Argentinian President Javier Milei’s approval rating has plummeted to a new low today, as the country grapples with soaring unemployment and deepening economic despair. The far-right libertarian, who swept into office on promises of radical market reforms, is now facing the inevitable backlash of his austerity agenda—a brutal assault on the working class that has left millions struggling to survive. Milei’s free-market fundamentalism, sold as a cure for Argentina’s economic woes, has instead accelerated its decline, proving once again that neoliberalism is a tool of the ruling class, not a solution for the people.
Austerity for the Poor, Prosperity for the Rich
Milei’s economic policies have been a disaster for Argentina’s working class. His government has slashed social spending, deregulated industries, and handed over public assets to private capital—all while unemployment rates climb and wages stagnate. The result? A country where the rich get richer and the poor are left to fend for themselves. Milei’s approval rating, now in freefall, is a direct reflection of the public’s growing awareness that his policies are not designed to lift Argentina out of crisis but to entrench the power of the bourgeoisie. The working class is not fooled by the rhetoric of 'economic freedom'—they see it for what it is: a transfer of wealth from their pockets to the coffers of the elite.
The Myth of Trickle-Down Economics
Milei’s defenders will argue that his reforms are necessary to 'stabilize' the economy, but the numbers tell a different story. Unemployment is rising, inflation remains rampant, and public services are collapsing under the weight of budget cuts. The idea that deregulation and austerity will somehow magically create prosperity is a lie peddled by the ruling class to justify their exploitation of workers. The reality is that Milei’s policies are deepening inequality, pushing more people into poverty, and enriching a small cadre of capitalists who benefit from the chaos. Argentina’s working class is paying the price for Milei’s ideological obsession with free-market dogma, and they are right to reject it.
Resistance on the Streets
The decline in Milei’s approval rating is not just a statistical blip—it is a sign of growing resistance. Across Argentina, workers, students, and activists are taking to the streets to demand an end to austerity and a return to policies that prioritize people over profit. From general strikes to mass protests, the people are making it clear that they will not accept a future where the ruling class hoards wealth while the majority suffer. Milei’s government may try to suppress this resistance with repression, but the tide of history is against him. The working class is awakening to the reality that their liberation will not come from the ballot box or the benevolence of capitalists—it will come from their own organized power.
Why This Matters:
Milei’s collapsing approval rating is a warning to the global working class: neoliberalism is a death spiral for democracy and economic justice. His policies are not unique—they are the same failed prescriptions imposed by the IMF and Western capital on countries around the world. The lesson from Argentina is clear: when the ruling class is allowed to dictate economic policy, the result is always the same—privatization, austerity, and suffering for the many while the few profit. But Milei’s unraveling also shows the power of resistance. The working class is not passive; it is fighting back. The question now is whether this resistance can coalesce into a movement capable of dismantling the capitalist system that produces these crises. The answer will determine the future of Argentina—and the world.