Thursday, 29th January 2009

Prophetic economists and world leaders

Karm Farrugia, Madliena

Exactly 175 years ago, Thomas Malthus (England) prophesied that since population tended to increase faster than the means of subsistence, its increase should be checked, mainly by moral means. Science and technology proved Malthus wrong, at least in advanced economies.

Nearly 150 years ago, in 1867, Karl Marx (Germany) had this to say: "Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the state will have to take the road which will eventually lead to communism." Even Nostradamus couldn't have said it better!

Thank heavens the world is led by the likes of Obama and Brown.

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Article © Allied Newspapers Ltd., printed on Saturday, November 21, 2009. This article is for personal use only, and should not be distributed.

Comments

Antoine Vella (on 29/1/09)

Karm Farrugia

I don't blame you for believing it but the quotation from Marx is actually fake. http://bespokebrands.blogspot.com/2009/01/karl-marx-quote-1867.html

It was invented last December as a hoax on an Italian satirical blog (http://umanesimo.tumblr.com/post/66948098/marx) and was eagerly lapped up by many nostalgics of marxism who rapidly disseminated it all over the internet.

D Vella (on 29/1/09)

That Obama is amazing. One week in office and he hasn't put a foot wrong!

Dont quite know what you mean by that letter Mr Farrugia. It's neither one thing nor another. It's definitely not funny,and on the other hand you can't take it seriously.

Alex Ellul (on 29/1/09)

One report I read on the CNN back tracks the US banking crash to Bill Clinton's times, when banks were being criticized by the leftists for not giving home loans to the lower classes. The banks gave in to political pressure, giving loans to people who could not keep up to the financial pressure. Then the crash.

In my opinion, this was exacerbated by the pressure put on fuels by Al Gore through the UN's IPCC with their Global Warming scare, causing fuel prices and food prices to sky rocket, then the crash. The following like is one exponent's opinion on how self-fulfilling prophesies work:

http://icecap.us/images/uploads/THEAMAZINGSTORYBEHINDTHEGLOBALWARMINGSCAM3.pdf

jcmicallef (on 29/1/09)

Is the last sentence to be taken sarcastically or seriously?

As far as I know, Obama has only just started finding his feet in the WhiteHouse, and as for Brown....he only wore Blair's shoes.

None of them has impressed yet, much less the latter one.

Too much of the same thing is no good, and it goes for socialism, communism, capitalism, and religion.