Recent scholarship and commentary bury Trump’s $40 billion bailout for Milei’s Argentina under a mountain of damning analysis, exposing it as a masterclass in authoritarian neoliberal theater and populist capitalist plunder. The “currency swap” is little more than ideological cosplay—fronting as a patriotic maneuver while orchestrating the largest transfer of public risk and private reward since Wall Street last sold austerity as a virtue. The deal props up Milei’s meme-broker regime, rewarding cutthroat oligarchs and Wall Street insiders with immediate windfalls even as ordinary Argentines are shackled to another cycle of dollar-denominated misery and American taxpayers foot the bill for imperial vanity. Academic research slams these policies as textbook authoritarian neoliberalism—hollowing out democratic institutions, weaponizing crisis politics, and using global “rescue packages” to discipline workers and silence dissent, all while the architects of these swaps gorge themselves on a banquet of speculative profit. Trump and Milei pitch this debacle as market genius, but the literature scathingly refutes the fantasy: it’s not the “forgotten citizen” who gets rescued, but the financiers and extractive corporations, leaving public institutions and social programs stripped, surveilled, and sold off piece by piece, while populist rhetoric serves to distract the masses from the carnage. The only thing “rescued” is the tradition of elite impunity and fiscal pillaging—each swap a fresh IOU stapled to the back of the working poor, on both sides of the Americas.