This is the Cato Daily Podcast for Monday, January 29th, 2024.

I'm Caleb Brown.

Argentine President Javier Malay has given the world a taste of his vision for growing wealth and prosperity.

At the World Economic Forum he laid out a warning that state control and socialism is a path to

poverty.

Heaters Daniel Raisbeck details why the speech made such a powerful impact and how the

Milay agenda for Argentina is far.

The World Economic Forum events, correct me if I'm wrong. This is just my impression. A lot of global technocrats get

get together and talk to each other about problems that the world is facing.

Right, technocrats, but also business leaders, but it's usually not the up-and-coming startups that are there, rather very established businesses.

And a lot of politicians will come give nice speeches and nod to the concerns of the participants in World Economic Forum events.

And but usually it's not particularly newsworthy. It's all stuff that you would hear normally so when

Javier Malay comes to the World Economic Forum and gives a speech you know rooted in first principles about where wealth comes from, about the people that we

should look to for solutions to so many of the world's problems, he was offering,

as he put it, a warning to the world about abandoning economic liberty.

Right and I think what you just mentioned is probably one of the most important things about the speech is that it was a warning to the West.

He said it verbatim.

And this is from a recently elected Latin American leader.

And of course he, Malay won as an outsider in Argentina but here he comes as an outsider as a Latin American president speaking directly to the West which I think is something that doesn't happen very frequently

because to the extent that Latin American leaders make any headlines, it's usually with this victim mentality and with the theory that

Latin America is poor because other countries are rich or that other countries became

rich at the expense of Latin America and the underdeveloped world and

...