There hasn't been a more destructive economic policy than socialism in wrecking the Venezuelan economy and to a lesser but still dangerous degree on the Argentinian economy that has had to deal with hyperinflation and years of corruption. They reported national CPI last week that was up by 143% y/o/y for October. Well, now we get to test out the proof of concept economic policies of libertarianism and see if it does the opposite with the victory of Javier Milei. I saw a clip of his where he said this:
"I think that the big problem in Argentina is a cultural problem. This is a society infected by socialism and what we need to achieve is to remove socialism from people's minds and the main promoter of these ideas are the politicians...the libertarians are the only ones to confront the politicians and tell them that they are not the solution, that they are the problem. The politicians are a sort of sociopath who want to make us believe that we are mentally invaded and invalid in every sense because we cannot live without them. But in reality, those who cannot live without us are them...
"We are decent people, hardworking people and we don't advocate for envy, hatred, theft or unequal treatment under the law. That abomination of social justice is the most unjust thing that exists, because it means stealing the fruits of someone's labor and giving them to others just because I feel like it. And in that whole process, not only did they destroy the economy, they impoverished people. From 1970 to now, the size of the state tripled, and the number of poor people multiplied by six. And you know who the only ones who really prospered were? The politicians...The real income redistribution was from what we produce to the political parasites...The libertarianism was born to free us from the oppressive rulers."
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