Last Exit Magazine « Prophet of Profit

A quote attributed to Karl Marx has been haunting the internet.

“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 nationalised, and the State will have to take the road which will eventually lead to communism.”

-Karl Marx, Das Kapital, 1867

The Last Exit Magazine and James Ledbetter discuss how the quote is in fact NOT Karl Marx's:

Last Exit Magazine « Prophet of Profit

Karl Marx on your i-phone!

I just found the an i-phone app that offers the full text of Marx's Wage, Labour and Capital:

"iClassix, bringing classical literary works to your iPhone.

Originally written as a series of newspaper articles in 1847, Wage-Labour and Capital was intended to give a short overview, for popular consumption, of Marx’s central theories regarding the economic relationships between workers and capitalists.

These theories outlined include the Marxian form of the Labour Theory of Value, which distinguishes “labour” from “labour-power”, and the Theory of Concentration of Capital, which states that capitalism tends towards the creation of monopolies and the disenfranchisement of the middle and working classes.

The Theory of Alienation, which describes a dehumanising effect of capitalist production, in which an immediate social significance of labour to the worker is absent, is also touched upon. These theories were later elaborated in Volume 1 of Capital, published in 1867.

This edition of Wage-Labour and Capital, published in 1891, was edited and translated by Friedrich Engels, and remains one of the most widely read of Marx’s works.

This great title is now available in its entirety on the iScroll, a Text Synchronized Audiobook (TSA) reader that enables you to experience your favorite book in a whole new way. Choose to read, listen or both, its in your hands, literally. "

Source:

I am re-inventing this blog

I have not worked on this blog in months. Despite my neglet this blog gets more hits and generates more interest than any of my other blogs.

Obviously I am a poor Capitalist. I have not seen the opportunity here.

Expect update frequently.

I may take a popular route of examining Karl Marx on the internet. I have not decided what I will "cover."

I hope you enjoy the new Karl Marx Blog.