Karl Marx

Martin Armstrong: ‘The West Has To Learn That Marx Was Just Wrong’

The final post of last week concerned recent material from my research suggesting socialism is becoming popular among Millennials. I ended with this:

Before moving on to a different topic, I must emphasize these last two posts shouldn’t be construed as some sort of attack on Millennials, Democrats, or socialism. Rather, their purpose was to get an idea of where the country might be heading when “America’s largest generation” start flexing their collective political muscle. And what might be required for “protecting and growing self and wealth” when that happens.

I’m going to add just one more thing before departing this subject. And it’s related to getting that “idea of where the country might be heading.”

Back on November 28, 2017, economist Martin Armstrong discussed China in a post on his company’s website. The creator of the Economic Confidence Model included the following in the piece:

What makes the US economy the biggest? The American consumer and lower taxes than Europe. When you leave more money in the hands of the people, they spend it creating jobs for everyone. Europe is following Marx. They think the government is better equipped to spend other people’s money. That produces corruption, not economic growth.

As long as China keeps its tax rate low and allows the people to spend the benefits of their labour, then it will continue to rise economically and displace those in the West who are blinded by power and pursue this Hunt forever more Taxes. The West has to learn that Marx was just wrong. The strongest economic growth unfolds when people are allowed to spend their own money.

(Editor’s note: Bold added for emphasis)

Again, this post is not an attack on socialism/Marxism. But considering the track record of Marxist states in dealing with “self and wealth,” it only makes sense those serious in “protecting and growing” these things would keep a close eye on the direction the collective political mindset of America’s youth is heading. And act accordingly.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Armstrong, Martin. “Renminbi v the Dollar.” Armstrong Economics Blog. 28 Nov. 2017. (https://www.armstrongeconomics.com/international-news/china/renminbi-v-the-dollar/). 10 Dec. 2017.

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U.S. Falls To 15th In Democracy Rankings

Back when I was toiling away on “The Most Hated Blog On Wall Street” a couple of years ago, I came across something that made me chuckle. I don’t remember the source, but in the wake of all the government bailouts and intervention after the global financial crisis really reared its ugly head in 2008, it was said one of the most popular books in Russia at the time was Adam Smith’s The Wealth of Nations.

While in America, Karl Marx’s Communist Manifesto was a hot item.

I have a feeling this was more commentary than fact, but what reminded me of this was something I stumbled on the other day on the Washington Times website. Jennifer Harper blogged on the Water Cooler on December 17:

A new rating of the most “democratic” nations on the planet places the U.S. in 15th place in a list of 104 countries. Who made the assessment? The Vienna, Austria-based Democracy Ranking annually rates the democracy among world populations based on “quality,” taking into account such factors as political rights, civil liberty, press freedom, corruption, political stability, “gender gap” issues and myriad socioeconomic indicators.

Nordic nations — where governments tend to flirt with socialism — dominate the lead. The top 10 nations on the list are Norway, Sweden, Finland, Switzerland, Denmark, Netherlands, New Zealand, Germany, Ireland and Austria.

Harper noted that the United States dropped from 14th to 15th place in the latest rankings.

Next time some politician or somebody else proclaims we live in a model democracy, a beacon for the world to follow, I’ll have to remember these rankings.

In the meantime, it’s business as usual here in Amerika.


“Glenn Beck presents the Obama National Anthem”
YouTube Video

Just kidding. I’ll keep toiling on in the plutocracy.

You can find out more about the Democracy Ranking’s findings on their website here.

Source:

Harper, Jennifer. “’Most democratic’: U.S. is 15th on the list.” Water Cooler. 17 Dec. 2012. (http://www.washingtontimes.com/blog/watercooler/2012/dec/17/most-democratic-us-15th-list/). 20 Dec. 2012.

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Thursday, December 20th, 2012 Corruption, Europe, Freedom, Government, Socialism No Comments
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

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