Argentina President Javier Milei extolled capitalism while blasting socialism during a speech at the World Economic Forum annual meeting in Switzerland. Milei delivered the speech after being introduced by WEF founder and executive chairman Klaus Schwab."The problem is that social justice is not just‚" Milei said‚ according to an English interpretation of his remarks. He said that "taxes are collected coercively‚" and "the higher the tax burden‚ the higher the coercion‚ and the lower the freedom." The libertarian economist‚ who took office last month‚ declared that "collectivist experiments are never the solution to the problems that afflict the citizens of the world‚ rather they are the root cause." He said that "free enterprise capitalism is not just the only possible system to end world poverty‚ but also ... the only morally desireable system to achieve this."Milei said that "socialism is always and everywhere an impoverishing phenomenon‚" which failed in every nation where it has been attempted. He said that socialism has failed "economically‚ socially‚ culturally. And it also murdered over a hundred million human beings." He said that "states don't need to directly control the means of production to control every aspect of the lives of individuals‚" as they can engage in "printing money‚ debt‚ subsidies‚ controlling the interest rate‚ price controls."Milei described business people as "heroes." "The state is not the solution‚ the state is the problem itself. You are the true protagonists of this story‚" he said.In an interview with the Economist last year‚ Milei described himself as an "anarcho-capitalist." Like Blaze News? Bypass the censors‚ sign up for our newsletters‚ and get stories like this direct to your inbox. Sign up here!

A person who claims to be a socialist atheist teacher went viral after posting his personal financial situation and then demanding that student loans be cancelled. Steven Cotterill said that he and his wife had racked up $70‚000 in combined student loan debt but still owed $60‚000 after more than two decades. "My wife and I left graduate school 23 years ago with a combined total of $70‚000 debt. Since then we've made $500 monthly payments for 23 years ($120‚000+). Today‚ we still owe $60‚000‚" wrote Cotterill on Tuesday. — (@) "Explain to me again why student loan debt shouldn't be cancelled‚" he added. While the tweet received a lot of support among those who want to see student debt cancelled‚ others criticized Cotterill by pointing out that the outstanding debt was likely because they chose to make interest-only payments. "Because this isn’t the responsibility of the people who didn’t make the voluntary decisions you did‚" responded Charles C.W. Cooke of National Review. "Because you borrowed at a roughly 8.5% interest rate in the late 90s‚ never refinanced even as interest rates collapsed‚ made only the minimum interest payment‚ and failed to take advantage of the 3-year payment pause. Bad financial planning does not merit a government bailout‚" replied Brian Riedl of the Manhattan Institute. "If you have multiple graduate degrees in your household &; don't have any clue how to manage your money‚ that's a you problem‚ not a society problem. Pay. Your. Bills‚" wrote historian and writer Mike Coté. "The rest of us chose to give up things like luxuries and vacations and pay our debts. We aren't paying yours‚ too‚" responded writer Dan Gainor. "Because taxpayers shouldn’t bail out your bad financial decisions. Ever heard of refinancing? Ever heard of paying more than the minimum? And you had an unearned three-year pause. No sympathy‚ sorry." replied Ilya Shapiro of the Manhattan Institute. The original tweet garnered more than 10.6 million views on X‚ formerly known as Twitter. Cotterill tried to clarify the meaning of his tweet after being heavily criticized. "It seems that the issue of student loan forgiveness is somewhat controversial in the United States‚" he added a day later. "My original post does not ask that my wife and I receive student loan forgiveness. It merely states our facts and then asks a question." President Joe Biden promised to excuse student loan debt as a part of his 2020 presidential campaign‚ but he has only been able to forgive selective debts. Many in the media have also been excoriated on social media for only presenting the left-wing side of the student loan debate. Here's more about the student loan debate: Why Biden’s student loan relief plan is a SOCIALIST FAILURE Like Blaze News? Bypass the censors‚ sign up for our newsletters‚ and get stories like this direct to your inbox. Sign up here!

As one of the 100th Bomb Group’s “Masters of the Air‚” Major John C. Egan not only flew the most dangerous missions alongside his men‚ but he also hand wrote personal letters to the families of men who got shot down. The post The Incredible Story Of John Egan‚ The World War 2 Pilot Who Gave The ‘Bloody 100th’ Bomb Group Its Personality appeared first on All That's Interesting.

Pepper X has recently been named the hottest pepper in the world‚ but it's far from the only spicy chili that's setting tongues ablaze. The post The 7 Hottest Peppers In The World‚ From Pepper X To Naga Viper appeared first on All That's Interesting.

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Google CEO Sundar Pichai. | Illustration by Cath Virginia / The Verge Google has laid off over a thousand employees across various departments since January 10th. CEO Sundar Pichai’s message is to brace for more cuts. “We have ambitious goals and will be investing in our big priorities this year‚” Pichai told all Google employees on Wednesday in an internal memo‚ part of which was shared with me. “The reality is that to create the capacity for this investment‚ we have to make tough choices.” So far‚ those “tough choices” have included layoffs and reorganizations in Google’s hardware‚ ad sales‚ search‚ shopping‚ maps‚ policy‚ core engineering‚ and YouTube teams. “These role eliminations are not at the scale of last year’s reductions‚ and will not touch every team‚” Pichai wrote in his memo — a reference to... Continue reading…