[lbo-talk] Marx on the credit crunch?

[B.]

"The credit system appears as the main lever of
overproduction and overspeculation in commerce solely
because the reproduction process, which is elastic by
nature, is here forced to its extreme limits, and is
so forced because a large part of the social capital
is employed by people who do not own it and who
consequently tackle things quite differently than the
owner, who anxiously weighs the limitations of his
private capital in so far as he handles it himself."

-Karl Marx, Capital Vol. 3