Milei's Ultraliberal Economic Policy Has Led to the Closure of More than 30,000 Companies Since the Beginning of His Presidency.

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"Monday don't come. Unfortunately, the decision we have to make is to close the factory." Santiago Phelan played in the Argentine rugby team, known as Los Pumas. Then he was his coach, and later partnered with Armando Anasal to found the Will Der textile, which produced sports clothing for brands such as Adidas, Puma, Fila and New Balance. Javier Milei's economic policy, which privilege imports and the cheap dollar, made continuity unfeasible, a…

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Javier Milei’s economic policy has led to the closure of more than 30,000 companies in Argentina since December 2023. I have contrasted the data with the report of Fundar and the Superintendency of Labor Risks (SRT): 30,633 companies have stopped operating while the model prioritizes imports and a cheap dollar. The last case is the textile Will Der, supplier of Adidas, Puma, Fila and New Balance. Santiago Phelan, former player and former trainer…

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Since the inauguration of Javier Milei at the end of 2023, the business landscape in Argentina has experienced a historical setback. Policies of adjustment and economic opening have hit the country’s productive structure hard, resulting in the closure of more than 30 thousand companies in less than a year. A historical setback: less [...]