00:00Así que estamos viendo que la empresa libre se mueve a través de este hemisferio, muy interesante.
00:06Mucho de la extranjera de la izquierda y el socialismo, moviendo hacia la economía libre de margen.
00:14Argentina es probablemente el mejor ejemplo, pero por lo menos no el único ejemplo.
00:19Yo estuve con el Ministerio de Finanzas de Polonia, él estaba hablando de las reformas.
00:24I sat next to the finance minister of Italy, who was moaning and groaning that he can't get his reforms
00:30through, but he had the right idea.
00:32We're seeing this now. I'd like to see more of it in Europe.
00:36I think Europe is too sclerotic. I think it needs a dose of deregulation, probably needs lower tax rates as
00:43well.
00:44But my point here is, with all this talk about socialism, I don't know where it comes from.
00:49We have a prosperous, free enterprise economy.
00:54We go into the elections, it's going to go beyond the elections.
00:58These are such important changes, and it works.
01:01The point is, the theory is no good if the facts don't back it up.
01:05What I'm saying is the facts do back it up.
01:08Look, I agree, and we've seen some great examples.
01:11I think we have a generational opportunity in the Western Hemisphere.
01:15As you said, it was led by Argentina and the reforms there.
01:20Everyone said it couldn't be done.
01:22And now we are seeing the inflation drop, the change in economic circumstances.
01:31And Larry, I thought what was most interesting, and when you talk about socialism here in the U.S.,
01:36when we look at the demographic of those voters, they are overeducated and under-earning.
01:43So these are underachievers who are jealous of those who want to go and work every day.
01:50And if you were to dissect the last election that President Malay had,
01:55that it was the poorest segment of society and the young people who came out and voted for him.
02:01That's right.
02:01But as you said, we're seeing Argentina, we're seeing Bolivia, we're seeing Colombia,
02:06we're seeing Chile come back, Ecuador, and I think we can see many more.
