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TOPIC: The financial aristocrats will eat themselves

The financial aristocrats will eat themselves 12 Dec 2017 10:44 #5295

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DEC 2017 Monday 11TH posted by Morning Star in Features

Even as far back as 1894, Karl Marx’s work saw that capitalism would devour its agents, writes DIEGO FUSARO
IN 1894 when Capital Volume III was published, Karl Marx’s work had already foreseen the post-1989 world order.
He predicted the creation of a new aristocracy of finance made up of usurers and parasites who live on bank-swindling and legal robberies.
Marx wrote that capitalism “reproduces a new aristocracy of finance, a new sort of parasite in the shape of promoters, speculators and merely nominal directors; a whole system of swindling and cheating by means of corporation-juggling, stock jobbing, and stock speculation.”
Marx had prophesied the transition from an industrialised to a financial society, the passage from wealth created by entrepreneurial production to wealth accumulated through the parasitism and legal robbery of “finance capitalism.”

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