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.
Argentine President Javier Milei announced Wednesday that his country would purchase second-hand US-built F-16 fighter jets from Denmark, which would represent “the biggest advance in Defense in the last 20 years” according to a social media user eventually validated by the head of state.