Title: Sign of the Times
Post by: Steve Pyro on February 13, 2009, 08:00:30 pm
How true is this?
In this current economic climate, here's a very apt, famous quote -
"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 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."
Who said it and when? - click here (http://en.wikipedia.org/wiki/Das_Kapital) -
In this current economic climate, here's a very apt, famous quote -
"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 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."
Who said it and when? - click here (http://en.wikipedia.org/wiki/Das_Kapital) -
Title: Re: Sign of the Times
Post by: Leftie on February 13, 2009, 08:36:31 pm
Not sure who said it (probable Carl Marx though), but the quote is untrue.
Title: Re: Sign of the Times
Post by: nopanic - neil on February 13, 2009, 08:39:57 pm
No. I'm sure it was Groucho Marx
(http://i.ehow.com/images/GlobalPhoto/Articles/2109502/ftpgro2-main_Full.jpg)
(http://i.ehow.com/images/GlobalPhoto/Articles/2109502/ftpgro2-main_Full.jpg)
Title: Re: Sign of the Times
Post by: F-Troop Mom on February 13, 2009, 08:43:09 pm
Cool, I guessed right.
Title: Re: Sign of the Times
Post by: redstu on February 14, 2009, 07:01:17 pm
Almost correct, the credit was too cheap and available to all without regard for continuing ability to pay.
