Argentina’s President Javier Milei went into the lion’s den at Davos and delivered a stunning rebuke to globalist ambitions.
Milei told the assembled great and good that their “global hegemony” has “begun to crumble.”
“What once seemed like a global hegemony of the ‘woke’ left in politics, educational institutions, in the media, in supranational organizations or even in forums like Davos, has begun to crumble,” said Milei.
“Over the course of this year, I have found allies in this fight for the cause of freedom in every corner of the world, from the amazing Elon Musk to that fierce Italian lady Giorgia Meloni, from Bukele in El Salvador to Viktor Orban in Hungary,” he continued. He also mentioned Israel’s Prime Minister Benjamin Netanyahu and President Trump among his allies.
“Slowly, an international alliance has been forming among all those nations who want to be free and believe in the ideas of liberty.”
“Although hope has been rekindled, it is our moral duty and responsibility to dismantle the ideological edifice of sickly wokeism.”
Milei, a champion of free-market policies and individual liberty, has effected a political and economic transformation in Argentina since being elected in 2023.
Upon taking office, Milei introduced a raft of “shock measures,” including swingeing cuts to energy and transport subsidies, mass layoffs of government workers, halts to infrastructure projects and pension freezes.
Inflation has now plummeted, bonds have rallied and the country-risk index, a measure of the risk of default, is now at the lowest level in five years.
The country’s monthly interest rate has fallen from 25.5% in December 2023, when he took office, to just 2.7% in October.