Argentinia's Javier Milei

November 20, 2023 David Nelson, CFA Season 1 Episode 109
Parallel Politics: Trump like rise of Argentinia's Javier Milei
The Money Runner - David Nelson
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The Money Runner - David Nelson
Parallel Politics: Trump like rise of Argentinia's Javier Milei
Nov 20, 2023 Season 1 Episode 109
David Nelson, CFA

The rise of Javier Milei in his quest to become Argentinia's next president parallels the election cycle playing out here in the United States. People are fed up with the current political parties desperately looking for an alternative to the status quo. 

Show Notes Transcript

The rise of Javier Milei in his quest to become Argentinia's next president parallels the election cycle playing out here in the United States. People are fed up with the current political parties desperately looking for an alternative to the status quo. 

Argentina. A lot of parallels in this election to the election cycle that we're having here in the United States right now. Javier Milei very controversial guy. They call him a right wing populist. And I'm sure in some ways that is he certainly takes a page from Donald Trump back in 2016. He's one of those guys that looks at the landscape and he points out the elephant in the room and he points out what the Argentinian people have been feeling, you know, for years. They're living in poverty, some 40% in poverty. They're living with inflation levels. We can't even imagine. We go bonkers at 9%. They've been living with 140, 150 percent inflation. How do you live with that? How do you run a business when you've got to change your prices almost weekly? His favorite prop is a chainsaw because he wants to take a chainsaw to government. He wants to blow up the central bank. Sound familiar? He's speaking to the people because the people are fed up and and the party system that they have there, a lot of people are fed up with the traditional parties because they feel that they're self-dealing and they don't have the best interests of of of of the Argentinian electorate at their heart. So he's setting out to do that. I'm learning about this gentleman like like everybody like a lot of Americans out here. But I think the parallels to our election here and the distrust of government that we have in this country today, we're seeing it play out in other parts of the world as well.