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Will libertarian be Argentina’s next president? Broad discontent fuels rise.

Libertarian Javier Milei is the surprise star in Argentina’s upcoming presidential elections, underscoring a new voting bloc composed of people of all ages, from both the political left and right, who are unhappy with traditional parties.

Waving a roaring, smoking chain saw from the back of a pickup truck at a recent rally, Mr. Milei isn’t subtle about his plans to slash public spending and cut down politics as usual.

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Argentine presidential candidate Javier Milei’s message of cutting out the political establishment – complete with a waving chain saw at campaign events – appeals to a diverse, and growing, political base. But his approach isn’t without social and economic risk.

His incendiary comments about public officials and controversial plans to once again peg the Argentine peso to the U.S. dollar and get rid of the Central Bank have appealed to a nation that’s struggling amid sky-high inflation and a sense that the future is bleak.

Nestor Martínez, a pizza-maker in his early 40s, says he’s drawn to the fact that finally there’s a candidate “proposing different ideas.”

Teenager Sofia Tisera says, “We need to give change a chance.”

But what’s at risk with Mr. Milei’s meteoric rise “is a rupture” in how Argentines have come to see themselves over the past 40 years of democracy, says Paola Zuban, a pollster. Mr. Milei’s approach could shift many of the institutions and social pillars – from public education to abortion rights – that have set Argentina apart in Latin America.

From the back of a pickup truck, Javier Milei grips a red chain saw and shakes it in the air.

Its motor blares and spews smoke as the libertarian economist defining Argentine politics in the run-up to the Oct. 22 presidential election leads a caravan through the streets in the province of Buenos Aires. 

As Mr. Milei swings the chain saw – a nod to his plan to slash public spending and his desire to get rid of politics as usual – he screams, “The caste is trembling. The caste is trembling!” His fans go wild, shouting with approval.

Why We Wrote This

A story focused on

Argentine presidential candidate Javier Milei’s message of cutting out the political establishment – complete with a waving chain saw at campaign events – appeals to a diverse, and growing, political base. But his approach isn’t without social and economic risk.

Mr. Milei surprised many when his party won nearly 30% support in presidential primaries, catapulting the once-fringe economic pundit into the global spotlight. But observers say he’s tapped into widespread discontent among Argentines.

This scene of fervent Milei supporters is a snapshot of what’s being called a “new collective” of left- and right-wing voters united in their disgust for the status quo and for the dominant coalitions that for decades have failed to steer Argentina to prosperity.

And his base is primed to grow. Experts say Mr. Milei has figured out exactly what people want to hear, leaning into tried – and in some cases failed – economic policies of the past, while challenging social mores in a country that has been a trailblazer for human rights in Latin America.

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