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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…
— Karl Marx, Das Kapital, 1867
Tags: bank, debt, depression, spending
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February 2nd, 2009 at 5:03 pm
This might be a fake quote:
http://groups.google.com/group/alt.war.vietnam/browse_thread/thread/4a09bb9a36ec27eb/7b033b99001bbcf7?lnk=raot&pli=1
February 6th, 2009 at 10:31 pm
Very interesting…I’m going to watch all ten parts…thanks