Riding the Wave of Economic Populism

Dr. Munr Kazmir
4 min readNov 27, 2023

Exploring the Parallel Realities of Inflation’s Grip in Denmark and Argentina.

Photo by Benjamin Disinger on Unsplash.

In recent times, the global political landscape has been rocked by the unexpected ascension of populist leaders in countries as diverse as Denmark and Argentina. While seemingly disparate, these victories are tethered by a common thread: inflation.

Argentinian economist and self-proclaimed libertarian, Javier Milei, clinched a surprising win in the presidential race, capturing a staggering 56% of the votes in a runoff against left-wing contender Sergio Massa. His rise, described by some as unlikely, echoes a resounding rejection of Argentina’s entrenched political establishment, fueled by years of economic turmoil.

What we can learn from Javier Milei’s victory — and Argentina’s ruinous economy,” wrote Jon Miltimore for the conservative news site the Washington Examiner on November 25, 2023.

“Argentines elected 53-year-old political outsider Javier Milei as their new president on Sunday,” began Miltimore. “Milei, an economist and self-described libertarian, pulled in nearly 56% of all votes counted in his runoff against left-wing rival opponent, Sergio Massa, completing one of the most unlikely presidential victories in modern history.”

Unlikely it may have been; unexpected, it should not have been.

Jon Miltimore, in his insightful piece for the Washington Examiner, encapsulated this sentiment, highlighting how Milei’s victory stands as a testament to Argentina’s distress — a nation where poverty rates soar above 40% and inflation relentlessly surges into triple digits, a plight that has tormented the economy for decades but spiraled out of control in recent years.

Miltimore’s keen observation on November 20, 2023, vividly captured the essence of Argentina’s struggle under Milei’s leadership, portraying a nation scarred by currency devastation and a staggering rise in poverty.

“However one chooses to describe Milei, it’s clear his rise marks a total rejection of Argentina’s political establishment after years of economic pain,” revealed Militmore. “The poverty rate in Argentina is above 40%. Inflation, meanwhile, has been in the triple digits all year, and it continues to rise. Argentina, the second-largest…

--

--