General strike in May

How Javier Milei is riding Argentina into the abyss

Argentina's President Javier Milei (53) is cutting costs with an iron hand and people are protesting against his drastic measures.(Bild: Krone KREATIV/picturedesk.com)

With unprecedented austerity measures, Argentinian President Javier Milei is bringing his country to the brink of collapse. The cautiously creative anarcho-capitalist speaks of necessary steps. Critics fear that millions of people will sink into poverty. On May 9, a general strike paralyzes the country. Is Argentina at risk of falling into chaos? Krone+ knows more. 

Argentina has been in a state of permanent turmoil for four months. In recent months, the right-wing populist government of Javier Milei has cut tens of thousands of jobs in the public sector, slashed state investments and social programs, and starved research centers and universities of funding. During the election campaign, the 53-year-old wielded a chainsaw - a symbol of the radical cuts and reductions he had planned. He also threatened to blow up the central bank.