– Argentine leader President Javier Milei has issued a warning at Davos, saying “collectivist experiments” will lead to poverty
Speaking at the World Economic Forum on Wednesday in Davos, Switzerland, Milei warned that “the Western world is in danger” because it’s tilting toward collectivism. “It is endangered because those who are supposed to defend the values of the West are co-opted by a vision of the world that inexorably leads to socialism, and thereby to poverty,” he said.
“No matter how rich you may be, or how much you may have in terms of natural resources, or how skilled your population may be or educated, or how many bars of gold you may have in the central bank, if measures are adopted that hinder the free functioning of markets – free competition, free price systems – if you hinder trade, if you attack private property, the only possible fate is poverty,” he said.
