The recent outcome of the 1st round in the elections in Argentina, will send Sergio Massa and Javier Milei into the 2nd runoff round. Javier Milei a Libertarian recently entering the political arena as an outsider, will compete for the presidency with Sergio Massa, the current Minister of Economics, running for the incumbent and rebranded Peronist party.
His journey to political prominence was unconventional, having previously served as a goalkeeper for the Chacarita Juniors soccer team and even assuming the role of Mick Jagger in a Rolling Stones tribute band. Inspired by Argentina's hyperinflation crisis in 1989, he transitioned to economics, eventually gaining traction through his appearances on television shows, where his unorthodox ideas and style found a receptive audience amid economic turmoil.
To finance their ever-increasing expenses, the government introduced a barrage of never-ending regulations, taxes, and controls. Cumbersome regulations for opening businesses and a complex tax system have made it nearly impossible for small enterprises to thrive, creating fertile ground for corruption.
Both major political factions in Argentina share a pro-statism perspective, emphasising the state's dominant role in controlling and regulating every aspect of society. Money issuance and control are deemed essential components of the nation's values.