Deja Vu all over again? Karl Marx comments on debt cycle 142 years ago

“Owners of capital will stimulate the working class to buy more and more expensive goods, houses and technology, pushing them to take more and more expensive credit, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of the banks, which will have to be nationalized. The State will then have to step in to save the banks which will eventually lead to communism.” — Karl Marx, 1867 —