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Communism and Our Current Financial Crisis


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Posted

I've never read any Marx, but I just came across this :

 

 

“Owners of capital will stimulate 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 nationalized, and State will have to take the road which will eventually lead to communism”

Karl Marx from “Das Kapital”

1867

 

 

How does this single statement fit into Marx work and Das Kapital ?

 

Does it have any relevance ?

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