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The IDEA Colloquium is an annual event that takes place in Mar del Plata, Argentina, and brings together a large part of the country’s business elite. Presidents, CEOs and owners of large national and international companies attend, such as Ternium, Telefónica Movistar, Quilmes, Loma Negra, Ledesma, Banco Galicia, and many other multinationals such as Accenture, IBM, Shell, Bayer, among others.
This event is seen as a space where the “true political caste” seeks to gain the support of the concentrated capital operating in Argentina. During the colloquium, economic and political issues are discussed, and speeches are usually made that reflect the interests of the business establishment. In the current context, it has been mentioned that the motto of the colloquium is “If not now, when. Transform. Invest. Sustain”, which is aligned with the establishment’s support for political figures such as Javier Milei, although in practice the Entrepreneurs continue to save their dollars due to the recession and the current dollar restrictions.
The event has also been criticized for being a “festival of capitalists” who praise the government while benefiting from policies such as tax cuts and money laundering, at the expense of adjustments that affect retirees, students and workers.
Question: Why is Milei called the cuddly kitten of economic power?
Javier Milei has been called the “cuddly kitten of economic power” due to his closeness and favoring of large corporations and the business community during his tenure as president. This nickname was popularized by Myriam Bregman during the 2023 presidential debate, and has persisted due to various actions and policies of her government that benefit the most powerful sectors of the economy to the detriment of the working class.
For example, in his government, figures linked to large companies have occupied key positions, such as Diana Mondino, former director of Pampa Energía and other corporations, and Santiago Bausili, former partner of Caputo and operator of Deutsche Bank. Furthermore, Milei’s economic policies have resulted in a significant increase in poverty and destitution, with fierce adjustment and tariff increases that have hit the working population hard.
In short, the nickname reflects the perception that Milei acts to benefit economic power, prioritizing its interests over those of the majority of the population.
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Source: www.laizquierdadiario.com
