“Owners of capital will stimulate working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable,” a certain visionary economist once wrote.
“The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and state will have to take the road which will eventually lead to communism.”
The author was Karl Marx, writing in 1867. I don’t know about America going commie but was this guy perceptive or what, given what’s happened in this country over the last decade or so?
