Milei’s Shock Therapy And The Workers’ Response
Less than two weeks after President Javier Milei took office in Argentina, his term is turning out to be as convulsive as promised. His economic policy is a textbook example of shock therapy, and includes massive cuts to social spending, a drastic currency devaluation–with the consequent depreciation of wages–, the reduction of subsidies on energy and transport, and price liberalization. This program was accompanied last week by the implementation of a new “security protocol” aimed at suppressing social protest and penalizing those who mobilize to reject government policies. In this context, a mass mobilization to Plaza de Mayo last Wednesday, followed by spontaneous pots and pans protests in front of Congress, was the first show of strength by those who vow to resist the onslaught.
