Monday, 2 March 2009

A prophecy from 1867

Familiar as we all are with the works of Karl Marx, I am indebted to Mattias for forwarding this timely prophecy from Das Kapital written in 1867:

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

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