Monday, March 9, 2009

Prescient?

“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 the debt becomes unbearable. The unpaid debt will lead to the 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, 1867

This is truly an incredible quote, and to think that it was said about 140 years is quite striking. Reading this quote, you almost think that it was something that could have been written today; an exact description of what we are currently facing!

SG

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