Wednesday, October 22, 2025

Latest

Argentina’s Javier Milei Enters The World Stage At Davos, Warns ‘The West Is In Danger’

Argentina’s new President Javier Milei, a self-described anarcho-libertarian, delivered a fiery address at the World Economic Forum that criticized socialism, celebrated capitalism, and warned the West of the dangers of it “collectivist experiments.” 

“I am here today to tell you that the West is in danger,” he opened on his global debut at the central stage in Davos. “It is in danger because those who are supposed to defend the values of the West have been co-opted by a vision of the world that inexorably leads to socialism and, consequently, to poverty.”

Milei pointed fingers at “international organizations,” accusing them of being swayed by “collectivism,” “radical feminism,” and a “cruel environmental agenda.” Elected in November on an anti-establishment platform during a severe economic crisis, this marked Milei’s first overseas tour since taking office last month.

Related: President Javier Milei Formally Withdraws Argentina’s BRICS Application

Drawing comparisons to former US President Donald Trump, Milei criticized Davos for what he perceived as a “socialist agenda” that would bring misery to the world. The annual WEF meeting’s theme, “Rebuilding Trust,” aims for open dialogue between policymakers, business leaders, and civil society, reflecting a “back to basics” spirit.

Introduced by WEF founder Klaus Schwab, Milei was credited with bringing a “new spirit” to Argentina through his “more radical methods.” However, the challenges facing Milei’s presidency are significant, as Argentina is in its worst economic crisis in two decades. The country’s annual inflation rate has soared to over 211%, the highest in 32 years, and almost half of its citizens live in poverty.

Related: Javier Milei Reportedly Sacks Half Of Argentina’s Government

Milei proposes drastic measures, including dollarizing the economy, abolishing the central bank and much of the government, and privatizing the pension system, advocating for what he calls “shock therapy.” However, concerns linger over his ability to implement these reforms, as his party lacks a majority in both houses of congress, potentially obstructing fiscal measures. Additionally, powerful labor unions oppose his plans, casting a shadow over Milei’s ambitious agenda for economic recovery.

Related: Argentina Announces 54% Currency Devaluation to Tackle Economic Crisis


Information for this story was found via CNBC, Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Milei Government Ends Financial Surveillance to Ignite Dollarisation

Argentina has announced the sweeping rollback of financial reporting requirements in a bid to mobilize...

Friday, May 23, 2025, 02:15:00 PM

US $20B Pledge Postpones Argentina Reckoning Until After Elections

The United States is preparing a major financial intervention to stabilize Argentina’s faltering economy, offering...

Friday, October 3, 2025, 10:03:00 AM

$3200 Gold & The Miners Still Lagging!? | Cliff Hale-Sanders – Cerrado Gold

In this interview at the Commodities Global Expo 2025, Cliff Hale-Sanders, President of Cerrado Gold...

Monday, May 19, 2025, 02:59:00 PM

Argentina Temporarily Suspends Beef Exports Amid Soaring Inflation

The government of Argentina is planning on cutting back its beef exports, in an effort...

Tuesday, May 18, 2021, 02:21:00 PM

Argentina Inflation Breaches 100%

Argentina’s annual inflation rate surpassed 100% in February, according to the country’s statistics agency, the...

Wednesday, March 15, 2023, 09:36:20 AM