"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 communism"
Karl Marx, Das Kapital, 1867
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He summed it up eloquently.
ReplyDeleteThe only thing that annoys me is that last summer I was persuaded, for the first time in my life, that I had enough money in my current account to start an e-ISA savings account.
ReplyDeleteNow look what’s happened. I’ll have to start paying them interest now.
dude... did you not think to check with uncle bar what to do with your extra cash?
ReplyDeleteHe was horrifyingly accurate.
ReplyDeletei have just heard from somone who researched it properly that it's a bollox quote, he never said that at all
ReplyDeleteWho knows?
ReplyDeleteWell, it's a scary thought anyhow. :(
ReplyDeleteI heard something I liked today:
ReplyDelete"Capitalism without failure is like religion without sin."
Government parachutes are not the answer. Throw something to the Gods...I suggest General Motors and AIG.
Sigh. And yet, what system of government is perfect? Everything can look good on paper, can't it?
ReplyDelete