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why is bf investment limited (533303) falling ✌️【Asset】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. Brazilian UFC fighter Renato Moicano had just rallied back from an early-round beating to win a lightweight bout this month when he grabbed a mic to shout out his favorite economist.
“I love private property and let me tell you something, if you care about your country, read Ludwig von Mises and the six lessons of the Austrian economic school,” Moicano, his cheekbone bloodied, roared, along with a pair of profanities.
Footage of the mixed martial artist’s tribute soon went viral on social media, where many in the United States were quick to comment on the seemingly bizarre incongruity of the scene.
But for those with their fingers on the pulse of Latin American politics, it likely appeared far less surprising. Because in South and Central America, the Austrian-American laissez-faire champion Mises, who died in 1973, is having something of a moment.
In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. A rash of think tanks and media influencers who champion his ideas have consolidated his influence. And in El Salvador and Argentina, Mises’ ideas have made their way into the speeches and policies of presidents.
“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen.
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But his strident rejection of socialism has found a foothold in places like Brazil, where a “Less Marx, More Mises” movement has swelled over the past 15 years in a backlash to the ruling center left party, propelled by the growth of social media and a series of corruption scandals, according to Camila Rocha, a political scientist and researcher at the Brazilian Center of Analysis and Planning.
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In 2015, the “Less Marx, More Mises” slogan made its way onto the posters brandished by protesters in Brazil’s massive right-wing demonstrations, which foreshadowed the rise of former President Jair Bolsonaro, who would later embrace the libertarian flank.
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But the idea has also been espoused by free market economists outside the Austrian school, like Milton Friedman, (after whom one of Milei’s dogs is named), Raisbeck said.
Instead, Raisbeck said, Mises’s fingerprints might be clearest in Milei’s anti-socialist rhetoric, like his January speech before the World Economic Forum in Davos, where he argued the West had to be wrested back from leaders “co-opted by a vision of the world that inexorably leads to socialism and thereby to poverty.”
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It’s also driven traffic toward Moicano’s YouTube channel and a new podcast, which might be considered no bad thing in the mind of a free-market capitalist.
“If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother. That’s the whole thing.”
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