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| Click above for the video |
This speech above has gone viral, a direct attack on the socialist-collectivist leanings of Davos WEF participants and their “stakeholder capitalism”.
Milei says better what I’ve said in this blog since the beginning: countries become wealthy by free market economics. The freer the market the wealthier the economy.
Countries are impoverished by socialism. I saw it with mine own eyes in China, from my arrival to a socialist economy in 1976 to the shift to capitalism (“socialism with Chinese characteristics”) which lifted 500 million out of extreme poverty in China alone. That took place in forty years since they abandoned hard-line socialism in 1979. Today they are shifting back to “sharing the wealth” and that’s already leading to slower growth and a stuttering middle class.
Milei describes the same for his Argentina and for the world. In 1800, 95% of the world was in extreme poverty; today it’s 5%. Thanks for free market capitalism.
The guys at All-in podcast talk of the importance of the Milei speech. Starts @ 4:25
