Saturday, February 21, 2009

Marx's Prediction

This quote was forwarded to me in an email:

Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credit, until debt becomes unbearable. The unpaid debt will lead to the 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

I haven't been able to confirm this, but it sounds like something he would say.

2 comments:

Anonymous said...

That supposed Marx quote is a hoax that has been repeatedly debunked. See:

The Atlantic
http://meganmcardle.theatlantic.com/archives/2009/01/faux_marx.php

International Herald Tribune
http://www.iht.com/articles/2009/02/25/business/col26.1-437515.php

Sam Ro said...

Thanks for this.