In Davos, politicians and people from the business world discussed the fight against poverty. In fact, such conferences are completely pointless in the fight against poverty. In his speech, Javier Milei said that only more capitalism helps in the fight against poverty. And he's right!
This is evident when you compare Nepal and Vietnam, for example. Nepal is ruled by a Maoist, while Vietnam identifies as socialist. Yet these two Asian countries could not be more different: since the launch of free-market reforms in the late 1980s, an entrepreneurial spirit has flourished all over Vietnam, making it one of the most globalized nations in the world. In contrast, Nepal remains isolated. Vietnam welcomes investors from around the globe, whereas Nepal attempts to keep them out.
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