Argentina's newly-elected president Javier Melei has sent an omnibus reform bill to Congress (where his opponents hold a majority) which includes radical downsizing of the state, election reform, strictly limiting protests, and granting him dictatorial powers over "economic, financial, fiscal, pensions, defense, tariff, energy, health, administrative, and social matters until December 31, 2025."
Milei Brings His Chainsaw to Argentina's Regulatory State | Reason | Katarina Hall:
"The first measure in the bill calls for the declaration of 'a public emergency in economic, financial, fiscal, pensions, defense, tariff, energy, health, administrative, and social matters until December 31, 2025.' If approved, this would mean that Milei would have both the executive and legislative powers and would be able to decide on issues that are currently only regulated by Congress. The measure can be extended for up to two years.
"An entire chapter of the bill is dedicated to privatizing several state-owned companies in order to generate 'greater competition and economic efficiency, reduce the tax burden, improve the quality of services, promote private investment and professionalize management.' The bill mentions 41 companies it proposes to privatize, including the flagship airline Aerolíneas Argentinas, the oil company YFP, the country's largest bank, Banco de la Nación, the news agency Télam, the water company AYSA, the Argentine mint, and the country's rail system....
"The bill proposes to eliminate the primary elections and switch to a single-ballot system. It also seeks to move the chamber of deputies from a system that determines the number of representatives proportionally with the population to one of single-member constituencies.
"The bill also extends the government's new anti-protest measures, increasing penalties to up to four years in prison for those who use arms to disrupt public transportation and up to five years for those who 'direct, organize, or coordinate a meeting or demonstration that impedes, hinders or obstructs circulation.'
"Another chapter specifically addresses oil and seeks to ensure affordable oil supplies by leaving prices up to the market.,,, The new bill will not allow the executive branch 'to intervene, or fix, prices in the domestic market.' Other measures in the bill include the resale of sports tickets with 'no limit to the number of times such operation may be carried out;' the authorization of self-driving cars for individuals, passengers, or cargo; abolishing price ceilings on rent; easing price caps for private health services; and 'express divorces.'
"The measures will be reviewed by Congress during the extraordinary sessions that began this week and will last until January 31. But Milei's opposition, which holds the majority of seats in Congress, has vowed to not let the decree pass. Meanwhile, protests have sprung up in response to the omnibus bill. Several social organizations took to the streets in Buenos Aires, and Argentina's main labor union called for a general strike on January 24 in protest against the reforms."
Read more: https://reason.com/2023/12/29/milei-brings-his-chainsaw-to-argentinas-regulatory-state/
The Game-Changer: Milei's Economic Revolution | Javier Milei English | December 30, 2023:
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