A post in the Yahoo Financial Stability Group this morning
You may be amused by the following quote from a well-known 19th century economist……
“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.”
Karl Marx, “Das Kapital” 1867
The drive home this evening was brightened up by a report on PM (Radio 4) about Chinese mitten crabs, and the damage they are causing along the Thames. Apparently, however, they are edible when they are sexually active.
When the interviewee from the Natural History Museum was asked by Eddie Mair when that was, the answer was that we don’t exactly know: but that when they feel the urge, they move towards more saline water; so they decamp from their Chiswick Eyot burrows and make their way downstream to Deptford. The suggestion was that they should then be harvested and sold ~ I suppose to the Chinese.