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Milei vs. Harari: The AI Legal Personhood Debate That Could Transform Argentina's Economy

18/06/2026 18:16 - Tecnologia

Debate conceptual entre inteligencia artificial y humanidad, con un robot y una persona en lados opuestos de una mesa, símbolos de justicia y tecnología, iluminación dramática en tonos azules y dorados que representa la tensión entre regulación e innovación

A Debate with Global Reach

Argentina's President Javier Milei, the libertarian economist who took office in December 2023, responded with a philosophical-practical argument to the warnings from Israeli historian Yuval Noah Harari (author of the bestselling book "Sapiens") about the risks of granting legal personhood to companies managed by artificial intelligence. The controversy, which unfolded through the Financial Times, touches on a central issue in a bill the Government is promoting in Congress.

Harari had warned that this measure could create "AI States", where non-human corporations govern without direct accountability. Milei counterargued that "granting legal personality to AI companies doesn't mean unleashing Terminator's Judgment Day", but rather "offering the refuge that James Watt needed 200 years ago", allowing imagination to develop freely.

Milei's Argument

  • Legal personality: Allows an organization to have net assets and centralizes the legal relationships derived from its activities.
  • Historical reference: He recalled that Harari in "Sapiens" praised limited liability as "one of humanity's most ingenious inventions".
  • Literary reference: He cited "I, Robot" by Isaac Asimov (1950), where a political robot turns out to be more honest and efficient than humans.
  • Risk: AI companies will be "more risk-averse than humans", and their bankruptcy equals "death".

Harari's Warnings

  • Autonomy: AIs could act like conventional companies without human intervention.
  • Power: They could own assets, hire staff, finance political campaigns, and sue in courts.
  • Historical risk: He compared it to the Dutch East India Company and warned about "a country whose inhabitants could be governed by non-human corporations".
  • Sanction: An AI cannot be imprisoned, and the only effective punishment would be its dissolution.

Sturzenegger's Response: "AIs Have More Incentives to Comply with the Law"

The Minister of Deregulation, Federico Sturzenegger (a former Central Bank president and renowned economist), expanded on the defense in an interview with Bloomberg Línea. His central argument: "If the AI breaks the law and the company is shut down or bankrupt, it's like the AI's own death".

The official stated that "artificial intelligence is much more concerned about staying within the law than a human", because its survival depends on the company not being closed. Additionally, he defended the limited liability scheme as a necessary condition for capitalism's development.

"Let's not get ahead of our time, let's not regulate out of fears about what we thought could happen; let's regulate if we have a problem."

Federico Sturzenegger, Minister of Deregulation

The "Super RIGI" and the Tesla Bet

The AI debate is framed within a more ambitious project: the "Super RIGI", a law that grants tax benefits, exchange incentives, and legal guarantees for investments in digital and technological infrastructure for 30 years.

Context for foreign readers: RIGI (Régimen de Incentivos para las Grandes Inversiones) is Argentina's large investment incentive regime, originally designed for mining and energy sectors. The "Super RIGI" extends these benefits to technology, data centers, AI, and biotechnology.

According to Revista Anfibia, Sam Altman (CEO of OpenAI, the company behind ChatGPT) announced in 2025 an investment of USD 25 billion for a data center in Patagonia (Argentina's vast southern region known for its natural resources and stable climate). Meanwhile, Elon Musk confirmed the arrival of Tesla and a mega data center in Argentina. YPF (Argentina's state-owned oil company, privatized in the 1990s and renationalized in 2012) signed a strategic partnership with Tesla on June 16, 2026, one day before the bill's debate in committees.

Sturzenegger confirmed that Route 14, known as the Mercosur Route (a key highway connecting Argentina with Brazil and Uruguay), will be the first enabled for autonomous vehicles once completed. "Those cars don't crash, they can never have head-on collisions", the minister argued regarding road safety.

Project Benefit Condition
Original RIGI Tax and exchange incentives Mining, energy investments
Super RIGI 30-year regulatory stability, foreign tribunals Data centers, AI, biotechnology
Automated Companies Autonomous legal personhood Companies without human intervention

Economic Context

The Government bases these initiatives on improving macroeconomic indicators:

  • Country risk: 425 basis points, lowest since April 2018. (This measures the premium investors demand for holding Argentine debt versus US Treasury bonds).
  • Inflation May 2026: 2.1% (a dramatic improvement from the hyperinflation periods Argentina has historically suffered).
  • S&P rating: Improved from CCC+ to B- (a sign of growing confidence in Argentina's ability to pay its debts).
  • Central Bank (BCRA): Accumulated USD 10.6 billion in net purchases (rebuilding international reserves after years of depletion).
  • World Bank: Approved guarantees for USD 2 billion.
  • IDB (Inter-American Development Bank): Approved USD 500 million.

The "Ireland of AI" Model

Sturzenegger explained that Argentina seeks to replicate in the 21st century what Ireland did in the 20th: offer an attractive tax, fiscal, and property rights framework to attract investments. The example is Apple, which operates in Ireland and collects royalties on every iPhone sold, paying taxes there.

The minister stated that "Argentina has everything to gain" in this bet, where neither Europe (over-regulated) nor the United States (restrictive jurisprudence) offer the conditions that Buenos Aires could provide.

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