00:04:35.080And I'll say a couple of things about this.
00:04:37.300One thing that was very important is that he did not change his tune at all from what
00:04:42.820he talks about when he is campaigning and what he talks about in the media. This was
00:04:46.920him making a rather significant and I would say cogent defense of capitalism.
00:04:52.260If free enterprise capitalism and economic freedom have proven to be extraordinary instruments to
00:04:58.740end poverty in the world, and we are now at the best time in the history of humanity,
00:05:03.440it is worth asking why I say that the West is in danger. And I say this precisely because
00:05:12.360In those of our countries that should defend the values of the free market, private property and the other institutions of libertarianism, sectors of the political and economic establishment, some due to mistakes in their theoretical framework and others due to a greed for power are undermining the foundations of libertarianism, opening up the doors to socialism and potentially condemning us to poverty, misery and stagnation.
00:05:37.900And it should never be forgotten that socialism is always and everywhere an impoverishing phenomenon that has failed in all countries where it's been tried out.
00:05:46.620It's been a failure economically, socially, culturally, and it also murdered over 100 million human beings.
00:07:31.840Unfortunately, already started to go along this far.
00:07:34.120I know to many it may sound ridiculous to suggest that the West has turned to socialism, but it's only ridiculous if you only limit yourself to the traditional economic definition of socialism, which says that it's an economic system where the state owns the means of production.
00:07:52.120This definition, in my view, should be updated in the light of current circumstances.
00:08:00.120Today, states don't need to directly control the means of production to control every aspect of the lives of individuals.
00:08:09.820What he's done there is quite important, and it's a lead up to the point that he ended on,
00:08:16.700which I think is important here and really speaks to what has kind of emerged as the theme of the day.
00:08:21.860And it was kind of where I was going anyway, before Javier Malay took the stage.
00:08:26.380Now, I'll say two things on this before I get there.
00:08:28.700Number one, this is what world leaders should be doing when they come to Davos, if they come to Davos.
00:08:34.020And I'm sympathetic to the argument that speaking here and being here is not itself an example of someone being a sellout.
00:08:45.100And most leaders, when they come here, do sell out.
00:08:47.680They do decide to kiss Klaus Schwab's ring.
00:08:50.200They go along with what I'll say is just basically the globalist songbook.
00:08:54.300They all sing the same chorus and they don't really leave much room for individuality.
00:08:58.560So what Javier Malay did here is incredibly important in that vein.
00:09:01.900Now, he was a little bit flattering with some of the business leaders in attendance.
00:09:06.960Now, I would say maybe too much, but I understand the point he's trying to make here because
00:09:11.280these are people who are creating wealth by virtue of what they're doing.
00:09:16.560Now, largely, the business leaders in Davos are creating wealth for themselves.
00:09:20.560But if you are a capitalist, you believe that large corporations, large businesses that bring in money are making opportunities for people.
00:09:45.560The impoverishment produced by collectivism is no fantasy, nor is it an inescapable fate.
00:09:52.540But it's a reality that we Argentines know very well.
00:09:55.180Do not be intimidated either by the political castes or by parasites who live off the state.
00:10:01.380Do not surrender to a political class that only wants to stay in power and retain its privileges.
00:10:06.700You are social benefactors. You're heroes. You're the creators of the most extraordinary period of prosperity we've ever seen. Let no one tell you that your ambition is immoral. If you make money, it's because you offer a better product at a better price, thereby contributing to general well-being.
00:10:27.320do not surrender to the advance of the state. The state is not the solution. The state is the
00:10:33.680problem itself. You are the true protagonists of this story. And rest assured that as from today,
00:10:40.200Argentina is your staunch, unconditional ally. Thank you very much and long live freedom. Damn it.
00:10:49.340Long live freedom. Damn it. Now, this is like a Javier Malay catchphrase,
00:10:55.000which I don't believe the interpreter did justice to.
00:10:58.120I think that you had to hear it in Javier Millet's original tone and cadence to appreciate it.
00:11:04.000But nevertheless, that was what he said.
00:17:41.740You were on a panel about oil and gas and energy this morning.
00:17:44.380Do you think phasing out of fossil fuels is actually a realistic goal?
00:17:48.300Look, I said what I had to, but you know, if you were to do that survey in different parts
00:17:55.340of the world, if you were to do it for instance in South Asia or Africa or in Latin America,
00:18:01.660you'd get results that might be a little different from the kind of results you're getting here.
00:18:07.260So that was when I ran into him on the streets of Davos after he had said this.
00:18:14.380Mr. Moderator, if the global crises that we are facing has taught us anything, we need to accelerate on the transition.
00:18:24.940And we are doing it in a large number of ways.
00:18:27.380But let me also share with you the perspective that we are a country where 60 million people go to the petrol bank every morning to fill up.
00:18:35.98060 million. One of the things that we need to ensure is to make sure that there is no
00:18:43.740energy shortage in any form in a large country which has a population of 1.34 billion. See
00:18:50.920what's happening to countries around India. I don't want to be, I'm not, I'm nearly stating
00:18:55.860a fact. Four or five countries around India are in severe, dire straits. It's happening
00:19:03.040in countries all over the world. So we need to be able to navigate our way out of this
00:19:08.220current energy crisis and into an accelerated transition to green energy.
00:19:14.880So on stage, when he's talking to his Davos chums, he's saying we need to accelerate the
00:19:20.160transition. We need to get away from fossil fuels faster. And then you run into him on the streets
00:19:24.760and he's saying, oh, well, yes, in the developing world, no one buys into any of that. Well,
00:19:28.720I thought when I saw him today that a follow-up on that was in order.
00:19:35.020Minister Andrew Lawton, True North, I'm wondering how countries like yours are supposed to power themselves after this so-called energy transition.
00:19:45.860He's advocating for the energy transition on stage, but won't explain the very fundamental question of how India is supposed to power itself if that transition happens.
00:19:54.040you can tell my frustration with these people is growing and my tolerance is waning when like
00:20:01.560after the questions I just start to do like a little bit of a monologue when they walk away
00:20:05.460from me but this is I think an example of what the problem is here and it's why it's so important
00:20:10.840when someone is going to go and tell them no so that's kind of where I am on this whole thing
00:20:17.380right now is that if you want someone to push back against this I do think there is some
00:20:22.080significance to the idea that maybe you have to have a little bit of disruption from within the
00:20:28.000institution. I think boycotting it is ultimately going to be more important because when you boycott
00:20:32.220it, it loses its influence. None of the big money guys are going to spend money just to hang around
00:20:37.740with each other. They need access to politicians for this to be worthwhile. Now, earlier in the
00:20:42.640day, that was actually a bit of a theme that I was trying to get out of some of the conversations I
00:20:46.920had with people. I wanted to really get them to acknowledge what it is that they see in all of
00:20:52.500this. And just to give you some of the raw numbers here, well, Microsoft, Accenture, Salesforce,
00:20:58.760all of these strategic partners of the World Economic Forum, they pay hundreds of thousands
00:21:03.880of US dollars a year to be members of the World Economic Forum. They get then the opportunity
00:21:11.540to spend tens of thousands of dollars a year to buy tickets for the World Economic Forum Annual
00:21:17.560Meeting. It's invitation only, but the invitation is an invitation to pony up, I don't know,
00:21:22.160like $20,000 to buy a ticket here. We get here for free, but we don't get to go inside and enjoy
00:21:27.740their fancy bug sandwiches and whatnot. So that's effectively the racket here. And why are these
00:21:34.280businesses ponying up the cash? My theory on this is that they're getting access to politicians