As reported in MercoPress, Argentine President Javier Milei recently made an important point about the damaging notion of capitalism as a “necessary evil” within the developed world.
Here in the UK, we have major political parties and huge government bureaucracies where that notion is tacitly accepted as a foundational axiom of modern government.
Milei criticizes Mamdani and praises Trump
In his appearance on Thursday at the America Business Forum in Miami, Argentine President Javier Milei seized the opportunity to lambast New York City Mayor-elect Zohran Mamdani, praise his US colleague Donald Trump, and seek investments for his country. Milei described his own electoral victory as a mandate for capitalist reform...
Milei's central theme was an apology of free-market capitalism and a dire warning against socialist ideas, which he referred to as the “Kuka risk” (a pejorative term for Kirchnerism/Peronism).
He argued that Western societies have mistakenly accepted the notion that capitalism is a “necessary evil” that requires state intervention to address “unequal impact” and prevent monopolies.
Milei contended that this justification for state intervention leads to ever-expanding government control, eventually reaching the same destination as those who openly hate capitalism: “the total control of the state, the economy, and people's lives—that is, communism.”
Milei criticizes Mamdani and praises Trump
In his appearance on Thursday at the America Business Forum in Miami, Argentine President Javier Milei seized the opportunity to lambast New York City Mayor-elect Zohran Mamdani, praise his US colleague Donald Trump, and seek investments for his country. Milei described his own electoral victory as a mandate for capitalist reform...
Milei's central theme was an apology of free-market capitalism and a dire warning against socialist ideas, which he referred to as the “Kuka risk” (a pejorative term for Kirchnerism/Peronism).
He argued that Western societies have mistakenly accepted the notion that capitalism is a “necessary evil” that requires state intervention to address “unequal impact” and prevent monopolies.
Milei contended that this justification for state intervention leads to ever-expanding government control, eventually reaching the same destination as those who openly hate capitalism: “the total control of the state, the economy, and people's lives—that is, communism.”
5 comments:
Milei seems to be what people had hoped Boris would be. But Boris proved to be spineless.
There's a Binary Fantasy that you can either have full on capitalism or full on socialism or communism. A bit of both is probably desirable in a modern economy - but our current problems arise from the 'sensible' regulation being slowly expanded by gradual Fabianism. Pushing towards more government regulation and control than is needed. The long creep through the institutions, perhaps?
It's much tougher to roll regulation back than to lazily wave it through.
dearieme - yes, he raised conservative hopes too high then caved in too easily.
DJ - I agree, the old mixed economy centre ground worked well enough, but wasn't stable when faced with Fabian incrementalism as there is nothing to push the other way. It's not unlike Mao's theory of continuing revolution but slower and below the radar.
Every now and then we need to elect a Thatcher, Trump or Milei to roll it all back, but we don't have the politicians or the electorate for it.
"...the total control of the state, the economy, and people's lives..."
Now where have I seen that before?
Oh yes - "...Tutto nello Stato, niente al di fuori dello Stato, nulla contro lo Stato...."
Communism and fascism: two cheeks of the same arse, as they say.
Peter - yes, it's where political drift always seems to go without periodic correction. Having major political parties which actively push it in that direction is pretty stupid, but it's where we are.
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