Mauricio Macri wins the national elections to become the new President of Argentina. Demotix/Javier Gallardo. All rights reserved.
Macri's government started with an unprecedented pressing by the Executive Branch: it is the first government since 1983 that has not convened the customary special sessions at the National Assembly. Lacking a majority in both chambers of parliament, he took the decision to impose a winner-takes-all logic.
By abolishing taxes on food exports, he quickly paid his allies for their support with a sharp reallocation of income to the agribusiness sector. As expected, this has caused a massive and uncontrolled price rise in the country’s supermarkets. The other radical measure is the deregulation of imports, by which he has paid its coalition of transnational corporation CEOs faster than - even they - expected.
