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Argentina’s Javier Milei praises free markets, slams socialism at Davos


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The self-proclaimed ‘anarcho-capitalist’ president is making his first overseas tour, even as he battles a major economic crisis at home

 

Argentina’s libertarian President Javier Milei praised free markets and slammed socialism at Davos during the first overseas tour for the self-proclaimed “anarcho-capitalist”, who is battling to fix a major economic crisis at home.

The trip marks a test for right-wing Milei, a relative political newcomer who took office last month after a rapid ascent from acid-tongued economist and television pundit to the presidency. He is keen to win backing for his economic ideas, which include shutting the central bank and adopting the dollar.

“Socialism is a phenomenon that creates poverty,” he said in a special address to a large and well-heeled crowd at the World Economic Forum, where he is later set to meet International Monetary Fund (IMF) chief Kristalina Georgieva.

 

(more)

 

https://www.scmp.com/news/world/americas/article/3248835/argentinas-javier-milei-praises-free-markets-slams-socialism-davos

 

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Another swine getting his snout in the gov't trough.  IMO all governments have some kleptocracy going on, but Argentina, which was once an economic power, is noteworthy. 

October 2001:  1 peso to US$1

June 2011:  4 pesos to US$1

January 2024:    820 pesos to US$1

 

 

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