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Argentina's president-elect wants public companies in private hands, with media first to go
Argentina’s president-elect has given the first signals of how he plans to shake up South America’s second-largest economy
BUENOS AIRES, Argentina (AP) — Argentina’s right-wing president-elect gave the first indications Monday of how he plans to start shaking up South America’s second-largest economy: with a slew of privatizations.
Populist Javier Milei, a libertarian economist and self-described “anarcho-capitalist,” won a presidential runoff election on Sunday with 55.7% of the vote. He said Monday that he would move quickly to privatize the country's state-owned media outlets and look to do the same with other public companies.
“Everything that can be in the hands of the private sector will be in the hands of the private sector,” Milei told Bueno Aires station Radio Mitre.
Experts immediately questioned how far Milei would get in fulfilling that vision without the support of Argentina's National Congress, where his party holds a relatively small share of seats. However, some analysts said his resounding election victory could give him leverage.