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‘Madman’ Milei Thrills the Rich Who Are Desperate to End Economic Slump

  • From Galperin to Elsztain, Argentina CEOs embrace Milei’s win
  • Argentina bonds, stocks rallied Monday on change expectations

Javier Milei speaks during an election night rally at the party headquarters in Buenos Aires, Argentina, on Nov. 19.

Photographer: Anita Pouchard Serra/Bloomberg
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There is a tango beloved by Argentines known as the ‘Balada para un loco,’ which makes the case that madness is a way of enjoying a life in freedom.

The election of Javier Milei as Argentina’s next president tapped that same spirit. As one tycoon in Buenos Aires put it: Only a madman can do what’s needed to take the country forward.