Trump and Elon Musk’s hatred is related to Argentina. This is the method

Last week’s Billionaire breaking up Tesla CEO Elon Musk and Presidents Donald Trump were explosive in the tango dance and performed well.

In Latin America, a country has been a laboratories on the hard right in recent years: Argentina. Musk and Trump both bought Argentina’s version of the conflict that explains the origins of their epic conflict, even if Musk shows early signs of regret

Musk Zoom in the post On Saturday, Milei’s grim austerity campaign cheered, cutting public spending into clever politics. Musk and Miley too Appear together At a conservative meeting in February, Trump’s magazine campaign was packaged as the latest U.S. export to “make Argentina great again.” trump card Meet There was Miley at that time.

Musk longs for Trump to rule Milei like Milei Disassembly nation. Instead, he gotevita” – Love Tariff enthusiasts were closer to the strong government policies of Argentina President Juan Perón in the 20th century. Call it American Perrisism.

Former Treasury Secretary Larry Summers “Trump is making all the classic Argentine mistakes.” said in April. “Our own Juan Peron.”

JPMorgan Chase sees Perón as a cautionary tale. one Can report Banks warn that the U.S. could risk repeating Perron’s worst mistakes by imposing tariffs on foreign products, infringing on the Fed’s independence to set interest rates and pursue other unstable economic migrations. It does not name Trump in the case of doing so.

Perron similarly bypassed the nationalist agenda, which borders left-wing fascism. He built walls of trade barriers to protect Argentina’s economy from foreign exports and supercharged domestic manufacturing. He also improved currency printers to repay cash and pay cash for job poverty and key constituencies with scarce budget deficits.

These policies have led to prosperity, busts and bailout cycles that still capture Argentina decades later. “Like Peronism, Trumpism will make the United States a less stable democracy with a lower quality and more economical political awareness.” Alternative Popular Economic CommunicationTell Quartz, adding that it will lead to higher inflation and lower growth over time.

There is no need to observe early warning signs of Musk’s final conflict with Trump. It begins with simplicity in trade. SpaceX founder shortly after the November election Posted on X Milei’s cutting import taxes on foreign purchases was a “good move”.

Musk made most of the low-level criticism in public at the beginning of Trump’s second term Work in private Cancel the tariff. When the Alliance burns, the scorching earth replaces soft touches.

“Trump tariffs will cause recession in the second half of this year,” Musk posted on X during the showdown with Trump. Two days later, he fell down that post.

Trumpism and Peronism sit on different branches of populism. Both are authoritarian, hostile to the political elite and attractive to the working class.

“Given the “personality worship” and the dictatorship’s boundaries with the dictator, their embrace of conspiracy theories, the United States or ideas, and their embrace of Digrigst and nationalist economic agendas, a broad comparison of Trumpism and Perrisism.”

Trump has switched to political parties five times, so he has not adhered to a single ideology. Peron’s wife and political ally Eva may be more affinity for Trump. “My favorite Broadway show is Andrew Lloyd Webber’s ‘evita’,” Trump explain In a 2004 book, he added that he read it six times. Some Observer ends Year Point out Trump tends to take pictures from the balcony, Evita style. He was also known as “evita” by Democratic Rep. Alexandria Ocasio-Cortez in New York In a few occasion.

Nevertheless, any comparison between two movements in different countries Take the risk of concealment Michael Paarlberg, a political science professor at Virginia Commonwealth University, said. Peronism is a broad political camp focused on workers’ rights, characteristics and social inclusion. Trumpism revolves around political and cultural dissatisfaction, while other topics are snatched away.

“[Trump] Of course it is an economic nationalist, and in this sense, the Perrisians overlap. But he has no comprehensive vision for economic development,” Palberg told Quartz. “He is not a theorist. He is not a thinker. ”

Trump’s domestic policy bill includes suite Tax cut regulations, including taxes on tips and overtime pay. However, most of the benefits are expected to flow to the top 5%, while keeping the poorest families in poor financial situations. Score player based on non-party budget In Congress. The legislation Trump-backed has not created new curriculum for the Republican Party, but is aimed at cutting tax cuts for businesses and the wealthiest Americans to stimulate growth in a standard Republican orthodoxy.

Tesla CEO Elon Musk and Argentina President Javier Milei were at the February conservative political action meeting.

Saul Loeb/AFP via Getty Images

Milei has used shock therapy to stabilize Argentina’s economy for more than a year, a guerrilla enthusiasm. He has Clear Peronism symbol From government buildings, energy and transportation subsidies were eliminated and regulations that attracted foreign investors were removed. Since taking office, self-proclaimed anarchist capitalists have also flocked to the United States at least and face to face with almost all of these visits, According to the New York Times.

The political breakup between Trump and Musk put Miley in an awkward position. Despite Milei’s efforts to create a more friendly business environment, foreign capital has not been flooded. Investors are still off the market. Last year, Argentina attracted less than $1 billion, compared to before the pandemic Bloomberg report.

Miley has achieved other achievements: inflation has not soared as before, and his administration has a budget of the right size.

But there is almost everything from groceries to public transportation. Rendering Argentina is the most expensive country in Latin America. When visiting Buenos Aires early this year, I saw a clerk from a small bookstore approaching a clerk about the price of a new children’s book. He asked if it was 1200 pesos. This is equivalent to a price of over $1 – bargaining anywhere. Many new books cost at least $20 or more around Argentina capital.

But the customer misunderstood the price. The clerk chuckled and answered a little humor: “There is no more 1,200 pesos in Argentina, and there is no more mineral water.”

Protests and occasional strikes have opposed the quality of life that is downgraded. “When you go shopping these days, it’s like paying [without] EUR. “Cristian Laferrerere, 52, said he was a disabled pensioner at the demonstration of Mili policy near the Argentina presidential palace. “We don’t live in Europe. ”

Peronism was eliminated in Argentina’s last election. But Peron’s style of economics has at least taken a new foothold in the United States. Ross Levine, Senior Researcher In the Hoover agency, this says: “The U.S. is taking steps in the direction of many other countries, and that has not led to very prosperous results,” he told Quartz.