by James Rickards
Daily Reckoning
Make Argentina Great Again — MAGA!
Political outsider Javier Milei won Argentina’s presidential election last night, in a development that’s shocked the world.
Though his policy prescriptions are different than Trump’s in many respects, Milei is basically the Argentinian version of Donald Trump because of his anti-establishment, “drain the swamp” rhetoric.
You can liken Milei’s election to Trump’s 2016 election and Brexit. It’s a popular rejection of globalism and the neoliberal global order.
Perhaps not coincidentally, Argentina joined the BRICS nations in August, which will formally take effect in January.