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Archives for Karl Marx on debt

A long foresight

“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…” This is a quotation from “Das Kapital” written… » read more

Posted by Stanley Crossick