Bitcoin maniac detonates Davos Forum, a list of Milai’s selected quotes

Source: Carbon Chain Value

The latest speech by Argentinian President Millay, a Bitcoin maniac and self-proclaimed anarcho-capitalist, in Davos triggered a discussion on social networks.

On January 15, the 54th World Economic Forum opened in Davos in the Swiss Alps. Heads of state and multinational companies from around 60 countries held meetings at the luxury resort. Millay was one of the speakers at the conference. Schwab, founder of the World Economic Forum, said when introducing Milley that he was an "extraordinary figure."

Why is Milley a president loved by people in the blockchain crypto community? Whether he was running for president or writing and lecturing on Austrian economics, he wisely sided with the Bitcoin audience. For example, he once threatened that "Bitcoin can eliminate the central bank" and even "blow up the country's central bank" and made radical remarks about using the U.S. dollar as the national currency. Looking back, this kind of radical remarks may have helped him to some extent and helped him win the votes of the Bitcoin audience. In addition, Millay's disheveled hair, outspoken character, and support for classical liberal ideas all made him quickly popular in the Argentine media and gained a firm foothold.

World Economic Forum founder Schwab said Milley's "radical approach" has brought a new spirit to Argentina.

As early as 2017, Milley mentioned the potential of Bitcoin, and most of his remarks praised Bitcoin technology for regaining monetary sovereignty from central banks. In 2019, Milai admitted that he had not yet delved deeply into Bitcoin. In 2021, Milai called Bitcoin an "impeccable concept."

Millai’s speech at the Davos Forum first affected the audience in the crypto circle on social media. Among them isCoinbase founder Brian Armstrong. He forwarded the full text of Milley's speech and said, "This is why cryptocurrency needs to win - it will spread economic freedom around the world."

2024 Davos Forum Selected quotes from Millais:

I am here to tell you today that the Western world is in danger, and it is in danger because of those who are supposed to defend Western values. of people are bought into a worldview that leads inevitably to collectivism, leading to poverty.

Unfortunately, in recent decades, major leaders in the Western world have abandoned the liberal model, motivated by the desire of some well-intentioned people to help others and the desire of others to belong to a privileged class , switching to a different version of Free Mode. Call it collectivism.

No one is better suited to prove this than us. When we adopted the liberal model in 1860, within 35 years we became a world power. And as we embraced collectivism over the past 100 years, our citizens began to become systematically impoverished. The global ranking dropped to 140th.

The experience of Argentina is that no matter how rich you are or how many natural resources you have...or how many gold bars you have in the central bank - if you hinder market freedom, free competition, free price system, attack private ownership Property, the only possible fate is poverty.

The problem with neoclassicals (economists) is that the models they love so much don't match reality, so they attribute their errors to so-called market failures instead of examining the premises of their models.

Using so-called market failure as an excuse to introduce regulation will only distort the price system, hinder economic calculation, and thus hinder savings, investment and growth. Even so-called libertarian economists don’t understand what markets are, because if they did, they would quickly discover that market failures cannot exist.

It is a contradiction to talk about market failure. There is no market failure. If transactions are voluntary, then the only situation where market failure occurs is coercion, and the only person who can implement coercion is the state.

Confronted with theoretical arguments that state intervention is harmful and empirical evidence that state intervention fails, the solution proposed by collectivists is not greater freedom but greater regulation.

Tighter regulations will create a downward spiral until we are all poor and all of our lives depend on a bureaucrat sitting somewhere in a fancy office.

They abandoned the class struggle based on the economic system and replaced it with other so-called social conflicts that were equally harmful to the life of the community and economic growth. Today's state does not need direct control over the means of production to control every aspect of an individual's life.

Through tools such as money printing, debt, subsidies, interest rate controls, price controls, and regulations to correct so-called market failures, they can control the lives and destinies of millions of people. They say capitalism is evil because it is individualistic, and collectivism is good because it is altruistic, using other people's money of course.

Those who promote collective justice promote the idea that the entire economy is a pie that can be shared in better ways, but that the pie is not fixed, it is in Israel Kirzner *(Israel Kirzner*) The wealth generated in the so-called market discovery process.

If the state punishes capitalists when they succeed and hinders the (market) discovery process, they will destroy their incentives, with the result that their output will decrease and the pie will become smaller, which will harm society as a whole. . Collectivism ultimately ties the hands of entrepreneurs and prevents them from providing better goods and services at better prices, by inhibiting the process of (market) discovery and hindering the exploitation of discoveries.

Thanks to free enterprise capitalism, the world is in its best moment right now, and there has never been a more prosperous time in all of humanity or in human history. The world today is freer, richer, more peaceful, and more prosperous than at any time in human history. This is especially true for countries that respect economic freedom and individual property rights.

Capitalists and successful entrepreneurs are benefactors of society. They will never appropriate the wealth of others, but contribute to the general well-being of all people. A successful entrepreneur is a hero.

Liberalism is based on the principle of non-aggression, unrestricted respect for the life plans of others, and defense of the rights to life, freedom and property.

The basic systems are: private property, market without state interference, free competition, division of labor and social cooperation. You can only succeed by providing others with better quality goods at the best prices.

Poverty caused by collectivism is not a fantasy or fatalism, it is a reality that we Argentines have known for at least a hundred years. We've been through it all, and I'm here to warn you of what will happen if the West, which got rich through the liberal model, continues down the path of slavery.

I am here today to invite the rest of the Western world to return to the path of prosperity. Economic freedom, limited government, and unrestricted respect for private property are essential elements of economic growth.

Finally, I would like to leave a message to all entrepreneurs and business people here, as well as those who are not present in person but come from all over the world: You are the benefactors of society, you are heroes, you are us The creator of the most extraordinary period of prosperity ever seen. Don't let anyone tell you that your ambitions are immoral. If you make money, it's because you contribute to overall well-being by providing a better product at the best price. You are the real protagonists of this story.

Rest assured, starting today, you can count on Argentina as an unconditional ally.