Making the Americas great again
The New World is waking up and rejecting socialism
COMMENTARY
By Editorial Board - The Washington Times - Friday, October 31, 2025
OPINION:
International experts wrote off Javier Milei as a flash-in-the-pan. Pollsters waved charts insisting the wild-haired libertarian economist who claimed Argentina’s presidency 2023 was doomed as his party headed into the midterm elections on Oct. 26.
The critics couldn’t have been more wrong. Mr. Milei’s team cleaned house, grabbing 40% of the vote, compared to just 24% for the Peronist faction. “This resounding victory for La Libertad Avanza is a triumph of the Argentine people’s unyielding spirit for freedom, prosperity, and the defeat of the socialist scourge that has plagued our nation for far too long,” Mr. Milei wrote on X.
He also thanked President Trump and Treasury Secretary Scott Bessent for their shared belief in “MAGA” — making both Argentina and America great again. On the eve of voting, the U.S. Treasury signed a $20 billion economic stabilization agreement with the Central Bank of Argentina to ease the panic caused by media Cassandras following party losses in a few local elections.
Pundits proclaimed pro-freedom candidates had no chance in the midterms, and anxious investors were terrified that the Marxists would return. Mr. Trump soothed their fears.
“I’m doing something I don’t often do, I’m giving a full endorsement to him,” Mr. Trump said in a September meeting with Mr. Milei. “To the people of Argentina, we’re backing him 100%, we think he’s done a fantastic job. He, like us, inherited a terrible mess, and what he’s done to fix it is good.”
Instead of bribing voters with endless parades of subsidies and giveaways, Mr. Milei took a chainsaw to government waste and inefficiency. He slashed regulations. He implemented every scheme on the public policy wish list of free market economists, and the results were transformative.
Fans of big government solutions derided Mr. Milei as “crazy,” “radical” and “insane,” yet he turned a financial basket case into something closer to a functioning economy with a balanced budget. The inflation rate went from 211% to 31%. That’s still too much, but Mr. Milei has more to do before facing the electorate a second time in 2027. Until then, his success is inspiring neighbors to give liberty a chance.
Taking note of Argentina’s fiscal rehabilitation, the people of Bolivia cast out the socialist candidate for the first time in two decades. Rodrigo Paz scored 55% of the vote on a platform that seeks to strengthen ties with Washington, not Beijing and Moscow.
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READ MORE: https://www.washingtontimes.com/news/2025/oct/31/editorial-making-americas-great/
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