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April 29, 2019 | The Death of Socialism

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Socialism is dying because governments have made promises they cannot keep. Now when people expect that they will be there, they suddenly find the promises have been constantly revised. They always point to the rich and how they will make them pay. Everything who thinks they cannot possibly be the rich cheer, but at the end of the day, their taxes never decline and the promised-land seems further and further away. While economically, all parties on the left, always offer crumbs to the poor, they are busy stealing from the public treasury and handing out favors to lobbyists who donate to their campaigns. Then they pretend there is also a considerable religious divide with the greedy rich and the warm and caring politicians who feels your pain. No matter what they say, somehow raising the taxes on the rich miraculously always somehow ends up raising everyone else’s taxes as well.

Socialism is dying and in the process this will only inspire violence. People believed in this system. They really believed those in power had their best interests at heart. Unfortunately, we are moving into this darkness where more and more people are beginning to realize that government is the number one problem – not Global Warming.

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April 29th, 2019

Posted In: Armstrong Economics

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