Armenia is standing at one of the most important crossroads since independence in 1991.  The situation is dire: victorious in the 1994 liberation of Artsakh, but defeated by homegrown corruption, criminality, and incompetence, the people of Armenia are leaving their homeland in tens of thousands per year. Poverty is likely in excess of the official number of nearly 40 percent, and the economy shows no signs of growth. Unless profound systemic changes take place in the way the country is governed, Armenia will not survive another war or severe economic shock. Unfortunately, the proposed Constitutional changes are likely to make the matters even worse.