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Karl Marx’s prediction

When the capitalistic system is experiencing a severe recession in many powerful developed countries it is worthwhile knowing what Karl Marx had to say in his famous Das Kapital, in 1867. He wrote ‘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’. Although we have our reservation for communism, which has also failed in hardcore communist countries, who are now practicing freemarket policy, we have to admit that his prediction is amazingly true! 

S. H. Moulana
Riyadh

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