Argentina Elects Populist Javier Milei as President

Argentina’s Economy Minister Sergio Massa conceded defeat to populist Javier Milei in Sunday’s presidential runoff even before the country’s electoral authority released official results. Mr. Massa congratulated his opponent, a right-wing economist who has promised a dramatic shake-up for many of the nation’s institutions and welcomed frequent comparisons of him to former U.S. President Donald Trump. Immediately after Mr. Massa’s concession speech, the Argentine electoral authority released partial results: With 86.6 percent of votes tallied, Mr. Milei had 55.95 percent and Mr. Massa 44.04 percent. With a Milei victory, the country will swing to the right amid discontent over soaring inflation and rising poverty, and empower a freshman lawmaker who describes himself as an anarcho-capitalist and got his start as a television talking head blasting what he called the “political caste.”...