Capitalism is better than socialism.
The new libertarian president of Argentina, Javier Milei, recently explained the virtues of the free market to attendees of the annual World Economic Forum in Davos, Switzerland.
Milei said that capitalism generates “an explosion of wealth,” that capitalism and the industrial revolution “lifted 90 percent of the world’s population out of poverty,” that a free market society is both practical
“Far from being the cause of our problems, free enterprise capitalism as an economic system is the only tool we have to end hunger, poverty, and destitution across the planet. The empirical evidence
As its answer to the practicality and justice of a capitalist social system, the left proposes the injustice of “social justice,” according to which “capitalism is bad because it is individualistic” and “collectivism is good because it is altruistic.”
Collectivism hobbles the entrepreneur and “makes it impossible for him to produce better goods and offer better services at a better price.” Which only impoverishes us. This is neither practical nor moral.
The West is in danger because it is allowing capitalism to be destroyed. We need to remember why we need it.
Will any of the dignitaries who heard Milei’s talk learn its lessons? Maybe not if they’re like WEF’s founder, Klaus Schwab, who looks at the international predations of the Chinese Communist Party and sees a “responsible, responsive” state.
But maybe a few others will. And then a few more.
This is Common Sense. I’m Paul Jacob.
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2 replies on “Milei Defends Capitalism”
As I have repeatedly said in various places, using the word “capitalism” without defining it, as if it already has an established and useful definition, is a grave error — unless what one wants is confusion.
Indeed, much of the left does want confusion, which is exactly why the far left use the word “capitalism” in their denunciations, and the more moderate left has often insisted that they wanted to preserve something that they called “capitalism”, but subject to extensive regulation.
The logic of sets allows one to use unions and intersections and complements freely, and the left has formed sets that lump-together very different things, to insinuate that these very different things are somehow expressions of the same thing.
Dealing with abuse by others of words that have clear, standard definitions is hard enough. Trying to make good use of words that don’t have such definitions is far more difficult — and impossible if one does not supply a definition.
We need far more of Milei and none off klaus and his band of crooks and thieves.