Read the entire thing here. Epic!
Javier Milei
delivered 17 January 2024, Davos, Switzerland
[Translated from the official Spanish language text appearing on the official government website for the President of Argentina. See transcription note at page bottom for further clarification.]
Good afternoon. Thank you very much
Today I am here to tell you that the West is in danger; it is in danger because those who are supposed to defend the values of the West find themselves co-opted by a vision of the world that -- inexorably -- leads to socialism, and consequently to poverty.
Unfortunately, in recent decades, motivated by some
bien-pensant desires to help others, and others by the desire to belong to a privileged caste, the main leaders of the Western world have abandoned the model of freedom for different versions of what we call
collectivism.
We are here to tell you that collectivist experiments are never the solution to the problems afflicting the citizens of the world, but rather -- on the contrary -- are their cause. Believe me, there is no one better than we Argentines to testify to these two issues. When we adopted the model of freedom -- back in 1860 -- in 35 years we became the world's leading power, while when we embraced collectivism, over the last 100 years, we saw how our citizens began to systematically impoverish themselves, until they fell to 140th in the world.
But before we can have this discussion, it will be important, first, to look at the data that supports why not only is free enterprise capitalism not only a possible system to end world poverty, but the only system -- morally desirable -- to do so.
If we consider the history of economic progress we can see how, approximately, from the year zero to the year 1800, the world's GDP per capita, practically, remained constant throughout the entire reference period. If one looks at a graph of the evolution of economic growth throughout the history of humanity, one would be looking at a graph in the shape of a field hockey stick, an exponential function, which remained constant for 90 percent of the time, and then shoots up exponentially from the 19th century onwards. The only exception to this history of stagnation occurred at the end of the 15th century, with the discovery of America. But apart from this exception, throughout the entire period, between the year zero and the year 1800, GDP per capita, at the global level, remained stagnant.