Karl Marx on financial crisis Posted by: "milind wani" [email protected] Mon Feb 9, 2009 1:17 am (PST) "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"
Karl Marx, Das Kapital, 1867 My observation: There seem to be close similarity between the philosophical path predicted by Karl Marx 140 years ago and today's world economic condition esp. the ones existing in India. I say this because Govt seem to be dealing with only three uppermost issues in their mind: Economic Terrorism of the owners of the inflated economic boom Capital, Naxalism and Foreign Terrorists. For the Indian ruling class the first one is a show off. Others are need of the hour to be carried out seriously by the Govt of the Elites, . -- "Those who have the privilege to know, have the duty to act." Albert Einstein Dr.V.N.Sharma http://canvas.nowpos.com/vnsharma Add more friends to your messenger and enjoy! Go to http://messenger.yahoo.com/invite/
