"The signature song of Evita is, of course, "Don't Cry for Me Argentina." Trump probably knows the words back to front. So it's odd, but predictable, that he doesn't seem to know what they mean, given that he is sending billions of dollars to bail out Argentina's flailing economy while pushing belt-tightening during a government shutdown back home. In fact, one might be tempted to ask, "Why does Trump only cry for Argentina?""
"Far-right Argentinian President Javier Milei is a self-described anarcho-capitalist and admirer of the radical laissez-faire policies of the Austrian school of economics. But his attempt to carry out these destructive ideas has plunged Argentina into turmoil. While untrammeled austerity might please international investors, it has provoked fury among ordinary Argentinians, which might manifest in the polls in national midterm elections on Sunday."
Donald Trump has a fondness for the musical Evita and appears unconcerned about the irony of aiding Argentina while pushing austerity at home. Argentine president Javier Milei pursues extreme anarcho-capitalist, Austrian-school policies that have destabilized the economy and angered citizens. Trump and Treasury Secretary Scott Bessent have intervened to stabilize the peso by tapping the Exchange Stabilization Fund to set up a $20 billion credit line and by arranging roughly $20 billion more in private loans. U.S. trade agreements have benefited Argentine agriculture. The U.S. support aims to shield international investors and tamp down domestic political backlash against austerity measures.
Read at The Nation
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