The Greatest Speech Of The 21st Century.

today I am present to inform you that the Western world is facing a significant threat it is in danger because those who are supposed to defend the values of the western world are co-opted by a world that inevitably leads to socialism and consequently to poverty and economic deprivation unfortunately in recent decades motivated by some well-intentioned desires to help others and others by the desire to belong to a privileged cast the main leaders of the western world have abandoned the of freedom for different versions of what we call collectivism we are here to tell you that experiments are never the solution to the problems that afflict the citizens of the world but rather they are their cause trust me there is no one better than us argentines to provide testimony on these two issues when we embrac freedom in 1860 in 35 years we became the world's first dominant power 35 years we became the first world power while when we embrac collectivism over the the past years we saw how our citizens began to systematically themselves until they fell to the 100th position in the world 40 in the world but before we can have this discussion it would be important for us to First Look at the data that supports why free market capitalism is not only a possible system to end World poverty but also the only morally desirable system to achieve it if we consider the history of economic progress we can see how from year zero until around 1800 the world's per capita GDP remained practically constant throughout the reference period if one looks at a chart of the evolution of economic growth throughout human history one would be seeing a chart with the shape of a hockey stick an exponential function that remained constant for 90% of the time and exponentially shoots up from the 19th century the sole exception to this stagnant history was at the end of the 15th century with America's Discovery except for this from year 0 to to 1800 Global per capita GDP remained stagnant without any significant changes now not only did capitalism generate an explosion of wealth from the moment it was adopted as an economic system but if one analyzes the data what is observed is that growth has been accelerating throughout the entire period during the entire period between year 0 and 1800 the per capita GDP growth rate remains stable at around 0. 02% annually that is pra ially without growth from 19th century with Industrial Revolution growth rate reaches 0. 66 given the current rate it would require a time span of approximately 107 years to achieve a two-fold increase in per capita GDP in 1950 growth rate Rises to 1.

66% annually 50 growth rate Rises to 1. 36% annually we no longer need 107 years to double per capita GDP but 66 if we take the period between 1950 and the year we can see that that the growth rate was 2.