The far-right government, by implementing “the greatest adjustment in the history of humanity,” in the words of Javier Milei, is hitting Argentine industry. The critical situation of the industrial sector, a consequence of the collapse in consumption, exposes the most vulnerable aspects of economic policy of the current administration.
Nine months after Milei came to power, the closure of companies and factories recalls the worst moments of the 1990s government of Carlos Menem, a politician admired by the current president. The cocktail, a mixture of destruction of factories, opening of imports and transfer of the population's income to the sectors of economic power, is accentuating the recession.