In light of recent events and Argentina's political history, it is possible that Milei will manage to overcome this crisis. However, his power will be weakened, as it largely depends on public perception of his ability to manage the country's economy.

The year 2025 is a year of particular relevance for Javier Milei's presidency because he will have to pass the first electoral test since he has been in power.

The problem is that populist leaders and parties, while broadly accepting the rules of the democratic game, have a rhetoric that strains the pluralist component of democracy.

The criticisms of this model by the most judicious progressivism have two solid elements: the increase in poverty and the difficult sustainability of this radical economic program.

The new “carnal relations” between Argentina and the United States are not a simple return to the past, but a reflection of a profoundly transformed global context.

For Milei, if the state has resources after paying debts, there will be public policies. If resources decrease, those policies will decrease in equal measure.