I was surprised to read this quote of Karl Marx.
“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 nationalized, and the State will have to take the road which will eventually lead to communism” Karl Marx, Das Kapital
Eerily Only the last part “the State will have to take the road which will eventually lead to communism” is left unfulfilled. Will it happen? If so is it good?
Communism without corruption rests only in theory just as an unfettered capitalism does.
The simplest truths are the most powerful. It’s poise and balance that protects our universe. It’s that space between yes and no that gives hope. It’s not communism or extremist religion masquerading as politics or outright capitalism that would save the economy. It’s when we take responsibility for our money and live with poise. First came the thesis that Capitalism would save the world. Then Karl Marx came up with the atithesis that communism would do that job. It’s time to synthesis this two and be accountable and responsible.
An ordinary tax paying citizen who neither hoards money nor lives off credit cards is the best person to save the economy. If this recession and uncertainty is a much needed lesson then let’s take it on our stride. This too shall pass!
