Argentina's Presidential Run-Off: A High-Stakes Election

In Argentina, the polls opened on Sunday for a crucial presidential election that will see far-right libertarian Javier Milei go head-to-head with the left-leaning economy minister Sergio Massa. Recent polls have indicated a close race between the two candidates, as they present drastically different plans for the country, which is currently facing some of the highest rates of inflation globally.

Milei's unexpected rise in the race can be attributed to his attention-grabbing campaign tactics, such as brandishing a chainsaw at rallies to symbolize his strong commitment to reducing government expenses. One of his key policy proposals, which has gained significant attention, is the adoption of the US dollar as Argentina's national currency - a move unprecedented for a country of its size.

On the other hand, Massa is a seasoned politician whose candidacy represents the established political order, in stark contrast to Milei. Despite rampant inflation, with a staggering 142% increase year on year, Massa maintains that the current government's efforts are yielding positive results. In fact, he highlights that inflation in October was 35% lower than in September, suggesting that their actions are already making a difference.

Massa played a key role in the 2020 legalization of abortion in the country and advocates for addressing climate change. On the other hand, Milei opposes abortion and is skeptical about climate change. This closely monitored election serves as a current examination of far-right populism in the area, with former Brazilian President Jair Bolsonaro endorsing Milei's candidacy.

Polls close at 6 p.m. local time (4 p.m. ET) with a quick vote count expected.