Mr. Miley is a former Rolling Stones tribute artist turned television pundit turned political leader. Photo: Juan Ignacio Roncoroni/EPA-EFE/Shutterstock
He promised to abolish the Central Bank, replace the Argentine peso with the US dollar, cut social subsidies and halve the number of government ministries.
As a symbol of the deep cuts that he planned to spend, he often campaigned with a spinning chainsaw in his hand.
“I was born in 1977, and this is my fourth economic crisis,” said Alida Aranda, 46, waiting anxiously with his 16-year-old son the opportunity to watch Miley's vote on Sunday afternoon.
“Even our children realized that their pocket money was depreciating, that there was no point in saving. This change will benefit us. Any changes will be good.”
On Monday, Mr. Miley confirmed that he would stop all public works and that “those not completed” would be put out to tender.
He added that he would pursue aggressive and urgent fiscal consolidation measures and likely will lift most of Argentina's currency and trade controls.
High on his list will also be a move towards dollarization, although this is likely. It's a long and volatile process, and he will likely have to restructure the country's $44 billion debt to the International Monetary Fund.
He also promised “limited government, respect for private property and free trade,” adding, that “the pattern of decline has come to an end.”
“It is likely to lead to social upheaval.”
But analysts warned that Mr. Miley's proposed reforms would lead to short-term economic problems.
< p>“Even a light version of Mileonomics is likely to lead to social upheaval,” Richard Lapper of Chatham House told the Telegraph.< /p>
“Sharp cuts in spending are certain to increase poverty and unemployment.”
He warned that Argentina's influential left would fiercely oppose the changes, and that strikes and street blockades were likely.
< p>Ahead of the vote, more than 100 economists wrote an open letter warning that Mr Milea's plans would cause economic “devastation”. and social chaos.
The scale of Mr. Miley's victory was unexpected: he won 21 of 24 provinces.
But despite the biggest margin of victory in the presidential race since the South American country returned to democracy in 1983, the elections exposed deep fault lines and historical wounds.
The self-proclaimed “anarcho-capitalist” has sparked fierce debate by questioning the number of people forcibly disappeared under Argentina's bloody 1976-1983 military dictatorship, denying the role of humans in climate change and opposing feminist politics.
He also has proposed that people should be allowed to sell their own vital organs and opposes abortion, which Argentina legalized in 2020, proposing a plebiscite to repeal the law.
In a last-ditch effort to win over the country's moderates, Miley backed away from some of his more controversial statements, such as easing gun restrictions, and also avoided criticism from Pope Francis, an Argentine who previously called him a “dirty leftist.”
His anger at the left, which is blamed for sending the peso into free fall due to “money printing,” is strong.
Since his election, a recent video has been widely circulated in which he attacks the “woke” establishment and declares: “You can't give an inch to the left.”
His rival candidate Sergio Massa, who is the current economy minister, was widely circulated was considered a “continuity candidate” for the current government, a deeply unpopular administration that was blamed for the economic crisis.
Anti-incumbent sentiment was strong among voters at the polls.
Having admitted defeat on Sunday, Mr. Mr. Massa said: “The Argentines have chosen a different path.”
Mr. Miley has attracted worldwide attention for his aggressive and theatrical style.
During the election campaign, he praised his dogs as his “best advisors” and claimed to be an expert in tantric sex.
p>His girlfriend, actress Fatima Flores, is known for her impressions of the vice-president and former leader of Argentina, Cristina Fernandez de Kirchner.
He is also known to wear the superhero costume of his “alter ego” General Ancap (abbreviated as from “anarcho-capitalist”) to sing about the economic crisis in Argentina.
“The Lion,” as he calls himself, also praised Margaret Thatcher, reviled in Argentina for ordering the sinking of the cruiser General Belgrano, as one of the “greatest leaders in human history.”
“Now we have to give him a chance.”
However, he declared Argentina's sovereignty over the Falkland Islands, which Argentina calls the Malvinas Islands, “non-negotiable.”
“We had a war that we lost and now we must make every effort to get the islands back through diplomatic channels,” he said in the final televised election debate.
In recent weeks, Mr Miley has supported Israel and condemned the Hamas attacks on the country on October 7.
In an interview with The Times of Israel, he said that the Argentine rabbi is his spiritual mentor and that he will move the country's embassy to Jerusalem.< /p>
Political realities may limit some of Miley's more radical ambitions: his party has only 35 of 257 seats in the lower house and seven of 72 seats in the Senate, leaving him dependent on more conservative center-right parties.
Still, the mood in the capital on Sunday evening was jubilant as thousands of supporters arrived, waving Argentine flags, setting off fireworks, honking and singing to popular Latin American rock music.
One voter Massy told the Telegraph that although he was disappointed with the result, “we now have to give it a chance.”
Lorenzo, 31, added: “Maybe I'm wrong.”
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