The Economist, Javier Milei’s military splurge; many Argentines are asking why
On 9th July, Argentina’s national day president Milei was invited to the lead tank of the grand parade downtown Buenos Aires
Self-proclaimed anarcho-capitalists should be skeptical of large standing armies. President Javier Milei of Argentina seems to relish them. Despite tightening the government purse, he has committed to increasing defense spending from 0.5% to 2% of GDP over the next eight years, aiming to modernize the army.
Argentina currently spends less on defense compared to other South American countries, with most of the budget going towards salaries and pensions. Milei’s increase in spending is also a move to strengthen ties with the United States, switching from Chinese to US-made fighter jets and seeking to become a “global partner” of NATO.
However, the decision to boost military spending raises concerns among Argentines, as health and education budgets are cut. Milei’s idea of using the armed forces against internal threats is unpopular due to the country’s history of military dictatorship. While military investments are essential, it’s crucial to remember past mistakes.