Over 34,000 Argentine firms bankrupt under Milei

A report by **La Tercera** cites over **32,000** vanished companies and **437,000** formal jobs lost in Argentina during **Javier Milei**'s presidency. These are journalistic figures, not an official closed balance.

The data is attributed to **La Tercera**, which mentions more than **32,000** fewer businesses and **437,000** formal jobs lost in Argentina throughout **Javier Milei**'s government so far. It is important to distinguish published data from political interpretation.

## What the figures say and where they come from

The main data is twofold: on one hand, more than **32,000** companies that would have ceased to exist; on the other, **437,000** formal jobs destroyed. The cited source is the Chilean media outlet **La Tercera**, not an official Argentine body.

This matters because formal employment is measured through administrative records and surveys published by entities like **INDEC** or **SIPA**, and definitive figures usually arrive with delays and revisions. A journalistic figure can be correct yet not equivalent to an official balance.

## Why it is compared to the Weimar Republic

The comparison with the **Weimar Republic** is a political hyperbole, not an economic diagnosis. Weimar evokes German hyperinflation of **1923**, when the mark lost almost all its value and the monetary crisis dragged the country into instability.

Argentina has experienced episodes of very high inflation, but the current situation is not comparable to such hyperinflation. Using this simile serves to express discontent, not to accurately describe what the data shows.

## What can be stated and what cannot

It can be stated that there is a publication citing these losses and that the comparison with Weimar circulates as a rhetorical device. It cannot be stated, based solely on that source, that the government's official balance is exactly that.

To assess the real scope, series from **INDEC**, **SIPA**, and business registries would be needed, along with their dates and methodologies. Any economic or labor decision based on these numbers should be taken with caution and, if it affects your personal situation, with professional advice.