The recent political developments in Argentina present a complex and concerning scenario. The rise of an anarcho-capitalist, neo-libertarian Javier Milei to the presidency, replacing the long-standing liberal governance, reflects a drastic shift in Argentina’s political landscape. This change is indicative of the public’s desire for an alternative to address Argentina’s persistent economic challenges, notably its high inflation, which has earned it the title of the “inflation nation” of South America.

However, the move towards neo-libertarianism, characterized by an emphasis on deregulation, privatization, and limited government intervention, raises critical concerns. This approach mirrors the neoliberal policies that have historically exacerbated income inequality and exploitation, particularly in the Global South. The proposed adoption of the US Dollar over the Argentine Peso symbolizes a deeper alignment with neoliberal economics, which often fails to address the underlying issues of social and economic inequality.

Any principled internationalist recognizes the necessity of government intervention in protecting the rights and well-being of workers and vulnerable populations. It challenges the notion that the free market alone can address the complexities of social justice and equitable development. The experiences of countries like Brazil, where similar shifts in political ideology led to increased inequality and social unrest, serve as a cautionary tale.

In contrast to the individualistic and market-driven approaches of neo-libertarianism, internationalism advocates for policies that prioritize the collective well-being, particularly of those in the Global South who have been historically marginalized and exploited. It supports the strengthening of social safety nets, labor rights, and equitable economic policies that ensure the benefits of development are shared more broadly.

The situation in Argentina, under the influence of neo-libertarianism, risks deepening the divide between the rich and the poor, heightening exploitation, and undermining democratic oversight. The solution lies in fostering solidarity, both nationally and globally, and in pursuing economic models that emphasize social justice, equitable distribution of resources, and respect for the rights and dignity of all people, particularly those who have borne the brunt of exploitative economic systems.