PREVIEW: #ARGENTINA: #MILEI: Conversation with colleague Professor Evan Ellis of the US Army War College re the risk of 70% childhood poverty rate and the Libertarian Milei's radical policies to move from Peronista statism (and handouts) to a market econ
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 13 March 2024
⏱️ 3 minutes
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Summary
1853 Argentina
Transcript
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| 0:00.0 | Book your ticket to happiness with Sun Express Airlines. This is John Bachelor, conversation with my colleague Professor Evan Ellis of the US Army War College about |
| 0:24.8 | Argentina now undergoing a dramatic transformation from a stated state where |
| 0:31.3 | there was debt and poverty and overwhelming despair into a |
| 0:36.5 | libertarian experiment to cut down on the size of government to let the peso adjust |
| 0:42.3 | and in fact to dollarize eventually. |
| 0:45.0 | Commenting on a photograph appearing in Reuters of a nine-year-old girl fetching fresh |
| 0:51.0 | water from a hose somewhere in what looked to be a ravaged |
| 0:54.5 | environment imagining what it will be for her 30 years from now when her |
| 1:00.4 | memories of this poverty now reaching 70% for childhood poverty in Argentina, |
| 1:06.2 | a rich land with educated people and good institutions once upon a time. |
| 1:11.6 | And what is the risk, what is the dare, what is the hope of Argentina |
| 1:16.0 | with Javier Malay, the Libertarian, the man who looks to turn things around, but as Professor says he has a limited amount of time to do it. |
| 1:25.6 | Here's Professor Avonelis to comment on this photograph, this young child, nine |
| 1:31.5 | years old, her future, and the risk for Malay and for the region. |
| 1:37.0 | Well this is why this moment is so critical and it depends entirely on whether Malay is able to succeed with this experiment or not. |
| 1:46.0 | Because frankly, if Malay fails, if protesters bring in the economy, you have another wave of |
| 1:51.6 | radicalism and status solutionsist solutions and in Argentina continues in this. |
| 1:55.8 | Then those memories of suffering become a permanent scar and part of the ongoing legacy of Argentina as we've seen since |
| 2:06.4 | de la Ruuuuuad back at the turn of the century. |
| 2:10.8 | However, if the Malay experiment works in Argentina's economy is dramatically turned around and you get significant |
| 2:17.4 | growth out of this and in Argentina begins to attract the investment that it's seeking, showing the value of individual initiative and |
| 2:26.7 | free markets and getting away from government subsidies, then these are going to be remembered |
... |
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