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Argentina’s Election and its “Barrani” Moment

By Eduardo Levy Yeyati

The rise of an alt-right libertarian movement led by Javier Milei points to more than just the failure of politics as usual.

BUENOS AIRES – Much has been said about the growing political discontent throughout Latin America, where a declining percentage of the population is satisfied with democracy – even in countries where social indicators have been improving, such as Chile, Colombia or Peru. The symptoms of this malady are well known: A mistrust of the system; a disenchantment with traditional politics and politicians; a social fatigue prone to explode into civil unrest and massive demonstrations that conflate multiple social demands (on immigration, public transfers, identity politics, access to...

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