Apparently completed in 1867? The working class to buy more technology. i am don't think that was a word in 1867, neither was credit I doubt. This email has been going around this City for well over a week and was dismissed as a fraud by the end of last. Nice to see the city diaries so on top of things...
"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 nationalised, and State will have to take the road which will eventually lead to communism."
Thursday, 29 January 2009
Telegraph City Diary falls for Socialist Propoganda
I read the business section of the Telegraph on the way in to work this morning, the only part of the paper still with good quality, and came across this piece, by Karl Marx in the City Diary: