Argentina's President Javier Millay speaks at the World Economic Forum (WEF) conference in Davos, January 17, 2024 (Photo by Fabrice COFFRINI/AFP) (Photo by FABRICE COFFRINI/AFP, Getty Images)
Fabrice Coffrini | AFP | Getty Images
Argentina's President Javier Millay on Wednesday called on business and political leaders in Davos to reject socialism and instead embrace “free enterprise capitalism” to end global poverty.
“I'm here today to tell you that the Western world is in danger,” Millais said in a special speech at the World Economic Forum in Davos, Switzerland, according to a translation. .
“And those who are supposed to defend Western values are at risk because they are being co-opted by a worldview that is inexorably linked to socialism and, ultimately, poverty,” he added.
Millais' visit to Davos will be his first overseas trip since taking office last month.
The right-wing leader, a self-described “anarcho-capitalist” who is often compared to former President Donald Trump, reportedly said on his way to Switzerland that he would attend the conference to advocate for freedom.
Millais, who flew to a Swiss resort on a commercial jet, criticized Davos for what he perceived to be “socialist policies that will only bring misery to the world,” Reuters reported on Tuesday. Reported.
'Rebuilding trust' is the overarching theme of the WEF Annual Conference. WEF says this year's program embodies the “back to basics” spirit of open and constructive dialogue between policy makers, business leaders and civil society.
WEF founder Klaus Schwab introduced Millais to the Davos stage, saying his “more radical methods” had “introduced a new spirit into Argentina.”
“Major leaders of the Western world have abandoned models of various versions of freedom that we call collectivism. What we are saying here is that the collectivist experiment will never bring the world's citizens together. It's not a solution to the problem that's bothering them, rather it's not a solution to the problem that's bothering them. That's the root cause,” Millais said.
“Trust me, no one [is] “We are in a better position than the Argentines to testify on these two points,” he added.
For Milay, the challenges facing his presidency are significant – especially given that Latin America's third-largest economy is once again in deep crisis.
The South American country's purchasing power has been decimated by annual inflation of more than 211%, a 32-year high, and two in five Argentines now live in poverty.
Millais said there was no alternative to the “shock therapy” he proposed to improve the situation. He proposes dollarizing the economy, abolishing the central bank and privatizing the pension system.