Milei Declares Government “Incontestable,” Calls for Private Sector Investment in ArgentinaS Future
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Argentina’s President Javier Milei asserted his government’s strength and outlined an ambitious reform agenda during a speech delivered at the headquarters of Corporación América on Thursday. He emphasized the need for active participation from the business community to drive the nation’s economic recovery and signaled a period of important change.
A Mandate for change Following October Elections
Milei stated that the October 26 elections provided his government with a clear “mandate of the people to deepen the direction of change.” He highlighted the government’s current level of popularity, claiming it remains consistent with it’s inception but now benefits from “triple the legislative power.” This increased authority, he explained, comes after a period focused on “organizing public accounts” over the past two years.
“Today we have the possibility of healing 100 years of economic errors,” Milei declared to the assembled business leaders. He was accompanied by the general secretary of the Presidency, Karina Milei, and Corporación América President Eduardo Eurnekian.
Sweeping Reforms on the Horizon
The government’s next phase will prioritize the approval of the 2026 Budget and a series of comprehensive reforms targeting labor laws, the tax system, and the Penal Code. Milei predicted a wave of further reforms, urging the private sector to “fasten your seatbelts.”
He framed this moment as unprecedented in argentine history, stating, “No Argentine experienced anything similar to what we are going to experience in the coming years, and not only economically, but also politically.”
Addressing Argentina’s Economic Past
Milei was critical of past economic policies, attributing Argentina’s struggles to “100 years of populism” and “anti-growth ideas.” He accused previous leaders of relying on what he termed “economic shamanism” – a policy of issuing money in an attempt to control inflation.He also pointed to a history of celebrating sovereign debt defaults and promoting the unsustainable belief that a nation can perpetually spend beyond its means,a practice he labeled “kuka risk.”
“What kept Argentina stuck for so long were anti-growth ideas,” Milei asserted.
A Virtuous Circle of Growth and Cultural Shift
The President expressed optimism about a potential shift towards a “virtuous circle” where economic growth and cultural change reinforce each other. He believes that improvements in quality of life will strengthen voter support and further accelerate economic expansion.
“In October we crossed the rubicon of this process and there is no turning back,” Milei stated, emphasizing the decisive nature of the recent elections. He stressed the importance of “fiscal and political duty” to encourage both savings and investment within the country.
Call for Investment and a Gradual Recovery
Milei acknowledged that economic improvement will be gradual, but assured the audience that “good Argentines will be a little better every day.” He directly appealed to the business community, emphasizing that revitalizing the nation requires both domestic and foreign investment, and that the current environment offers the “correct incentives” for such capital influx.
The President’s visit to Corporación América follows a previous engagement with the company at the end of August, during the inauguration of its new building in Vicente López. That earlier visit occurred amidst scrutiny surrounding allegations of bribery within the National Disability Agency (andis), involving officials Diego Spagnuolo and Eduardo “Lule” Menem.
Milei concluded by reiterating the symbiotic relationship between entrepreneurs and workers, stating, “There is nothing better for a worker than an entrepreneur and vice versa.” He believes that collaborative spaces like the one at Corporación América are essential for building a prosperous future for Argentina.
