The victory of Argentine President Javier Milei in the recent legislative elections revived the debate on free market ideas and economic deregulation. His party, La Libertad Avanza (LLA), obtained nearly 41% of the votes, expanding its representation to 93 deputies and 19 senators. This growth gives it greater negotiating capacity to promote its agenda in Congress.
Although the result consolidates Milei’s political leadership in Argentina, its impact transcends borders. In neighboring countries, libertarian and pro-market ideas begin to gain strength.
On social networks, users highlighted how the president’s phenomenon arouses curiosity in other countries. Argentine content creator Romina Sejas, known as “cryptochica,” shared his experience in Brazil.
«Here in Brazil, almost all the Ubers ask me about Milei when they realize that I am Argentine. For them it is like a success from a brother country. People more related to technology or finance are more reserved in their opinions, but when a channel of trust is opened, they also endorse Milei. They are few, but at least five Brazilians I know are thinking about moving to Buenos Aires, even though it is more expensive than São Paulo,” he said.
For several years, even before starting his political campaign, The Argentine president has shown himself to be a firm defender of reducing public spendingthe elimination of bureaucratic obstacles and the protection of private property.
Ideological movement in Latin America
Milei’s new trailer coincides with a resurgence of ideas of economic openness in Latin America. A recent example is Bolivia, where, as CriptoNoticias reported, Rodrigo Paz Pereira achieved a historic victory with 54.5% of the votes. The South American country put an end to almost two decades of hegemony of the Movement towards Socialism (MAS).
For many analysts, Paz’s rise marks a political turn toward transparency, state efficiency and economic freedom. They are pillars that also resonate with the liberal vision defended by the Argentine president.
His government plan, called Agenda 50/50, proposes allocating half of public spending to modernizing the State, integrating technologies such as cryptocurrency networks to combat corruption and optimize resources.
In addition, Paz promotes the creation of an Exchange Stabilization Fund that includes the possibility of incorporating bitcoin (BTC) as part of the equity disclosure. This, in a country that just lifted its ban on digital assets after a decade.