Mr Milei of Argentina was invited to the annual meeting of WEF at Davos this year, a few days ago in 2024. And to oblige the other attendees, he derived a speech. It was a not-so-cleverly out together a speech on the expected lines –

a) How some misguided do gooders are calling for a restriction of unlimited capitalism for the benefit of poorer section of the human population on the planet. Argentina, Mr Milei continues, is an example of how capitalism has elevated the wealth level in Argentina, including the poorer class, which socialism breeds poverty.

Although this is an age-old and often travelled path, I shall try to put a fresh perspective on the topic, stating that both sides of the argument are dead wrong. It is not capitalism or socialism. that is killing the human society along with the earth. It is the misconception, on both sides of the aile, and perpetual growth of any kind is possible on a finite element that is planet earth.