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Montevideo, November 16th 2018 - 16:05 UTC

Argentine president calls for an end to anarchy and a return to “real capitalism”

Thursday, November 3rd 2011 - 14:57 UTC
Full article 14 comments
CFK received by G20 host French president Nicholas Sarkozy CFK received by G20 host French president Nicholas Sarkozy

During Thursday’s meetings of the Group of 20 in Cannes, Argentine President Cristina Fernández for G20 leaders to put a stop to the current “anarchistic economic capitalism” and regulate the markets, not the countries, to go back to what she referred to as “real capitalism” after three years of world economic crisis.

“What I am putting forward is to move back to real capitalism, because what we are experiencing now is not capitalism. This is a complete anarchistic slant on financial capitalism, where no-one controls anyone” stated the Argentine leader during the business meeting.

The head of State later affirmed that “it’s time for the world to change its current situation, even though to be able to change, it is necessary to address certain interests, small but powerful.”

“Many times it can be better to face those powerful interests, which in the future will face the fury of society. I tell those, due to the experience Argentines lived through in 2001,” underlined the President before businessmen and authorities of the Business-20 in Cannes.

Cristina Fernandez earlier praised the achievements made in Argentina, underlining the increased productivity, particularly placing a focus on technology and science. Later in her speech she also looked upon what changes need to be made within the country, with regard to the urbanization of rural areas.

The Argentine president praised the young professionals who “move to larger cities to study” helping to further develop society in smaller towns.

The meeting took place in the Martínez Hotel in Cannes, where CFK was accompanied by Foreign Minister, Héctor Timerman, Agriculture Minister, Julián Domínguez, Labour Minister, Carlos Tomada and Industry Minister Débora Giorgi as well as the presidential spokesperson, Alfredo Scoccimarro.
 

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  • wesley mouch

    By “real capitalism” CFK means crony capitalism like Argentina where the Peronists and their cronies steal everything in sight. Just look at the farmers who were fleeced by prohibitive taxes on grains. She runs a mercantilist shop where all the nuances of trade are managed by her and her cronies. This will not end well. A massive devaluation and instant poverty awaits.

    Nov 03rd, 2011 - 03:23 pm 0
  • so_far

    #1

    Are you related with Lilita Carrio or Nostradamous ??

    Shut up ignorant and learn a bit from your own media about Argentina....is not possible hide the truth whatever you try little individual.

    :)

    http://en.mercopress.com/2011/11/03/chile-argentina-and-uruguay-with-highest-human-development-index-in-latam

    Nov 03rd, 2011 - 03:45 pm 0
  • Yuleno

    Unfortunately Wesley you appear to be blinded by what you believe is Peronism and stealing.real capitalism is stealing.the problem is that the stealers get smaller in numbers and the stole from become greater in number.what you are saying is that cfk is like the others but they exist all over the capitalist world don't they and not just in Argentina.you just don't mind others doing it.you should join the protests and support diversity or as cfk calls it anarchist.

    Nov 03rd, 2011 - 03:48 pm 0
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