Thursday, January 25, 2024

Two More WEF Critics

MV came to class this week, and wanted to know if I'd heard about Javier Milei's incendiary speech at the WEF.

In response, I asked if he'd seen what the president of the Heritage Foundation had said at the WEF.

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Milei is the recently elected President of Argentina. Argentina is every macroeconomists best example of how government's pursuit of bad policies for long periods of time can immiserize a country. Milei ran under a platform for a radical change in direction that Americans might call libertarian. He's worked as an academic macroeconomist, and has a decent research record. In public events he's known for being ... Trump-like.

The Heritage Foundation is one of the big, conservative, think tanks in Washington D.C. I would describe it as more economically-oriented than most D.C. think tanks. It's current president is Kevin Roberts, a historian. I don't know much about him: he's been very low profile.

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Here's a Newsweek piece entitled "Two Conservatives Challenge the Davos Divas", which quotes from both speeches.

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FWIW: Print magazines are fading away, but for decades, Time and Newsweek were the big two current event magazines. Many households got one or both. Historically, they've both been centrist, with Time leaning towards the Republic Party as it was before Reagan (much less Trump), and Newsweek leaning toward the conventional Democratic Party view that has faded a bit over the last 10 years. Newsweek has always covered conservatives and their views a bit, but I've rarely seen anything as glowing as this piece. I guess they also liked the hammering of the WEF that everyone seems to be doing this year.

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