According to Greece’s former finance minister, Yanis Varoufakis, Argentina’s president-elect Javier Milei is “no anarcho-capitalist.” The former finance minister said Milei’s plan to fight inflation with dollarization “is like nuking a country to get rid of Covid-19.”
Milei a Dictator in Libertarian Clothing
Former Greece finance minister and anti-capitalist, Yanis Varoufakis, has warned that Argentina’s incoming president Javier Milei is “no anarcho-capitalist” as many libertarians would like to believe. Instead, Varoufakis, now an economics professor, said he sees the far-right winner of the Nov. 19 poll as another (Jorge Rafael) Videla but in libertarian clothing. Videla was Argentina’s military ruler between 1976 and 1981.
The remarks by Varoufakis, who led Greece’s debt renegotiation talks with the European Central Bank (ECB) in 2015, followed reports that Milei is planning to honor his promise to abolish the country’s central bank. In addition to shutting down the central bank, Argentina’s president-elect has reportedly promised to privatize the state energy company YPF and dispose of all public broadcast networks.
Milei is no anarcho-capitalist. Robert Nozick (author of ANARCHY, STATE & UTOPIA) was that. No, Milei is a new Videla in libertarian clothing determined to end the mere possibility of Argentinian democratic sovereignty. As for dollarisation vs inflation, it is like nuking a… https://t.co/QR2IZGC3A8
— Yanis Varoufakis (@yanisvaroufakis) November 20, 2023
Milei’s unorthodox solutions to problems afflicting Argentina similarly piqued the interest of many bitcoiners and crypto enthusiasts around the world. In addition, Milei’s past positive remarks about the crypto assets have greatly endeared him with the bitcoin community.
However, in a post on X (formerly Twitter), Greece’s former finance minister rejected the notion that Milei is proving to be an anarcho-capitalist. Instead, he said he sees the American philosopher and author Robert Nozick as the real anarcho-capitalist.
Varoufakis Against the Use of Dollarization as an Inflation-Fighting Tool
According to Wikipedia, anarcho-capitalism is an anti-statist, libertarian political philosophy and economic theory. This theory is supported by those who advocate for the replacement of centralized states with stateless societies with “systems of private property enforced by private agencies.”
#ARGWatch: In celebration of Javier Milei’s election victory, Argentines have headed to the streets, where they are ripping up their worthless pesos and using them as confetti.
Finally, it looks like Argentina will DITCH THE PESO & OFFICIALLY DOLLARIZE.pic.twitter.com/rVLol2ahcb
— Steve Hanke (@steve_hanke) November 20, 2023
Meanwhile, as previously reported by several media outlets including Bitcoin.com News, Milei had pledged to dollarize the economy. Many experts, including Johns Hopkins economics professor Steve Hanke, support the president-elect’s idea of reining in inflation by dollarizing the Argentine economy
However, concerning Milei’s plan to fight Argentina’s runaway inflation via dollarization, Varoufakis said:
“As for dollarisation vs inflation, it is like nuking a country to get rid of Covid-19. Argentinians deserve our solidarity in the nightmare they are about to descend.”
What are your thoughts on this story? Let us know what you think in the comments section below.
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