The Rise of Civil Unrest & the Dawn of Authoritarianism

The Rise of Civil Unrest & the Dawn of Authoritarianism by Martin Armstrong for Armstrong Economics

There are reports of riots beginning in China. In Thailand, one of the most peaceful communities, there was an armed robbery of a 7/11. You cannot shut down the world economy like this. People will begin to riot after 10 days and we will see a sharp rise in property crimes. People are being deprived of employment and no level of government hand-outs will suffice.

The English philosopher Thomas Hobbes (1588-1679) is best known for his political thought, where he argued that society has a drive towards chaos and destruction. His vision of the world in his Leviathan (1651) was strikingly original and it is perhaps even very relevant to contemporary politics. Hobbes’ main concern was the problem of social and political order. This was the time of the English Civil War which concluded with beheading the King. His opponent was Oliver Cromwell which promptly replaced the king’s portrait on the coins with his own. He called himself – Lord Protector while pretending he was not a king.

Hobbes argued that human beings can live together in peace and avoid the danger and fear of civil conflict. He argued that we should give our obedience to an unaccountable sovereign (a person or group empowered to decide every social and political issue). Otherwise what awaits us is a “state of nature” that closely resembles civil war – a situation of universal insecurity, where all have reason to fear violent death and where rewarding human cooperation is all but impossible.

Those in power cannot contemplate a world where they have lost all power. Yet they refuse to reform and honor the Social Contract of which Hobbes saw as their part of the bargain. The condition in which people give up some individual liberty in exchange for some common security is the Social Contract. Hobbes defines a contract as “the mutual transferring of right.” In the state of nature, everyone has the right to everything – there are no limits to the right of natural liberty.

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Martin Armstrong

Martin Armstrong was born in New Jersey the son of a lawyer and Lt. Col under General Patton in World War II. Martin was encouraged by his father to get involved in computers during the mid-1960s. He completed engineering both in hardware and software but after being offered positions by a government contractor RCA in Thule Greenland, Guam, or Vietnam, he decided to go back to gold business that he had first began working while in High School to earn money for a family trip to Europe in 1964 for the summer. He continued to work on weekends through high school finding the real world exciting for this was the beginning of the collapse of the gold standard. Silver was removed from the coinage in 1965 and by 1968 gold began trading in bullion form in London. The gold standard collapse entirely in the summer of 1971 and gold became legal to trade in America during 1975 in bullion form. Previously, the market for gold had always been in coin form as long as they were dated prior to 1948.