Is Argentina’s new economically and socially libertarian President, Javier Milei, mad? That is the impression most left-leaning mainstream Western media would love their readers to gain, to judge by the tenor of most of the sceptical reports about him they have carried ever since his surprise (at least to them) election late last year.

To be fair, however, there is something to this dismissive mainstream media theory. I myself have just written a (necessarily) long article detailing some of Milei’s more extreme alleged eccentricities as part of my regular “Strange Statesmen” column for the popular British magazine Fortean Times. Here are five of the weirdest:

• He had his favourite pet dog, Conan, cloned following its death, and regularly speaks to its spirit, whom he claims now acts as God’s personal right-hand guard-dog up in Heaven.
• He has appointed Conan’s clones to act as a private canine cabinet, the animals now providing him with regular political and economic advice. He thinks one dog is psychic and has thus given it the specific awesome responsibility of seeing into the future, to determine the likely result of his policy decisions.
• He thinks Conan was the reincarnation of a lion from the old Roman-era Colosseum, and that he himself is a reincarnation of a gladiator from this same time-period, the two therefore being very old friends indeed (happily, they never actually fought one another, back in the days of the Caesars).
• He believes that the welfare state is a literal creation of Hell and that his fellow Argentine, Pope Francis, who supports welfare benefits hand-outs to the poor, is therefore an agent of Satan – or a “Communist turd”, as he prefers to put it.
• He claims to possess the ability to conjure up the ghosts of famous dead economists and libertarian social thinkers like Ayn Rand in order to run his ideas past them.

So, yes, to be fair, Javier Milei may well indeed be mentally ill. To me, however, the true question is not whether or not El Loco (‘The Loony’, as he is nicknamed at home) really does think he gets his policies from psychic dogs and the ghost of Ayn Rand. It is whether or not these policies, unlike the deranged mind they emanate from, are sane or not that is the true important matter.

A funny thing happened on the way to the Forum

Many of Javier Milei’s public policy goals seem perfectly sane to me, particularly those he gave voice to in a much-discussed speech to the 54th annual meeting of the World Economic Forum (WEF) held over in Davos, Switzerland, on January 17 (full text here).

The WEF, of course, is the home of various rather mad ideas itself: the ruinous race towards Net Zero and the Great Reset, the increasing abolition of physical cash in favour of easily-abused electronic currencies, the facilitation of a borderless world, the blind worship of transgenderism, BLM, LGBTQWERTY nonsense, and the entire stifling corporatist DEI agenda – not forgetting, of course, their bizarre alleged desire to push everyone into eating insects, and the sinister slogan of neo-serfdom promoted by the WEF’s head, Klaus Schwab, that “You will own nothing and be happy”.

Most such WEF ideas are far loopier, dangerous and more unworkable than Milei’s own economic and political (if not dog-related) ones have ever been, something Mr Milei was “insane” enough to stand up in Davos and declare to the attendees’ faces. Perhaps surprisingly, rather than immediately just throwing him out, they gave him a round of rapturous applause. Maybe here, at last, was a case of a little boy being rewarded for standing up in front of Emperor Schwab and telling him that he and his globalist acolytes had no clothes?

One of the key globalist organisations whose representatives were present to clap along that day was the International Monetary Fund (IMF). It strongly approves of El Loco’s plans to reinvigorate the Argentinian economy.

At first, this seems odd. As Milei is notoriously anti-globalist, why would the equally notoriously pro-globalist IMF be giving him its endorsement? Maybe, having doled out billions in loans to Argentina and its dismal, perpetually failing economy without ever being properly repaid in recent decades, they just wanted their money back? With Argentina’s annual hyperinflation rate running at 140 percent, and 40 percent of the population living in poverty, there seemed little hope of that under the rule of the previous few left-wing administrations.

As free-market-friendly Milei hopes to administer a dose of Thatcherite-style “shock therapy” to the nation by slashing government spending and (initially) raising taxes to pay Argentina’s debtors off, thereby hopefully cutting inflation and boosting growth in the long-term, the IMF appear to view Milei’s prescription as the best chance Argentina now has to edge back towards solvency.

In Milei’s analysis, under the disastrous, decades-long rule of the ideological descendants of the nation’s former dictator Juan Perón, known as Justicialistas (i.e., dispensers of social justice), the centralised state grew far too powerful, creating a gigantic client-electorate out of the ordinary citizenry, by doling them out an endless stream of over-generous welfare-benefits. This process of continual voter-bribery only ended up bankrupting the country, he said, thus making the poor ever more reliant upon government welfare cheques to survive – a vicious economic circle which, pre-Milei, was continuing ad infinitum, making everyone poorer with each passing year.

As one popular definition of madness is repeatedly performing the same action and expecting somehow to gain a different result, then by this logic, the policies of Argentina’s politically mainstream rulers were actually the mad ones, and Milei’s supposedly insane free-market break with fiscal tradition – whilst undoubtedly risky – was the sanest action left in the government policy chest.  

Poverty of ambition, or an ambition for poverty?

What did Milei’s Davos speech actually have to say? He warned that: “Today I’m here to tell you that the Western world is in danger” because “those who are supposed to … defend the values of the West are co-opted by a vision of the world that inexorably leads to socialism and thereby to poverty.” International businessmen and politicians like those in the audience at Davos were meant to promote actual capitalism, but instead had been morally brainwashed into supporting a sort of backwards pseudo-capitalism instead, of a sort often termed “stakeholder capitalism” by WEF-men like Schwab – which, in Milei’s terms, was little more than socialism rebranded.

To say the West today was Communist seemed initially paranoid and “ridiculous”, Milei admitted, “but it’s only ridiculous if you limit yourself to the traditional economic definition of socialism, which says that it’s an economic system where the state owns the means of production” via the enforced nationalisation of all industries. Instead, a far more effective invisible Communist coup of society as a whole had today been engineered by leftists, who had successfully replaced the traditional class struggle with a new, woke, identitarian social struggle mislabelled as “social justice” instead – what is often termed “Cultural Marxism”.

This sought primarily to redistribute social capital instead of economic capital – i.e., restructuring Western society away from its most powerful traditional overlords of white, straight males. By claiming that to restructure society away from such individuals and towards others was the “moral” thing to do, leftists had successfully managed to capture politics, academia and the media, and thereby mentally reprogram even the assembled corporate minds of Davos to go against their own clear and legitimate business interests and tie themselves up in endless DEI nonsense which, in the long run, did nobody any actual good, and actually made their profits go down, as with the current state-enforced Long March towards Net Zero.

The main example Milei cited was that of “the ridiculous and unnatural fight between man and woman” falsely engineered by the left: “All that the radical feminism agenda has led to is greater state intervention to hinder [the] economic process, giving jobs to bureaucrats who have not contributed anything to society.”

He had particularly in mind here “Ministries of Women”, the Argentinian version of which Milei has promised to abolish as an unnecessary producer of wealth-strangling red-tape. Businesses which wasted time and cash on piously trying to do things like “eliminate the gender pay-gap” were neglecting their core duty of earning more profit. After all, maybe a more profitable firm would be able to pay all their employees more, men and women alike?