Saturday, January 24, 2009

Karl Marx's quote is a hoax

"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."

( Hoax said to be from "Das Kapital, 1867")

But too bad those words are an internet hoax!

Not sure that's where we are going but the path is certainly as described.

Thank you to the heads up from blogging stocks -- http://www.bloggingstocks.com/2009/01/24/did-karl-marx-predict-the-bailout/

No comments: