Saturday, January 24, 2009

Ever wondered where all this going to end?

"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".

Karl Marx, Das Kapital, 1867

Bloody hell.....

10 comments:

Anonymous said...

Of course he omits the bit where the state creates the money that fuels the debt and passes laws that allow the banks to lend to people who can't repay it. Not to mention using Fannie Mae and Freddie Mac to buy the debt that fueled the boom.

Barnsley Bill said...

phew, that's alright then.

Danyl said...

Relax - that sounds nothing like Marx. The quote is almost certainly a hoax.

Adolf Fiinkensein said...

Well, if anyone would know, it would be Danyl.

Psycho Milt said...

Well, the idea that Marx or anyone else in the mid-19th Century was imagining the working class getting in trouble through buying expensive houses and being offered far too much credit (hell, any kind of loan!) from banks is a bit far-fetched. It's also far too easily readable to be from Das Kapital.

Anonymous said...

See this link:

http://www.democracyforutah.com/node/2510

Redbaiter said...

Read this, and contemplate how much damage these fucken idiots are going to do before the socialist hoax is exposed.

---------------------

WAYNE Swan has attacked opponents of state intervention in the free market as "false prophets", arguing that the global financial crisis justifies the need for government regulation to protect the public good.

The Treasurer has urged policy-makers around the world to seize the opportunity presented by the crisis to craft a new "global economic order" by implementing a wave of reforms that will lay the foundations for renewed economic prosperity.

Full article-

http://www.theaustralian.news.com.au/story/0,25197,24955346-5013871,00.html

matt said...

Marx was so wrong about so many other things, I wouldn't take him seriously on this one either. Relax.

ZenTiger said...

Time for the ultimate Marxists, the Groucho-Marxists to make a comeback. YIPPEE! (Not)

FAIRFACTS MEDIA said...

I'm not sure what's going to be bankrupt first.
The banks or the government funding them.