Argentina's President Javier Millay, in a speech at the World Economic Forum's annual meeting in Switzerland, praised capitalism while denouncing socialism.
Mr. Millais gave a speech after being introduced by WEF founder and executive chairman. Klaus Schwab.
“The problem is that social justice is not justice,” Millais said. SaidWhen I interpreted his remarks in English, he said, “Taxes are collected compulsorily,'' and “the higher the tax burden, the more coercive it becomes, and the less freedom there is.''
The liberal economist who took office last month declared that “experiments with collectivism are by no means the solution to the problems that afflict the world's peoples, but rather the root cause.” He said, “Free enterprise capitalism is not only the only system possible for ending world poverty, but… it is also the only morally desirable system for achieving this.” .
“Socialism is always and everywhere a phenomenon of poverty,” Millais said, noting that socialism has failed in every country where it has been tried. He said socialism “failed economically, socially and culturally. It also killed more than 100 million people.”
“The state does not need direct control of the means of production to control every aspect of individual life,” he said, adding that it should work on “printing money, debt, and subsidies, controlling interest rates, and controlling prices.” said that it can be done.
Millay described the businessman as a “hero.”
“The state is not the solution. The state is the problem itself. You are the real heroes of this story,” he said.
In an interview with economist Last year, Millais described himself as an “anarcho-capitalist.”
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