{"id":2162270,"date":"2024-01-29T17:07:02","date_gmt":"2024-01-29T22:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/there-is-no-plan-b-argentinas-president-milei-takes-hard-line-on-return-to-capitalism\/"},"modified":"2024-01-29T17:11:07","modified_gmt":"2024-01-29T22:11:07","slug":"there-is-no-plan-b-argentinas-president-milei-takes-hard-line-on-return-to-capitalism","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/there-is-no-plan-b-argentinas-president-milei-takes-hard-line-on-return-to-capitalism\/","title":{"rendered":"Argentina&#8217;s President Milei firmly advocates for a return to capitalism, asserting that there is no alternative plan"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthere-is-no-plan-b-argentinas-president-milei-takes-hard-line-on-return-to-capitalism%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2162270&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Highly conservative new Argentinian president Javier Milei stated \u200dbluntly, \u201cEvery single state company that I can sell I will do as soon as possible.\u201d<\/h2>\n<p style=\"font-weight: 400\">Milei conducted an <a href=\"https:\/\/www.wsj.com\/video\/exclusive-argentine-president-milei-says-theres-no-plan-b-for-economy\/553AA5B2-E861-4942-A852-E89BF4D203CE?mod=hp_trending_now_video_pos1\">exclusive interview<\/a> with Wall Street Journal Editor-in-Chief Emma Tucker, who asked, \u201cI want to know how \u200blong you think the \u2063Argentine people can wait to see signs that your plan is working.\u201d<\/p>\n<p style=\"font-weight: 400\">\u201cThey understand\u2062 that this process can\u200b take about two years,\u201d Milei, who promised\u2064 to \u200bchange the currency from \u200bthe peso to the U.S. dollar\u200c and close the \u2062Central \u2062Bank, answered. \u201cAnd even if \u200dthere\u2019s a warning sign, saying it is hard\u2063 to bear the austerity for more than a year, the truth\u2063 is that when \u2064we begin to see the way in which the data\u2062 is flowing and how inflation is moving, we ourselves are surprised\u200c at the speed with which\u200b we are achieving results.\u201d<\/p>\n<p style=\"font-weight: 400\">\u201cYou were just in Davos, and your speech in Davos generated a lot of attention,\u201d Tucker noted. \u201cI want to know, what else do you need from\u200b your supporters beyond words? Is, for example, Argentina receiving new investments?\u201d<\/p>\n<p style=\"font-weight: 400\">\u201cIt is \u200btrue that we would need investments because one of the things that happens is that \u200dwhen\u200b you make fiscal adjustments, you increase savings.\u2062 If \u200bthose savings are\u200c not paired up with investments, economic activity drops, followed by employment rates, and finally real wages,\u201d Milei replied.<\/p>\n<p style=\"font-weight: 400\">\u201cPrivatization. How quickly do you plan to \u200dmove forward with\u200c your agenda?\u201d Tucker asked.<\/p>\n<p style=\"font-weight: 400\">\u201cAs fast as I can,\u201d Milei stated. \u201cEvery single state company that I can sell I will do as soon \u200das possible. The thing is that there are institutional restrictions.\u201d<\/p>\n<p style=\"font-weight: 400\">\u201cWhere will you start? With Aerolineas Argentas? The trains?\u201d Tucker pressed.<\/p>\n<p style=\"font-weight: 400\">\u201cWhatever we can we will privatize. I mean, it\u2019s\u200d not a question of naming which companies; it\u2019s just a matter of technical constraints in terms of time,\u201d Milei said. \u201cIn the last month, we bought $5 billion\u200b and the monetary base in \u2063Argentina is close to $8 billion, around $7.5 billion, so that if we \u2062finished cleaning up all the interest-bearing liabilities of the Central Bank, we would be able to dollarize \u2064for very \u2062little money.\u201d<\/p>\n<p style=\"font-weight: 400\">\u201cAre you still\u2063 thinking about\u200b adopting the dollar?\u201d Tucker queried.<\/p>\n<p style=\"font-weight: 400\">\u201cIn reality, we have always talked about a free competition\u2062 among currencies. It\u2019s a matter of what Argentines choose, and it is likely that at an initial moment, they will \u2062choose the dollar,\u201d Milei asserted.<\/p>\n<p style=\"font-weight: 400\">\u201cDo you have a plan\u2062 B?\u201d Tucker asked.<\/p>\n<p style=\"font-weight: 400\">\u201cNo. there is no plan B. There is no plan B to \u2062do things right. You either do things right or you do them right.\u200c Because if plan B is to \u2062start doing things halfway or compromise, that\u2019s the story\u2063 of Argentina, and that\u2019s where we are now,\u201d Milei told her.<\/p>\n<p> <\/p>\n<h2> What \u2064concerns do critics have about the feasibility \u2064and sustainability \u200cof Milei&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-amy-klobuchar-introduces-big-tech-antitrust-bill-proposal\/\" title=\"Sen. Amy Klobuchar Introduces Big Tech Antitrust Bill Proposal\">proposed reforms<\/a><\/h2>\n<p><span>  Mple, the\u2063 ruling institutions supporting\u2062 you?\u201d<\/p>\n<p style=\"font-weight: 400\">Milei \u2063explained\u2063 that he needs\u200b the support of the Argentine \u200dpeople, \u200bnot just verbally, \u2064but also in actions\u2064 and decisions. He believes that\u2062 the Argentine people have\u2063 been held hostage by the state for too long and need to reclaim their individual liberties and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gov-newsom-lifts-calif-lockdown-orders-amid-mounting-backlash\/\" title=\"Gov. Newsom lifts Calif. lockdown orders amid mounting backlash\">economic freedom<\/a>.<\/p>\n<p style=\"font-weight: 400\">\u201cI need people to start understanding\u200c that \u200bthe state is not their friend,\u201d Milei stated. \u201cThe\u2063 state has only served to hinder \u2062their progress and limit their opportunities.\u2062 It\u2063 is time for us\u2062 to break free from the shackles \u2064of the state and let the free\u2064 market thrive.\u201d<\/p>\n<p style=\"font-weight: 400\">The \u2062proposed plan by Milei to \u200csell state-owned companies and change the currency to the U.S. dollar has sparked\u2064 both support and criticism. \u200bSome\u200d believe that these measures will help stabilize the economy and attract foreign \u200binvestment. Others argue that it could\u2062 lead to job losses\u2063 and \u200bfinancial instability.<\/p>\n<p style=\"font-weight: 400\">Milei remains confident in his plan and believes that\u2063 by implementing these reforms, Argentina can become an economic powerhouse in the region. He \u2062points\u200d to countries such as Singapore and Hong Kong as examples\u2063 of the success that can\u200d be achieved through free markets and \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tucker-carlson-shreds-asa-hutchinson-over-transgender-treatments-for-kids\/\" title=\"Tucker Carlson criticizes Asa Hutchinson on transgender treatments for children.\">limited government intervention<\/a>.<\/p>\n<p style=\"font-weight: 400\">\u201cWe \u200chave seen the failures of socialism and \u2064statism,\u201d Milei emphasized. \u201cIt is time for us to embrace capitalism and individual freedoms. Only then can we truly unleash the potential of our people and our\u2062 economy.\u201d<\/p>\n<p style=\"font-weight: 400\">Critics argue that the \u2062proposed reforms may not be \u200cfeasible or sustainable in the \u200blong\u200b term. They worry about \u200dthe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysis-nigeria-squanders-oil-price-bonanza-as-gasoline-subsidies-soar\/\" title=\"Analysis-Nigeria squanders oil price bonanza as gasoline subsidies soar\">potential social unrest<\/a> and inequality that may arise from the \u200drapid changes. Milei acknowledges these concerns but <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dea-issues-public-safety-alert-amid-surge-of-counterfeit-pills\/\" title=\"DEA issues public safety alert amid surge of counterfeit pills\">remains optimistic<\/a>\u2063 about the future.<\/p>\n<p style=\"font-weight: 400\">\u201cChange \u200dis never easy, but\u200b it is \u200dnecessary,\u201d Milei stated. \u201cWe\u200c cannot keep doing the\u200c same things and expecting different results. It is time for\u200c bold and decisive action.\u200d Argentina has the potential to\u2062 be \u200da leader\u200d in the \u2064global economy, but we must\u200d first liberate ourselves from the \u200dbondage \u200dof the\u2063 state.\u201d<\/p>\n<p style=\"font-weight: 400\">The interview with Milei has sparked debate and discussion \u2064among economists,\u2063 politicians,\u200d and \u2063the general public. \u200bThe future of Argentina&#8217;s economy and the \u2062success of \u200dMilei&#8217;s proposed reforms remain uncertain. Only time will \u2063tell if his\u200c vision for a conservative and economically liberal Argentina will come to\u2063 fruition or if\u2062 it will face challenges and obstacles along the way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highly conservative Argentinian President Javier Milei plans to sell every state company he can as quickly as possible. In an interview with Wall Street Journal Editor-in-Chief Emma Tucker, she asked how long it would take for the Argentine people to see signs of change<\/p>\n","protected":false},"author":60,"featured_media":2162271,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2162270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2162270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2162270"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2162270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2162271"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2162270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2162270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2162270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}