Socialists will never admit their ideas don’t work, and they often point to Norway or Denmark as examples of where it does. What they fail to mention every time is the important background information that the economies of these countries are kept afloat by enormous oil revenues of the kind that other countries can only dream of.
Opponents of socialism have been striving for decades to point to the simple fact that socialism does not work, based on Lady Margaret Thatcher’s maxim that “eventually, you run out of other people’s money”. Even Denmark and Norway will face this outcome when their oil reserves expire. Then the excrement will really hit the fan as two nations of people with a deeply ingrained entitlement mentality suddenly have to deal with the real world. (they’ll probably riot in the streets and blame capitalism)
Europe is collapsing under the mountain of debt. So is the UK and Ireland. Whole countries made insolvent by the largess of power obsessed socialist governments spending money they did not have buying the votes of dull indoctrinated people who could not see how they were being duped. Even the USA is tottering on the brink of a debt precipice. For the same reason. Bankrupted by socialists.
The Guardian- More than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned. Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.
“Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy,” Whitney told the CBS 60 Minutes programme on Sunday night. There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.”
New Jersey governor Chris Christie summarised the problem succinctly: “We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.”
American cities and states have debts in total of as much as $2tn. In Europe, local and regional government borrowing is expected to reach a historical peak of nearly €1.3tn (£1.1tn) this year.
Not damn hard is it? How come then that so many people still vote for this monstrous Ponzi scheme dreamed up by power obsessed Marxists? Two reasons basically. 1) They don’t know any better thanks to a corrupt mainstream media and education system, and 2) they’re locked so deeply into the system they cannot get out. The entitlement mentality that the socialists have bred has drawn the stupid and gullible into their web like flies.
So, its all going sideways, and the real battle now is for truth. The left will do all they can to portray their own failures as a failure of capitalism. As the tried to pin the US Prime Mortgage collapse on capitalism. Think about this for a while. Socialism collapsing. Media still cheering for it. Bloggers and others trying valiantly to get the truth out there. What’s the first step in the race to apportion false blame? Shut down the alternative media. Its all collapsing in a heap and those who are to blame for this disaster are today flat out trying to shut down the internet, talk radio and FOX news.
Maybe its all a coincidence. Maybe not. Maybe they know the collapse is coming and are positioning themselves for the takeover that was always at the root of their plans. Would anyone be this dishonest and manipulative and ruthless in their quest for power? Would anyone plan on violence in the streets as a way of eliminating opposition? Of course not. Bolshevism? Never heard of it.
In early October, Lenin convinced the Bolshevik Party to form an immediate insurrection against the Provisional Government. The Bolshevik leaders felt it was of the utmost importance to act quickly while they had the momentum to do so. The armed workers known as Red Guards and the other revolutionary groups moved on the night of Nov. 6-7 under the orders of the Soviet’s Military Revolutionary Committee. These forces seized post and telegraph offices, electric works, railroad stations, and the state bank. Once the shot rang out from the Battleship Aurora, the thousands of people in the Red Guard stormed the Winter Palace. The Provisional Government had officially fallen to the Bolshevik regime. Once the word came to the rest of the people that the Winter Palace had been taken, people from all over rose and filled it. V. I. Lenin, the leader of the Bolsheviks, announced his attempt to construct the socialist order in Russia. This new government made up of Soviets, and led by the Bolsheviks. By early November, there was little doubt that the proletariats backed the Bolshevik motto: “All power to the soviets!”