Supporters of Argentine President-elect Javier Milei.

It is tempting to view the win in Argentina by far-right libertarian economist Javier Milei followed by the first-place finish in the Netherlands by the anti-Muslim firebrand Geert Wilders as evidence of a global movement. But it would be a mistake to view these two earthquakes as part of the same tectonic pattern.

Argentine President-elect Javier Milei.

The big question hanging over Argentine President-elect Javier Milei’s term in office is whether he can turn around the country’s crisis-stricken economy. But if Milei’s control over Argentina’s economic fate is limited, he’ll have free rein over the country’s foreign policy, where he is also planning some very large shifts.