Socialism ‘dooms people to poverty’ – Argentina’s Miley tells Western WEF
Argentina's president, Javier Millay, believes that the Western world's turn to collectivism will lead to socialism and the risk of “placing people in poverty.”
A recently elected Argentine economist spoke at the World Economic Forum, arguing that in recent decades “the West” has faced a serious threat of turning to collectivist policies.
“The people who are supposed to protect the values of the West are at risk because they have been assimilated into a worldview that leads to socialism and, consequently, to poverty and economic deprivation,” he said.
The speech went viral on social media platforms, with one X user posting a translated version of Miley's address created by AI video tool Hyjen, imitating the president's accent.
Miley's 2024 Davos speech, translated directly into English by AI (by Hagen), in her own words. imo its better than the named version. pic.twitter.com/8OAGELuqxl
— Aaron Slodov (@aphysicist) January 18, 2024
In the year Miley, who will become Argentina's president in December 2023, said that his country's economic woes over the past century were a direct result of embracing unionist ideologies.
“In the last 100 years, we've seen how our citizens began to systematize themselves until they fell to 140th place in the world when we embraced common sense.”
The President then supported free market capitalism as a solution to bring economic prosperity to the world and said that capitalism has brought the modern world to the most prosperous stage in history.
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“Today's world is freer, richer, more peaceful and prosperous than ever before. This is true for everyone, but especially in countries that respect economic freedom and individual property rights,” Milley said.
According to Argentina's president, “free countries” are on average 12 times richer than oppressed ones. These countries are 25 times less poor in the standard format and 50 times less poor in the extreme format.
Millay stated that free market capitalism is the foundation of Argentine professor Alberto Benegas Lynch, referring to the definition of libertarianism based on the fundamental rights of life, liberty and property.
The ideology advocates private property, free market without government interference, free competition, division of labor and social cooperation, “One can be successful only by serving better quality goods at better prices”.
“The capitalist, the successful entrepreneur, is a social benefactor who contributes to the welfare of society as a whole. In short, the successful entrepreneur is a hero.”
Milley also said that many world leaders have begun to speak out against socioeconomic ideologies, organizations and institutions that he believes are systematically suppressing individual freedom.
“Happily, if more of us dare to speak up, if we don't face these ideas head on, the only destiny is more government, more control, more socialism, more poverty, freedom, and so on.” A worse quality of life, according to Argentina's president.
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Many social analysts are opposed to the premise that “the West has adopted socialism”, Milley admits that current state structures do not need to control production in order to control the lives of citizens.
“They can control the destinies of millions of human beings by using things like money supply, debt relief, interest rate controls, price controls, and regulations to correct market failures.”
When policies attack markets, free competition, free price systems, and private property, “the only destination is poverty,” Milley reiterated.
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