QUOTE(communicat @ Tue 18th October 2011, 5:59am)
If people like Roe, in the comfort their bourgeois surroundings, took time off from redbaiting and made a real effort to read and understand Kapital, they'd discover there what Marx/Engels predicted very accurately 130 years ago. Namely: over-expansion of credit enables the capitalist system to sell temporarily more goods than can be bought with the sum of real incomes created in current production, plus past savings. In the long run, debts must be paid; and since these debts cannot be automatically paid through expanded output and income, capitalism is destined for self-defeat. Interestingly, (and in marked contrast to the reading tastes of the "intellgentsia" of the most heavily indebted nation in the world), Kapital is experiencing of late a dramatic resurgence of interest and a corresponding escalation of sales in Germany. Even German Finance Minister Peer Steinbrück is reportedly now reading the book -- something the suits in Wall St (and maybe even some of the highly educated folk at WP/WR) should have done a long time ago. Too late now.
Bullshit.
The idea that Das Kapital predicts a world credit crisis is an urban myth which you have apparently fallen for:
http://www.hoax-slayer.com/karl-marx-quote.shtmlIf you'd read the damn book (which I actually have) you know it talks about problems with overproduction of goods, not overexpansion of credit and debt (at least not problems with bourgeoisie debt, which would be Marx's description of the 2008 crash). The proles aren't homeowners, much less investment bankers, in Marx.
And I see no place in the modern world that actually has problems with this "overproduction of goods," that Marx says will bring society down. Where would that be-- China? It surely isn't the US. Unless you count techno-soldiers, fastfood, and security guards as "goods."
Too Stupid to Live
