This is CBS, I in the world. I'm John Bachelor. The New World Report with Ernesto Arruja,

former Foreign Minister of the Republic of Brazil and Joseph Umar the

executive director of Secure Free Society we go immediately to the new president of

Argentina haviar Malay making a spectacular entrance into Davos, a speech that is to be read and understood

with his resonant voice and his conviction.

The Wall Street Journal translates the headline this way, Argentina's president

promised a free market revolution and he says he's delivering.

There is no plan B, Javier Malis tells the Wall Street Journal as he moves to privatized state companies and slash government jobs.

Ernesto, I begin with you because Malay's speech at Davos was about 180 degrees from the remarks of Lula

de Silva, the once and present president of Brazil, the next-door neighbor to Argentina, especially when it comes to reducing

the size of government and reducing the subsidies that flow to the people and also

privatizing the state companies.

How does Brasilia hear the applause and the attention that Malay is winning?

Good evening to you, Ernesto. Good evening, John.

So half of Brazil are, let's say envious that Argentina have that president,

more than half I would say, and I would like Brazil to have that sort of

present that sort of approach. The Lula people and I don't think they are that many

but they are very influential of course.

They don't like that because it's very strong, let's say the control variable

for what they're doing in Brazil and if Argentina starts to succeed,

which I think is the case, then they will have no argument to sustain the sort of state capitalism approach that they want to maintain.

And it's not only a question of economics, the question of law and order in a sense because state capitalism in Brazil

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