Seven months after arriving at the Casa Rosada, Javier Mili continues to exercise power despite having almost the entire political leadership and institutions against him.
The first revolution was the financial revolution. Yesterday, Minister Luis Caputo announced that the unrestricted surplus continued into June. Last month's fiscal surplus was 238 billion pesos. The surplus per semester is 0.4 of GDP.
If you consider that there have been primary deficits in 48 of the last 63 years and fiscal deficits in 57, you have an idea of the scale of the change, something that no one believed was possible, especially among economists. The media and the party leadership make their views known, mainly responsible for the fiscal imbalances that have plunged the economy into its current state of disrepair.
The surplus resulted from brutal cuts in public spending using a shock system. For example, subsidies were reduced by 43%. Politicians have been known to refuse to pay the electoral cost of marginal adjustments to hyperinflation. But the case has no political cost, according to almost all polls that give the president 50% approval. If there is no political cost, it is because of the second revolution, the culture, that Millet is not responsible for as a lawyer, but he discovered it before anyone else.
The support the president has from the majority of his constituents is less personal devotion than the ideas he defends. His historical studies and misplaces have not undermined the belief of a majority sector of society that change is essential after 80 years of demagogic and populist failures. Hence the patience of hard-hit sectors through adjustment: not so much the immediate outcome, but the expectation that the current path will break out of the circular path of failure and misery.
The support raised by Milei created a type of leadership with little precedent. It's not a charismatic leader, or someone who promises an attainable paradise, but someone who voters trust to make a difference. As Patricia Bullrich said yesterday “It goes deep; It does not have reverse gears.
This perception of the electorate is bad news for Mauricio Macri, who had an opportunity and lost it. He tried a “middle path” of reconciling the interests of the power factors and almost ended in disaster.
This is bad news for Peronism, though for other reasons. Peronism rejects any change because it is fundamentally conservative, but this situation defeats it. Axel Kicillof is doing a pirouette to disapprove the big investment promotion regime (RIGI), because the state of Rio Negro is going to take a 30 billion dollar subsidy for the construction of a gas plant. The governor is a teenage-faced man, but at the same time a walking anachronism. It can't be easy for Mli.
