[lbo-talk] bankers quoting Marx!

[Doug Henwood]

A friend who works at a hedge fund forwarded me this "quote of the  
day" from a friend of his who works at a bank.


> Amazing how some people have great long range forecasts that are on  
> the ball !!
>
> "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, 1867

I don't think Marx actually said this, but still...