Socialism was an “economic and social” failure, says Milei at Stanford

O president of Argentina, Javier Miley (La Libertad Avanza, right-wing party), stated this Wednesday (May 29, 2024) that “everywhere where socialism was applied it was an economic, social and cultural failure”. The libertarian made the statement at an event at the Hoover Institution, at Stanford University, in San Francisco (USA).

“The more intervention there is, the more property rights are violated and violated, the signal that is transmitted becomes worse and worse. Ultimately, in real socialism and private property, there is no price system and the system collapses.”, he said. The information is from the newspaper The nation.

In his speech, the Argentine president also criticized state intervention in private property, which, according to him, causes a “noise” in the price system.

“The price system is a mechanism for transmitting information, coordinating and adjusting. The event is triggered by the exchange of property rights. Therefore, when the State appears and intervenes, what the State is doing is interfering with property rights. And when intervening in property rights, the signal begins to have noise“these.

This Wednesday morning (May 29), Milei also met with the director of the Hoover Institute, Condoleezza Rice. She is former Secretary of State for Republican George Bush.

Through social networks, Milei shared an image of herself while speaking at the event with the caption “Long live freedom, damn it” and also a record alongside Condoleezza Rice.

“TOUR” IN THE USA

On Tuesday (May 28th) Milei brought together with OpenAI CEO Sam Altman at the company’s headquarters in San Francisco, California (USA). The head of the Argentine Executive said that the meeting was “wonderful”. This Wednesday (May 29), the meeting was with Sundar Pichai, CEO of Google.

mercy it is in the USA to promote the development of AI (artificial intelligence) in Argentina and seek investments for the country. He will also meet with Meta’s Mark Zuckerberg; Tim Cook, from Apple; Elon Musk, from Tesla and SpaceX; and other entrepreneurs in the sector.

Read below some activities planned in Milei’s schedule (Brasília time):

• • on May 29:
    • at 3:30 pm, he will meet with the CEO of Google;
    • at 6pm, he will meet with the CEO of Apple;
    • at 6:30 pm, there will be a meeting with businesspeople linked to the AI ​​development sector.

• • • at 2pm, he will meet with owners of AI startups;
    • at 7:45 pm, he will speak at the “Pacific Summit”;
    • at 8:15 pm, there will be a meeting with the CEO of Meta.

• • at 6 pm, he will return to Argentina, making a brief stop in El Salvador for Bukele’s inauguration ceremony.

In June, Milei’s international agenda will continue with a trip to Europe. He will participate in the G7 meeting (group of the 7 largest economies in the world) in Italy and will visit Spain, Switzerland, Germany, France and Ukraine.