A quote made almost 150 years ago seems eerily accurate for the current global economic pain.
“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 the State will have to take the road which will eventually lead to communism.”
Karl Marx, 1867
For those with even a remote sympathy for Joseph McCarthy’s mutterings (the infamous Republican scare-monger of the early 20th Century) that fear nothing more than Communism, take heart: this is not the first time that State’s have faced monumental problems, and presently there are far more State’s involved. It is hard to accept that “workers” in each State will “unite” and take part in a huge “uprising”.
More people have had a taste of the capitalist, consumer-pie, and the grass looking greener on the communist side is less likely than ever.