 Why did thousands of Argentines go out in the streets to protest their new president? When Javier Millay became the first self-described libertarian head of state in history, he explained that to avert economic disaster in a country facing huge deficits at a hundred sixty percent inflation rate, things would likely get worse before it could get better. Just like the fall of the Berlin Wall, at the end of a tragic time for the world, these elections have marked the breaking point of our history. No government has received a worse inheritance than the one we are receiving. We do not seek or wish for the hard decisions that we will have to make in the next few weeks. But unfortunately, we have no choice. Ten days into his term, Millay issued a mega decree of more than 300 executive measures. He abolished national rent control, which had caused a 75% drop in available apartments in Buenos Aires between 2022 and 2023. He repealed price controls, slashed subsidies, and fired more than 5,000 government employees. He allowed direct competition with Argentina's government-owned airline, which he plans to privatize. And he defied the country's powerful labor unions. The strike was organized by the General Confederation of Labor, Argentina's largest labor union, which represents one out of every five Argentine workers. Millay issued an order ending the automatic withholding of union dues, leaving workers free to opt out. And he banned government workers in sectors like health and education from striking. A court ruling temporarily suspended these measures. But in the meantime, unions are making a show of force so that Millay's agenda doesn't make it through Congress. He doesn't have the pulse to adjust to the courts, to adjust to health, to adjust to education. The truth is that he is another more liberal government than Argentina, and we are here to defeat him, obviously. Javier Millay has a seemingly impossible job. But he also has a clear vision for a freer, less regulated, and less debt-ridden Argentina. And he's exceptionally skilled at communicating that vision. Capitalism of free companies is not only a possible system to end poverty in the world, but it's the only morally desirable system to achieve it. If measures are adopted that enthuse free labor in the markets, the only possible destination is poverty. But there are powerful political interests determined to stop him. Millay's main political adversaries aren't Argentina's workers. In fact, the self-described anarcho-capitalist is actually pushing to increase welfare in the short term to ease the pain for the working class during this transition to a new economic model. As Argentine political economist Marcos Falcone told Reason, his adversaries are actually wealthy Argentines who've benefited from government largesse. Millay is going against current capitalism because he is basically trying to tell the businessmen that have lived off of government support, you are done, this is over. We need to move forward and the people need to be able to profit, not just companies because of regulations and privileges. This is the only political class that wants to be perpetuated in power and to maintain their privileges. You are social benefactors, you are heroes, you are the creators of the most extraordinary period of prosperity that we have ever lived. No one tells you that your ambition is immoral. If you make money, it's because you offer a better product, a better price, contributing in that way to general welfare. Millay faces a thicket of regulations and political resistance. It will not be easy. We'll have to wait and see if he picked the right chainsaw for the job.