Have Argentinians Finally Had Enough of Peronism's Old Tricks?

Civitas Institute ^ | 11/11/2025 | Juan Martin Morando

[E. Pluribus Unum]

Milei faces a daunting challenge: to lead profound change while maintaining public support. Only time will tell whether he is up to the task.

‍On Sunday, October 26th, President Javier Milei received a resounding show of support from the Argentine people. Nobody — not even Milei’s inner circle — thought a win was possible. Despite the restored macroeconomic order, falling inflation, and a stronger peso, ordinary people continue to struggle in their daily lives. The warning signs were there: just a month earlier, on September 7th, Milei’s party La Libertad Avanza suffered a disastrous loss in Buenos Aires Province, trailing Axel Kicillof’s Peronists by a staggering 16 points. The result seemed to foreshadow yet another overwhelming left-wing comeback — a return to Argentina’s old habits.

The results were catastrophic: the peso lost almost 5 percent of its value against the U.S. dollar, Argentine shares plunged 24 percent on Wall Street, and the country risk index soared nearly 200 points.

The shock strengthened Peronist and other opposition legislators, who saw the turmoil as the perfect moment to lift President Milei’s vetoes on laws that deepened the fiscal deficit. Meanwhile, the media began portraying a government that looked groggy and off balance, facing two long years still ahead in office. But, unbeknownst to all of them, Argentinians proved we had enough. The old Peronist tricks that once worked so well now look about as effective as Wile E. Coyote’s.

To understand what happened last Sunday — and what’s happening in Argentina — it’s worth recalling where we come from.

Juan Domingo Perón was a general who rose to prominence through his roles in authoritarian regimes. As a young captain, he took part in the 1930 coup that overthrew Hipólito Yrigoyen’s government. By 1943, as a colonel, he was a key figure in...

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TOPICS: Foreign Affairs
KEYWORDS: spammingfr

[Uncle Miltie]

Millei is up to the task.

Are the Argentines?