Javier Milei’s recent public assault on former mentor Domingo Cavallo illustrates significant ideological shifts in his administration. As Milei defends his economic policies amidst criticism, his dismissal of divergent voices and reliance on a strong peso strategy raise concerns about authoritarianism and political instability leading to upcoming elections.
Javier Milei experienced a tumultuous week, escalating his criticism of former mentor Domingo Cavallo after writing an article supporting his economic policies. Cavallo, once revered, has become contentious due to his past associations and decisions that led to significant economic crises in Argentina. Milei’s public denouncement of Cavallo also resulted in the dismissal of his daughter, Sonia Cavallo, from her ambassadorial position, further illustrating his unwavering stance on economic ideology.
Despite Cavallo’s previous support for Milei, he now faces criticism about potential weaknesses in the economic strategies implemented by Milei and Economy Minister Luis Caputo. While they have curtailed inflation, concerns arise regarding the portrayal of the Argentine peso as artificially strong, putting the economy at risk of devaluation. This situation raises doubts about currency controls that inhibit the Central Bank’s reserve accumulation.
Milei’s administration walks a precarious path, with their current strong peso approach conflicting with his campaign declarations labeling it as “excrement.” Drawing parallels to former Federal Reserve Chairman Ben Bernanke, Milei and Caputo are using communication strategies to shape public expectations, highlighting the urgent need to defend their policy choices amid market skepticism.
Milei’s disregard for critical voices demonstrates a willingness to sever ties with lesser-known allies, asserting his political dominance. With his sister, Karina Milei, referred to as the political enforcer, they sow discord among dissenters in their party by dismissing opposition and leveling allegations against mainstream economists. This behavior reflects an intolerance for criticism and a demand for unity within La Libertad Avanza.
The Milei administration has successfully garnered support from other political factions despite growing resentment among former allies. This strategy, characterized by an authoritative tone, manipulates political agendas while simultaneously silencing dissenting voices in journalism. The long-term effects of this approach could jeopardize Milei’s stability as opposition forces gradually consolidate and prepare to challenge his regime.
As the situation evolves, Cavallo and other former allies may seek to evade confrontation with Milei to protect their interests. However, if political tensions escalate, the repercussions for those opposing the administration could outweigh the risks, reinforcing Milei’s grip on power leading up to potentially pivotal midterm elections.
Javier Milei’s recent conflict with Domingo Cavallo marks a critical turning point in his administration, reflecting both ideological rigidity and a strategic shift in economic policy. The dismissal of dissenting voices within his political sphere highlights authoritarian tendencies, threatening unity among allies while projecting strength. As Milei navigates these tumultuous waters, the consequences of his intense political maneuvers may increasingly shape the socio-political landscape of Argentina.
Original Source: www.batimes.com.ar
