Crunch

[BeautifulBurnout]

I have just started reading The Storm by Vince Cable - who, imo, is the only British politician/economist/talking head who has a clue about what to do about the Crunch - and in his intro he quotes Marx:

"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and mechanical products, 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 the State will have to take the road which will eventually lead to communism."

Dunno about anyone else, but that gave me the shivers a bit, considering it was written over a century and a half ago...