With Latin America facing challenges, Martín Mosquera reports from Buenos Aires on the social stalemate that enabled far-right firebrand Javier Milei to implement the harshest shock therapy in Argentina's history.
I am the king and I will destroy you—all of the castas feed my appetite
Javier Milei declared at his victory rally after Argentina's legislative elections on 26 October 2025. His party's win was not guaranteed, despite nearly two years in office, Milei had controlled sky-high inflation, but as the dollar strengthened from July 2025, his ratings began to decline.
Mosquera draws on the conceptual legacies of Gramsci, Trotsky, Otto Bauer, and Angelo Tasca to analyze the function of the region's successful new rights.
Author's summary: Milei's rise in Argentina.