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"Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer capitalist despair-may confidently be anticipated. History is as simple a that."

— Joseph A. Schumpeter
joseph a. schumpeter Quotes Capacity,Outlets,War Of The Worlds

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Joseph A. Schumpeter
Capacity
Outlets
War Of The Worlds
Disaster
Excess
Bankruptcy
Capitalist
Recurrence
Sheer

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The right hon. Gentleman will be known for ever as the only Chancellor in the post-war period who brought this country to the brink of bankruptcy.

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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.

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