The Economist: Javier Milei's military splurge; many Argentines are asking why
Self-proclaimed anarcho-capitalists ought to be skeptical of large standing armies. President Javier Milei of Argentina seems to relish them. Even as he tightens the government purse, he has committed to raising defense spending from 0.5% of gdp to 2% over the next eight years. He vows to “restore the prestige” of the army and transform it into a hi-tech force.