Argentine industry reels from Milei's free-market revolution

Esteban Echeverría

Emmanuel Fernandez, owner of an Argentine shoe factory, is silhouetted while he watches his factory, which is operating at a minimum capacity since President Javier Milei opened up the country to global competition. (AFP Photo)

In the gloom of a vast warehouse in Argentina, the machines lying idle next to boxes of unsold merchandise represent the collapse of manufacturing under President Javier Milei.

Just three years ago, Kioshi employed nearly 120 people and produced 40,000 pairs of sneaker and flip-flops a month in the south of Buenos Aires.