Quotes Regarding The Economy

Posted by Tom Locke on March 13th, 2009 filed in General, History

The state of the world’s economy is a topic that is in the forefront for most everyone today.   But have things really changed or is “communication getting better” ?   Consider the following two quotes.

“Owners of capital will stimulate the 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, Das Kapital, 1867

“The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.” 

Cicero, 55 BC

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