and capitalist banks returned to the private sector in a well regulated state of equilibrium--until the next bunch of snake oil salesmen come along and sell a gullible public on the joys of deregulation.

He missed the cyclical nature of all this stuff.

And communism was no panacea, many party insiders turning themselves into a defacto aristocratic oligarchy, their wealth and position passing largely to their genetic heirs.

a "Marxist." Great critical construct, but as an economic model . . .?

When the banks own the State, they don't have to share communally.

I think he is correct that the "Owner of capital" WANTS to stimulate the working class to buy more and more of expensive goods, houses, and technology, pushing them to take more and more expensive credits.

But I'd stop there.

The "Owners of capital" don't want the "working class" to reach a point at which their "debt becomes unbearable" ... that part is WRONG.

... because that MIGHT lead to a situation in which "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".

Which the "Owners of Capitol" don't want.

What the "Owners of Capitol' want is for the "working class" to maximize their consumption, up to a point slightly ABOVE where their debt becomes unbearable.

They want them on a treadmill.

Work, accumulate expensive goods via income and debt, pay the minimum on the debt, then repeat.

The working class need to get off the treadmill from time to time.

... he will have been oddly prescient.

the critique of capitalism is - as always too - dead on. but in the end marx fails on his belief that the study of history is a science, not the humanities discipline that it is.

Talk about screaming fake quotes, eh?

I had actually saved it from DU quite some time ago. I apologize if it is not accurate.

Abraham Lincoln said it best: 'You can't believe everything you read on the internet."

We all are from time to time ...the gracious admission engenders respect.

Since we've all replied to this thread. Also, it's good to alert people to hoaxes. Also, the quote's worthy of discussion. Also, it's been re-quoted as if Marx said it thousands of times, because people think it's wise. You could call it, "Why do people like this fake Marx quote so much?"