Armstrong Economics Blog/Economics
Re-Posted Jul 4, 2018 by Martin Armstrong
QUESTION: It seems that the Democratic Party is turning really socialist. The DNC Chair Tom Perez said the Socialist Ocasio-Cortez is the “future of our party” and it seems they just ignore the socialist path in places like France which you pointed out their stock market peaked back in 2000 and has not participated in the bull market like just about every other country. They also ignore how socialism destroyed Venezuela. Is this the socialist fight and last stand?
ANSWER: I have said before that we are in the throes of the collapse of socialism. All the socialistic programs are collapsing. That said, the socialists will make a major attempt to force their will upon the majority. They see the economy as a zero-sum game. They do not believe that someone can get rich without exploiting the worker following Marx. They do not believe in human individuality, talent, or economic advancement. Anyone who comes up with a new invention that furthers the economy and creates jobs like the automobile is really exploiting the working class. It is a logic that is just so fundamentally anti-humanity and remains just astonishing. What about a sports player? The salaries they earn also exploit the poor?
The Democratic Party had effectively a knee-jerk reaction to the Great Depression. The soared for that first election and have been in a bear market ever since. Yes, you are correct. France is the MOST socialistic country in Europe. Macrone is trying to break the unions, but it is not easy. The cab drivers encircled Paris and blocked traffic until Uber was declared illegal. Nobody looks at the consumer and how Uber would lower the costs of transportation for the average person rather than cab drivers who are exploiting the people under the socialist flag. Since Uber, restaurants are doing better because people can drink without worry and just call Uber instead of driving.
The truth is that socialism exploits the average person. It robs them of their individuality, freedom, and ability to ever rise up the economic ladder. So while the Democrats are celebrating the 28-year old Ocasio-Cortez as the future of their party, they ignore that the Constitution was supposed to guarantee Equal Protection of the law, with no exception that you make too much money. Even the Ten Commandments prohibits lusting after another’s property. It does not matter that what they preach is anti-human, converts everyone to an economic slave of indentured servitude. How? If you are born American and live in another country, then you still must pay taxes they call your fair share. However, exactly how is this a fair share when you use no such services? Their version of “fair share” is simply you owe taxes as an economic slave for whatever you produce anywhere in the world entitles them to their “fair share” of your productive capacity.
In all honesty, I see no logic in what they preach. It is exploiting other people because they are indistinguishable from a thief who enters your home in the dark of night. They justify what they do in saying you have too much and you should share it also with them.
Well happy 4th of July. Perhaps just maybe one day we will really win our independence and be free of exploitation by socialists who cannot sleep at night dreaming of how they will spend your money. The Democrats want to raise taxes to 70% and reverse everything that Trump has done on taxes. If they did that, I just quit. There is no point in working anymore for them. It is time for Atlas to shru