A “global hegemony” of leftwing politics and ideology is “starting to crumble,” Argentina’s firebrand President Javier Milei told the World Economic Forum.

Milei was in an ebullient mood, cheered on by an appreciative Davos audience. He has some justification for a victory lap after delivering Argentina’s first fiscal surplus since 2009 and wrangling monthly inflation to under 3% — from over 25% when he took office in late 2023.