OAN's Avril Elfie
11:44am – Wednesday, January 17, 2024
Argentina's President Javier Millay called on political leaders at the World Economic Forum (WEF) in Davos to reject socialism and embrace “free enterprise capitalism.”
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Millais attended the WEF conference in Davos, Switzerland, where she addressed political leaders and business leaders, calling for an end to socialism to make it easier for the world to fight poverty.
The event was attended by leaders from business, government, civil society, religious organizations, academia, the arts, and the world's media.
“I'm here today to tell you that the Western world is in danger,” Millais said. “And those who are supposed to protect Western values are at risk because they are being co-opted by a worldview that is inexorably linked to socialism and ultimately to poverty.”
This will be Milley's first overseas trip since becoming president last month.
According to reports, Millais criticized Davos members and the WEF, saying their “socialist policies will only bring misery to the world.”
The WEF announced that this year's program aims to “rebuild trust” and get back to the basics of candid and fruitful communication between business, civil society and policy makers.
Millay was introduced to the Davos stage by WEF founder Klaus Schwab, who said his “more radical approach” had “introduced a new spirit into Argentina”.
“The major leaders of the Western world have abandoned models of various versions of freedom that we call collectivism. We came here because the collectivist experiment will never be the same for the world's citizens. “This is not a solution to the problems plaguing us, but rather the root cause of them,” Millais said. “Trust me, no one [is] We are in a better position than the Argentines to testify on these two points. ”
With annual inflation exceeding 211%, the highest in 32 years, the South American nation's purchasing power has been severely damaged, with two in five Argentines now living in poverty. It is reported that he lives in
Millais said his proposed “shock therapy” was the only way to deal with the problem. He proposed privatizing the pension system, abolishing the country's central bank and “dollarizing” the economy.
When Millay refers to “shock therapy,” he is saying that in order to prevent the country's poverty rate from rising and stop Argentina's economic collapse, the only option is to raise the inflation rate before lowering it. He is referring to his own argument.
Economy Minister Luis Caputo said in a televised address: “We are constantly making the situation worse because our response has been to attack the result, not the problem.” “What we're trying to do is the opposite of what they've always done, and that's to solve the underlying problem.”
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