"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."KarlKarletto Marx, Das Capital 1867
UPDATE: It appears the person who sent me this was having me on. I've just noticed on the email it said "Karletto Marx". Ha ha.
If Gordon reads his website, then he is going to be a very unhappy bunny.
ReplyDeleteDon't mention the recession is his latest wheeze or at least keep it Global.. So he will not be happy with "Latest News UK Recession Brown"
The future of digital Britain
How remarkably prescient of old Karl! And he seems to have abandoned his use of the term 'proletariat' and all that stuff about 'means of production' in favour of a prediction about iPods. Pretty smart for a guy from an age when technology meant whittling a fourth prong for the wife's washing tub dolly.
ReplyDeleteIt's a fake Iain. A fake quote. Do you believe the working classes could afford to purchase houses during old Marx's time. And ''technology'' wasn't even a widely used word.
ReplyDeleteNot if he read that quote. It doesn't come from Karl Marx.
ReplyDeleteOdd that no one can find this quote in Das Kapital.
ReplyDeleteDid Marx ever use the word "nationalization" ?
On the button, Raedwald.
ReplyDeleteGordon Brown understood that to keep the proletariat in a state of consumerist bliss was to neutralise their critical faculties.
As Bill Bailey said,"There won't be a revolution if the Snooker's on".
it's a patently false quote
ReplyDeleteIt's not Karl Marx. Made up.
ReplyDelete(I fell into that trap)
He needs to read Human Action by Ludwig von Mises.
ReplyDeleteNevermind Karl Marx, I think Brown has been reading his toilet role after he has used it - given the policy mismash he offers to make things worse.
ReplyDeleteTime for Brown to be given the Boot!
Labour Labour Labour - Out Out Out!
Not the Karl Marx I read, more like Groucho!
ReplyDeleteI caught up, just, with a television programme on the great crash.
It was just quite amazing the similarities between then and now. Indeed frightening. Adding Houses etc to stock and we are just in the same position.
The Term 'Global Market' was used then as well! Plus the Americans had a President, Hoover, who saw it coming but did nothing about it! Whilst we have a Prime Minister that ignored all the warning signs and cannot do anything about it.
I am going to put my hands up to this one and admit it fooled me, mainly because I wanted to believe it.
ReplyDeleteMea Culpa
Looks like No 10 reads your Blog Ian. They have removed the damaging photo on their web site that I linked to, It was also on the home page and they have removed that too.
ReplyDeleteSeems like it fooled Jonathan Russell, editor of the Torygraph's City Diary, as well. He reproduces the quote in his column today, without a hat tip!!
ReplyDeleteI can see the influence of Marx in Brown's whole poltical career. Principally "Duck Soup" and "A Night at the Opera".
ReplyDeleteMit dem Meisterwerk von Marx hat man zwei Moeglichkeiten...
ReplyDeleteEntweder "Das Kapital" oder einfach "Capital"... niemals "Das Capital".
Aber du weisst das schon, nicht wahr? ;)
Are you dim? Technology? erm....
ReplyDeleteThis is the problem with blogs - you can write any old shit and get away with it. No self-respecting journalist would ever publish that.
'No self-respecting journalist would ever publish that.' Well if you had read the comments before making your own, you'd see that one already has.
ReplyDelete'This is the problem with' the dead tree press '- you can write any old shit and get away with it.'
Andy, 'are you dim?'
Strapworld: You should also read Galbraith's "The Crash of 1929".
ReplyDelete