"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until there debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism"
-Karl Marx, Das Kapital, 1867
Saturday, February 07, 2009
Are we there yet?
I have not read Das Kapital, but the following quote is attributed to Karl, and if so, he is right on the marx.