Este texto trata da situação econômico e a mudança política na Argentina. E foi feito para o nível C1.
Preparation
What do you know about Argentina's current situation?
Do you know whos is Milei? What do you think about him?
Activities
Prepare an explanation to explain the Argentina's current situation.
Present a persuasive argument to your skeptical boss about why investing in Argentina would be beneficial for the company.
Milei's Profile
Javier Milei, a 53-year-old economist, is a burgeoning political figure in Argentina, known for his disruptive influence on the country's traditionally two-party system. He's gained considerable support through his bold proposals aimed at addressing Argentina's soaring inflation, which has surpassed 140%. Central to Milei's economic strategy is his advocacy for replacing Argentina's local currency, the peso, with the U.S. dollar. He argues that this move is essential to curb inflation, attributing its cause to excessive money printing by politicians. Consequently, Milei proposes the dissolution of Argentina's Central Bank.
Identifying as an "anarcho-capitalist," Milei introduces a libertarian perspective previously unfamiliar in Argentina's political landscape. He advocates for loosening labor laws and drastically reducing the size of government, believing that these measures would stimulate economic growth. His vision includes the elimination of several government ministries, notably those of health and education, to implement significant budget cuts. Milei's campaign style is as bold as his proposals, often symbolized by wielding a chainsaw, reflecting his commitment to deep governmental cuts.
Javier Milei
Millei holding a chainsaw
Proposal
Javier Milei's major proposals for Argentina focus on a drastic restructuring of the state and its role in the economy. He advocates for a significant reduction in government size, viewing the state as a primary cause of impoverishment due to its excessive size and complex regulations. Milei plans to eliminate numerous bureaucratic positions and centralize policy analysis, aiming to streamline government operations and reduce public expenditure.
Key elements of his plan include reassigning but not dismissing career public employees, while removing all political appointees made in 2023. He proposes cutting privileges for state employees, closing or privatizing public companies, and reducing public spending by 15% of GDP. Tax reductions are also on the agenda, with a goal to eliminate 90% of current taxes that hinder economic activity.
Milei emphasizes the need for labor market modernization and commercial openness. He plans a monetary reform, including the elimination of the Central Bank, to end inflation by allowing Argentinians to trade in their preferred currency. Energy reform is another focus, aiming for an efficient, investment-friendly system with recalibrated tariffs and targeted subsidies for families in need. Additionally, he proposes agricultural reform to reduce tax burdens on the sector and leverage Argentina's potential as an agricultural powerhouse.
Appendix
Exhibit 1
Exhibit 2
Exhibit 2
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