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  • Writer's pictureEric Williams

Reviving support for free enterprise capitalism

Out of Argentina, the birthplace of infamous Marxist Che Guevara, has emerged a voice of unabashed support for free-enterprise capitalism, an economic system in which private business operates in competition and largely free of state control. The country's recently elected President, Javier Milei, found an audience at Davos 2024 that seemed to have grown weary of the false hopes and broken promises of the growing global collectivist movement, and was receptive to re-embracing capitalism.

The speech delivered by Milei is worth listening to or reading in its entirety, and echos much of Codiligent's belief about the importance of entrepreneurial capitalism to a successful society and increasing opportunity and living standards for all. Here's a link to his speech: Davos 2024: Special address by Javier Milei, President of Argentina. Jan 18, 2024.

I'll provide a teaser in the form of his concluding remarks: "Therefore, in conclusion, I would like to leave a message for all business people here and those who are not here in person but are following from around the world.

Do not be intimidated by the political caste or by parasites who live off the state. Do not surrender to a political class that only wants to stay in power and retain its privileges. You are social benefactors. You are heroes. You are the creators of the most extraordinary period of prosperity we've ever seen.

Let no one tell you that your ambition is immoral. If you make money, it's because you offer a better product at a better price, thereby contributing to general wellbeing.

Do not surrender to the advance of the state. The state is not the solution. The state is the problem itself. You are the true protagonists of this story and rest assured that as from today, Argentina is your staunch and unconditional ally.

Thank you very much and long live freedom!"


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