Buenos Aires high society flocked to the Alvear Palace hotel — an old-world shrine to Argentina’s wealthy past with crystal chandeliers, marble floors — to listen to one man rip them apart over a breakfast of coffee and pastries.
They were there for Javier Milei, the frontrunner to become president of one of the world’s most broken economies in Oct. 22 elections. When he spoke the packed conference hall went quiet in expectation, in marked contrast to the indifferent chatting heard along the corridors during the presentation of his chief probusiness rival Patricia Bullrich.
Two executives liked what they heard but worried about the feasibility of Milei’s plans, while a third described him as “un tipo simpatico” — a nice guy. The ruling Peronist party and the probusiness Juntos por el Cambio alliance have been used to alternating power for years as Argentina’s two main coalitions.
Despite her coalition securing a close second place and winning her primary by a large margin, Bullrich’s campaign is still reorganizing itself after Milei pulverized her hopes for a easy path to the presidency. Part of the dilemma for established parties is that Milei’s popularity, just like in the case of Trump, seems immune to scandal. Before the campaign, local media reported Milei allegedly made candidates who wanted to run on his ballot pay him money. He strongly denied the allegations and voters didn’t seem to care.
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