The Future of Capitalism

When I speak of the future of capitalism, I mean the future of competitive capitalism—a free enterprise capitalism. In a certain sense, every major society is capitalist. Russia has a great deal of capital, but the capital is under the control of governmental officials who are supposedly acting as the agents of the state. That turns capitalism (state capitalism) into a wholly different system than a system under which capital is controlled by individuals in their private capacity as owners and operators of industry. What I want to speak about tonight is the future of private enterprise—of competitive capitalism.

The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system. Continue reading

Soros behind violent Trump protests – again

Please see the source for the video.

(TRUNEWS) Protesters gathered outside of a rally in Albuquerque last night to demonstrate against GOP presidential candidate Donald Trump.  They threw rocks and bottles at police, as they tried to storm the convention center by knocking down barricades.   Several officers were hurt. Continue reading

Pope Francis: Marxist or Catholic Corporatist?

Pope Francis is adamantly opposed to free-market capitalism, and he denies being a Marxist. What does this make him? You need to know the answer!

Pope Francis has once again shaken things up on the world scene. He has written a new apostolic exhortation, “The Joy of the Gospel,” which declares an official enemy for the Catholic Church: free-market capitalism.

“Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world,” Francis wrote in his exhortation. “This opinion, which has never been confirmed by the facts, expresses a crude and naive trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.” Continue reading

ISIS in Europe: How Deep is the “Gray Zone”?

In the 1970s and ’80s, Europe was terrorized by Communist armed groups, such as the Germany’s Baader Meinhof (pictured in black and white), which had a “gray zone” of millions of suspected sympathizers. Today’s European jihadists, such the late Paris attack mastermind Abdelhamid Abaaoud (right), have a much deeper “gray zone” of sympathizers in the Muslim communities of Europe.

 

  • Among young European Muslims, support for suicide bombings range from 22% in Germany to 29% in Spain, 35% in Britain and 42% in France, according to a Pew poll. In the UK, one in five Muslims have sympathy for the Caliphate. Today more British Muslims join ISIS than the British army. In the Netherlands, a survey shows that the 80% of Dutch Turks see “nothing wrong” in ISIS.
  • Even if these polls and surveys must be taken with some caution, they all indicate a deep and vibrant “gray zone,” which is feeding the Islamic jihad in Europe and the Middle East. We are talking about millions of Muslims who show sympathy, understanding and affinity with the ideology and goals of ISIS.
  • How many Muslims will this ISIS virus be able to infect in the vast European “gray zone”? The answer will determine our future.

In the 1970s and ’80s, Europe was terrorized by a war declared by Communist armed groups, such as the Germany’s Baader Meinhof or Italy’s Red Brigades. Terrorists seemed determined to undermine democracy and capitalism. They targeted dozens of journalists, public officials, professors, economists and politicians, and in Italy in 1978, even kidnapped and executed Italy’s former prime minister, Aldo Moro.

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When the China Bubble Bursts

Sunday’s “Beware a Wounded Dragon” post prompted the need for a 2011 article written by geopolitical expert, JR Nyquist. This is one you won’t want to skip over.

Note: Defunct links have been replaced with a Wayback Machine link.

 

If the world has invested in the wrong things, and China is one of those things, then the bursting of the China bubble may be the greatest catastrophe of all. China’s financial system is a mess, and a major crisis cannot be far off. With the U.S. economy dipping lower and Europe facing its own financial nightmare, China cannot postpone its own day of reckoning. So what will China’s leaders do? What plans have they made?

To give readers some idea of the problem, a recent WikiLeak revealed that the U.S. had advanced knowledge of a secret Chinese missile test last year. In response to this revelation, Chinese Gen. Xu Guangyu told the South China Morning Post that American officials possessed enough advanced detail to suggest the presence of a sensitively placed U.S. spy in China’s rocket forces. According to the South China Morning Post, Gen. Xu said that “if China could no longer keep secret its missile launches, it would not be able to launch a surprise attack on the U.S.”

But why would China want to launch a surprise attack on the U.S.?

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Why Would We Sell one of our Stock Exchanges to China?

In the past, China has threatened to nuke the U.S. Dollar (which they are now doing, albeit slowly) and literally exterminate Americans on the homeland where they guaranteed hand-to-hand combat is around the corner.

You could always read the following for more proof:

War Is Not Far from Us and Is the Midwife of the Chinese Century

China’s Military Threatens America: ‘We Will Hurt You’

China’s leader is telling the People’s Liberation Army to prepare for war

It would be insane to let enemies of your nation inside the gate, but the United States did just that. You can only wonder if enemies were already inside the gate via fifth column and just let the rest of their team in.

Further thought on an earlier story:

 

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A frightening article in today’s UK Telegraph suggests that another financial crisis could destroy capitalism as we know it. Let that sink in. Our system is at risk, as it was in 2008. As a reminder, consider this C-SPAN  interview with Representative Paul Kanjorski, wherein he described how our entire system almost collapsed. He stated in a very matter of fact way that if the collapse had continued, it would have been the end of our economic system and our political system, again “as we know it.” Continue reading

Forgetting Castro’s Crimes

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Fidel Castro and Raul Castro in 1959 / AP

 

Review: Rafael Rojas, ‘Fighting Over Fidel: The New York Intellectuals and the Cuban Revolution’

Between the Old Left and the New Left, between the radicalism of the 1930s and the radicalism of the 1970s, there comes the curious figure of Fidel Castro. A celebrated revolutionary thinker. The absolute ruler of Cuba—and, for a time, the man believed to have finally solved the Communist dilemma: finding a way of being Marxist without becoming Stalinist, creating a fully socialist state that would not harden into totalitarianism.

He didn’t, of course. Soon after it seized power in 1959, Castro’s revolutionary government became a socialist dictatorship, barely distinguishable from all the other Communist states of its time. But the surprising lesson of Rafael Rojas’s new book, Fighting Over Fidel, is how brief was the time, how narrow the window, that serious leftists actually believed in Castro’s exceptionalism. Continue reading

The Communist Manifesto Ranks Third in Assigned University Texts

 

 

The Communist Manifesto is the third-most popular assigned book in universities’ syllabi, according to the Open Syllabus Project.

The Open Syllabus Project was made available to the public on January 22. It gathered over 1 million syllabi published on university websites, and set up a Syllabus Explorer to rank the frequency of assigned texts. The project’s founders describe it as an “effort to make the intellectual judgment embedded in syllabi relevant to broader explorations of teaching, publishing and intellectual history.”

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The world economic crisis

We are on the threshold of a new economics that would form the basis of a new public policy quite different from the one that was followed within the neo-classical paradigm that has held sway over the last six decades. Here I examine briefly the origins and nature of the latest crisis in the world capitalist economy and its implications for economic theory.

In the process of its growth, the world economy has undergone a structural change in the post-war period in terms of two important features. First, the multinational corporations that emerged in this period not only sold goods and services on a global scale but were able to achieve internationalisation in their production processes such that different components of a particular good could be manufactured in their facilities in different countries to take advantage of country specific resource endowments. This laid the basis of an unprecedented growth in productivity, and profits. Given the problem of investing these profits within the sphere of production, due to demand constraints, profits from the sphere of production began to flow into the financial sphere. Continue reading

The Coming French Revolution of 2020?

QUESTION: Mr. Armstrong; Thank you for coming to Paris. You said the civil unrest would rise in France going into 2018 and there was a risk of another French Revolution in 2020. You mentioned that when surrounded by many people on the ChampsÉlysées. Since then  I have paid attention and there is a rising discussion about capitalism and socialism that is becoming regular. Can you explain more? Continue reading

The United States Is Already At Least As Socialist As Denmark

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To be, or not to be Denmark? That, apparently, is the question for Democratic presidential candidates.

Perhaps unexpectedly, the beautiful northern European country of Denmark emerged as a topic of conversation during this week’s Democratic Party presidential debate. The small Scandinavian monarchy plays an important role in progressive mythology. It is a place many liberals want America to become, and both Bernie Sanders and Hillary Clinton sung its praises during the debate. A closer look at Denmark’s public policies is, therefore, warranted. It yields some surprising results. Continue reading

The Clock Is Ticking On The U.S. Dollar As World’s Reserve Currency

The View From Hubbert’s Peak

In 1971, the American President put an end to a 2,500 year trend; the Wall Street Journal called it “Nixon’s Worst Weekend.” Considering the old boy had some really bad ones, this must have been something special. In August of that year (on Friday the 13th) it was decided that the U.S. would no longer pay out gold for its paper dollars. OPEC Ministers took note, and in September they met, deciding it would be necessary to collect more paper dollars, if possible, since gold was no longer on offer and oil was the only asset they had to sell.

The Wizard of Oz

The ultimate irony for this generation of investors is that, despite the occasional obligatory chant about ‘free markets’ and the wonders of capitalism, most of the day is spent obsessing about what the world’s most important central planner will do next. By Supreme Central Planner, I mean, the Fed. Continue reading

The Resurrection of Marx – End of Britain?

Jeremy Corbyn, the infamous Karl Marx admirer, has been elected UK opposition Labour leader.  Corbyn is really communist who professes an admiration for Karl Marx. He is the new face of Britain’s opposition Labour party which will help to make a British EU exit more likely. The Marxist sophistry is rob anyone who has more. They never understand that we all provide our piece of the economy that creates the whole. Many are starting to realize that this could be the downturn for Britain. Continue reading

The War On Cash: Why Now?

You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean?

It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are both restricting the amount of cash that can be withdrawn from banks, and limiting what can be purchased with cash.

These limits are broadly called “capital controls.” Continue reading

The Marxist face of the Greek crisis

Soviet bloc intel defector Pacepa says Athens’ money woes only part of problem

Greece said no to the European Union and blamed capitalism for its economic crisis. The winner was Greece’s Marxist Prime Minister Alexis Tsipras, who named his son Ernest as tribute to Marxist mass killer Ernesto Che Guevara.

The Greeks who voted for Tsipras were just as misinformed as were the Romanians in 1967 when they voted to bring to power another two-bit Marxist Dracula, named Ceausescu. I was one of them, and I will never forgive myself for that. In December 1989, 1,104 Romanians died in order to reverse that disastrous decision.

It took many years for my native Romania – and for me – to learn that Marxism leaves nothing behind but countries looking as though they had been devastated by a hurricane, with their leaders roasting in Dante’s Inferno. All Marxist rulers have inevitably ended up in Hell – all, from Trotsky to Stalin, Tito to Zhivkov, Enver Hoxha to Mátyás Rakosi, Sékou Touré to Nyerere and Hugo Chavez. All had their days of temporary glory, but all ended in eternal disgrace.

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