Argentine President Javier Miley believes that the shift towards collectivism in the Western world will inevitably lead to socialism and risks “dooming people to poverty.”
Newly elected Argentine economists gave a rousing speech at the World Economic Forum, saying the “Western world” faces a significant threat from the shift toward collectivist policies in recent decades.
“It is in danger because those who are supposed to defend the values of the Western world are consumed by a worldview that inevitably leads to socialism and therefore to poverty and economic deprivation,” Miley said.
The speech was widely shared across social media platforms, with one user X posting a translated version of Miley's address, created using artificial intelligence video tool HeyGen and imitating the president's accent.
Milei's 2024 Davos talk, directly translated to English by AI (by heygen), in his own accent. Better than the dubbed version imo. pic.twitter.com/8OAGELuqxl
— Aaron Slodov (@aphysicist) January 18, 2024
Miley, who became President of Argentina in December 2023, emphasized that his country's economic situation over the last century is a direct result of the adoption of collectivist ideologies:
“As we embraced collectivism over the last 100 years, we saw our citizens begin to become systematically impoverished until they dropped to 140th in the world.”
The economist went on to defend free market capitalism as the solution to economic prosperity around the world, saying that capitalism has led the modern world to its most prosperous moment 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 for those countries that are free and respect economic freedom and individual property rights,” Miley said.
The President of Argentina said that “free countries” are on average 12 times richer than repressed ones. These countries also have 25 times less poverty in the standard format and 50 times less in the extreme format.
Miley emphasized that libertarian ideals are the basis of free market capitalism, citing Argentine professor Alberto Benegas Lynch's definition of libertarianism, which is based on the fundamental rights to life, liberty and property.
The ideology advocates private property, free markets without government intervention, free competition, division of labor and social cooperation, “where success can only be achieved by serving others with the best quality goods at the best price.”
“A capitalist, a successful entrepreneur, is a social benefactor who contributes to the well-being of society as a whole. In short, a successful entrepreneur is a hero.”
Miley also said that more and more world leaders are beginning to speak out against changing socio-economic ideologies, organizations and institutions that systematically suppress individual freedoms.
“Fortunately, more of us are daring to raise our voices as we see that unless we confront these ideas head on, the only possible fate will be more government, more regulation, more socialism, more poverty, less freedom and, therefore, the quality of life is worse,” said the Argentine President.
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Miley admits that while many social commentators will argue against the premise that “the West has embraced socialism”, he believes that modern government structures do not need to control production in order to control the lives of citizens:
“With tools such as money creation, debt subsidies, interest rate controls, price controls and regulations to correct perceived market failures. They can control the destinies of millions of people.”
Miley affirmed that policies that impede the free functioning of markets, free competition, free price systems and attack private property, “the only possible direction is poverty.”