Javier Milei

Katarina Hall | 1.18.2024 1:25 PM

Argentina's libertarian President Javier Milei praised the virtues of free markets and warned political leaders about the dangers of collectivism in a speech at the World Economic Forum on Wednesday.

"The West is in danger, it is in danger because those who are supposed to defend Western values find themselves co-opted by a worldview that—inexorably—leads to socialism, consequently to poverty," Milei said in the opening of his keynote speech in Davos, Switzerland, during his first overseas trip as president.

Milei explained that no other country is a better example of this trend than Argentina. Once a global economic powerhouse, Argentina has spiraled into poverty as a consequence of extensive state intervention in the economy. Two out of every five Argentines live in poverty and the inflation rate is over 200 percent.

In his 23-minute address, Milei argued that the key to........

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