OT: Did Karl Marx Predict The Recession?
Thanks to Clive for sending me this little gem of a snippet.
How prescient was [is?] this…
“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 nationalised, and the State will have to take the road which will eventually lead to communismâ€
Karl Marx, Das Kapital, 1867
