"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 their 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."
and more of 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 nationalized, and the State will
have to take the road which will eventually lead to communism."
Karl Marx, Das Kapital, 1867
Thanks, Peter, for the heads-up!
This must be a hoax... "techchnology" used in 1867....?
Posted by: kevin Kerrigan | January 15, 2009 at 09:35
Apologies ! -technology is there but can't find the quote...
Posted by: kevin Kerrigan | January 15, 2009 at 09:57