Javier Milei, the president of Argentina, has implemented radical economic reforms since taking office in December 2023. His administration has focused on reducing government size and public spending, achieving a notable decrease in inflation from approximately 25% to around 2.5% within two years. Milei's approach, characterized by a commitment to free-market principles, has led to the halving of government ministries and a 30% reduction in public spending.

Despite these economic gains, the reforms have resulted in significant social consequences, including widespread job losses and the closure of small businesses due to cuts in subsidies and increased competition from foreign markets. Protests that initially marked his presidency have diminished, although earlier demonstrations faced severe repression, including the use of tear gas against protesters.

Milei's administration has also seen a shift in Argentina's international relations, aligning more closely with the United States under President Donald Trump, whom Milei admires for his stance against socialism. This realignment has raised concerns about a return to historical U.S. dominance in Latin America, reminiscent of the Monroe Doctrine.

In terms of military policy, Milei has initiated discussions to lift a ban on weapons sales from the UK, which has been in place since the Falklands War in 1982. He maintains a firm stance on Argentina's claim to the Falkland Islands, emphasizing negotiation over conflict.

While Milei's economic policies have garnered support from certain sectors, particularly among gig economy workers, they have also led to increased hardship for many Argentinians. Critics argue that the benefits of his reforms are unevenly distributed, raising questions about the long-term sustainability of his approach and its impact on social equity. As Milei prepares for a potential re-election campaign in 2027, the balance between economic recovery and social stability remains a critical issue for his administration.