Many people are heralding this speech given by Javier Milei as a confrontation to the mindset of the World Economic Forum (WEF) meeting in Davos.

Because so many people made a similar assertion, I had to listen to it twice, because I just didn’t get that takeaway.  I still don’t.   The first 10 minutes is an academic review of the history of free-market capitalism; the latter 10 minutes decries the failures of those economic systems who attempted socialism, including his own homeland of Argentina.

While the last half of the speech is strong, factually good pushback against the academic socialistic mindset, he never really addressed the issue that is at the core of modern, Western, economic corruption – the merge of the corporation and the state.

Capitalism vs Socialism was a debate well covered during the Soviet era and subsequent collapse of the Berlin wall.  The 2020’s challenge is entirely different, fascism.

Traditional Fascism was defined as an authoritarian government working hand-in-glove with corporations to achieve totalitarian objectives.  Essentially, a centralized autocratic government headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.

That governmental system didn’t work in the long-term because free people rejected government authoritarianism; so, we went to war and killed the fascist support system. Fascist governments collapsed, and the corporate beneficiaries were nulled and scorned.  Then along came a new approach to achieve the same objective.