The story and crisis of the modern wave of Latin American far-right politics always needs to go back to the Obama administration's support of the coup of Honduras in 2009. You cannot understand anything about the white supremacy exploited by Donald Trump with regards to the refugee crisis generated in Honduras without understanding that coup, as well as the broader rollback of Pink Tide governments across the region with active US support.
In Argentina, Mauricio Macri was elected President in 2015 running on a hard-right austerity-driven marketeer program, and the results have been predictably disastrous: rates of growth have slowed, poverty has increased, the economy and prospects for normal Argentinians have deteriorated. That meant that in the first round of voting early this month, and there will be a run-off in October, Alberto Fernandez lead Mauricio Macri 47% to 32% in the primary. Alberto Fernandez is a former chief of staff to Nestor Kirchner, who was the leader of Argentina in the mid 00's; who challenged the IMF and the World Bank on Argentina's debt; who implemented some very important stimulative policies; who enjoyed a high degree of popularity as President. Alberto Fernandez had a falling out with Cristina de Kirchner, Nestor Kirchner's wife and successor as President of Argentina for two terms. This joining of their political prospects is significant because it means a sort of re-alliance inside the broader centrist and center-left popular bloc, more on that later.
The first years of austerity under President Macri have devastated the Argentinian economy and wiped away the significant anti-poverty gains of both Kirchner administrations. Cristina de Kirchner drastically poverty under her governance, Argentina saw between a 71-81% decline in poverty according to the World Bank. Argentina is a heavily indebted country and Macri recently accepted a hefty 57 billion dollar package from the IMF in return for the implementation of deep austerity cuts and a rollback of government aid. Markets immediately rebelled against the first round of voting which favored Fernandez and Kirchner. We've already seen the stock market tank, the peso drop dramatically, and other never-subtle signals from the western financial class and Wall Street that they want to strangle democracy in Argentina and continue the Macri program despite its damage to Argentina's citizens.
Of course this has a broader history going back to Operation Condo
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