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Throughout the entire campaign, the ultraliberal candidate failed to provide a clear explanation regarding the source of funding to dollarize South America’s second largest economy, Argentina. This absence of clarification concerning Argentina’s lack of US dollar reserves has become a grave concern for the country.
One cannot help but notice that Milei’s campaign is akin to a person attempting to make lemonade without any lemons. The lack of cash reserves raises serious doubts about the feasibility of Milei’s promises and plans.
Another prominent symbol that has come to represent the “mileista” campaign is the motosserra, or chainsaw. This tool is a symbolic representation of the candidate’s expressed desire to drastically reduce government spending. Undoubtedly, reducing spending is a favorable approach in a country where the government consumes nearly 40% of the Gross National Product (GIB). In fact, Milei claims that one-third of all expenses can be attributed to the government’s expenditures.
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However, it appears that the power of the motosserra is diminishing. As the campaign progressed into the second round, the candidate’s tone transformed. Milei somewhat softened his stance and seemed less radical in his proposals. He has even expressed criticism towards the Argentine government’s subsidies in the past but has now promised a more gradual approach to change. The public was reassured that there would be no sudden spikes in the cost of electricity or fuel.
This shift in Milei’s tone can be viewed as a politically strategic move. Recognizing the need to broaden his appeal and attract a wider range of voters, the candidate seemed to acknowledge that maintaining his radical stance would only discourage potential supporters. Consequently, he took on a more moderate tone, reducing the fear instilled by the government’s scare tactics and aiming to win over voters who are still undecided or hesitant.
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However, while Milei has adjusted his rhetoric, the same level of uncertainty remains regarding his ability to act upon his promises if he were to win the election. The question inevitably arises as to whether or not Milei possesses the necessary means and capability to put his plans into action successfully.
Regardless of the outcome, the fact that Milei has gained considerable attention and support throughout the campaign cannot be overlooked. By raising important issues such as government spending, subsidies, and the need for economic stability, Milei has managed to fuel discussions and create awareness among the public. This has paved the way for further debates and considerations on potential solutions for Argentina’s economic challenges.
In conclusion, the ultraliberal candidate’s failure to address the source of funding for dollarization, combined with the lack of US dollar reserves in Argentina, continues to cast a shadow of doubt over Milei’s campaign. The chainsaw symbolism, while initially captivating, has witnessed a decrease in its power as the campaign progressed. Milei’s shift towards a more moderate approach may enable him to attract additional voters, but the question remains as to whether he can effectively implement his plans. Nonetheless, his campaign has undeniably sparked important discussions and considerations regarding Argentina’s economic future, creating the opportunity for further dialogue and potential solutions.
