Cacerolazo in Argentina after Milei's repeal of laws against speculation and usury

The president of Argentina, the far-right Javier Milei, this Wednesday on the national radio and television channel, announced a series of neoliberal measures sent to the legislature of that country aimed at deregulating the economy and freeing up tariffs, which generated protests and cacerolazos in the city of Buenos Aires.

The Argentine president informed the population of that country of the 30 measures included in the Decree of Necessity and Urgency (DNU) to deregulate the State. Among the most controversial decisions requested by the newly sworn president is the repeal of the rent law, the Land Act, the Price Observatory Act or the so-called “Modernization” of the labor regime.

The initiative of the Argentine executive also includes the Repeal of the supply law; Repeal of the gondola law: Repeal of the national purchasing law, Repeal of the industrial promotion law, Repeal of the commercial promotion law;. Repeal of the regulations that prevent the privatization of public companies; Repeal of the State company regime; Transformation of all state companies into public limited companies for subsequent privatization; Reform of the customs code. Prohibition of prohibiting exports;. Repeal of the land law, Amendment of the fire law; Repeal of the obligations that sugar mills have with regard to sugar production; Release of the legal regime applicable to the wine sector; Repeal of the national mining trading system and the mining information bank; Authorization for the session of the total or partial shareholding package of Aerolíneas Argentinas; among others.

 

The controversial repeal of control measures in economic sectors, as well as the authorization of privatizations of national companies, sparked protests in several cities in Argentina on Wednesday night, according to several media outlets in that country. 

 

These anti-government demonstrations come a few days after Milei approved a decree to increase repression and prevent social protests, however, local media in Argentina reported cacerolazos and road blocks in the Buenos Aires neighborhoods of Boedo, Recoleta, Balvanera, Villa Crespo, La Boca, San Cristóbal, Saavedra, Flores, Lugano, Parque Chacabuco, Parque Centenario, Parque Patricios, San Telmo, Barracas, Lugano, Caballito, Congress and others. In addition, there are also protests in Lanús, Morón, La Matanza, Avellaneda, La Plata and other cities. They are also registered in Rosario.

Some of the demonstrators are demanding a general strike and under the slogan of “worker unity”, and despite the threats of the Bullrich protocol, it did not prevent the population from coming out to demonstrate their rejection of adjustments and repression.