In recent remarks, Argentine President Javier Milei has turned his attention to prominent industrialists, similarly to how Kirchnerism addressed the agricultural sector. He has publicly accused several key figures in the industry of charging excessive prices and profiting from Argentina's protectionist policies, suggesting they are adversely affecting the country's hardworking citizens. Among those singled out is Paolo Rocca, head of the Techint Group, a major employer with substantial investments planned for the future, and Javier Madanes Quintanilla, owner of FATE and Aluar, the country's leading aluminum producer.

Milei's criticisms raise questions about the government's stance on business and its implications for industrial policy. Notably, while Brazil imposes a 35% penalty on imports of Chinese aluminum, Milei's administration has removed tariffs that previously safeguarded domestic producers from such competition. This approach seems to resonate with Milei's electoral base, particularly in light of ongoing discussions about a Labor Reform agenda that could be perceived as favoring enterprises.

As concerns over inflation persist, some observers speculate that Milei's remarks may also serve as a distraction from the challenges of effectively reducing inflation in Argentina. The political climate suggests that these criticisms of industrialists are designed to galvanize public support amidst economic turbulence, highlighting the tensions between government policies and business interests. Overall, Milei's approach points to a potential shift in the relationship between the state and major industry players in Argentina.