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October 24, 2022 | Can Society Ever Learn for its Mistakes?

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.

QUESTION #1: Hi Martin
Do you ever wish Socrates was wrong? Sometimes I do!
All the best
Maria

QUESTION #2: Marty; I have been following you since the Nineties. You have never been wrong, or should I say, Socrates. I also know how you have saved many companies since I was there at the board meeting ——–. I also know you have tried your best to influence Washington, and have resigned yourself to giving up. Do you think that Socrates could ever be wrong?

PM

ANSWER: I have simply taken the view that it is better to see a punch coming than to be sucker-punched. The world will not end. It is merely indeed a Great Reset which I think Schwab has taken from our model. He is trying to make it happen and push the outcome in his direction. Schwab is just an old academic. They theorize things rather than try to discover how things function. Smith tried to figure out how it worked. Marx tried to change how it worked. That remains the difference between Klaus and me.

Yes, I have tried to get through to those in power in vain. They turned to Klaus because of his way they got more power. They would have to surrender power if they chose my way. I can wish the outcome would be different – of course. Perhaps when I am gone, someone will champion what I have discovered like Smith during the post-2032 era. As individuals, we learn from our personal experiences. Our problem is that society repeats history because it is incapable of ever learning from past mistakes as an individual. Leaders are replaced, and never do they reflect upon the past. They all have some idea they assume it’s always new.

We need to create a system that learns from the past. Perhaps something like Socrates, where you ask it a question, and it returns an unbiased answer. Perhaps then society, just for once, could actually advance instead of moving two steps forward and three back.

So yes, I wish Socrates would be wrong. But on the other hand, I also realize that is impossible until society can learn from its past mistakes like a child and retain that knowledge to advance society – just once!

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October 24th, 2022

Posted In: Armstrong Economics

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