"In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists. But soon it becomes a new and formidable weapon in the competitive struggle, and finally it transforms itself into an immense social mechanism for the centralisation of capitals."
React to this quote
More by Karl Marx
See allResonant Thoughts
"The first of the two cases which we are about to discuss concerns a large-scale Parisian administrative organization which may be described as rigid, standardized, and impersonal, and which seems unab…"
"The dominant, almost general, idea of revolution — particularly the Socialist idea — is that revolution is a violent change of social conditions through which one social class, the working class, beco…"
Explore Further
Related Quotes
"We have no idea what our nation is doing in our name. I don't want to be anyone's captor, anyone's torturer."
— Margaret Cho"Where did these two elements in our nature, egoism and altruism, come from? Why have human beings and all o…"
— J. Howard Moore"It will not be the case that we will have zero-rate tariffs on food products. There will be protections for…"
— Michael Gove"Sexually progressive cultures gave us mathematics, literature, philosophy, civilization and the rest, while…"
— Alan Moore"Saudi Arabia's addiction to the blood cult of public execution demeans and humiliates not only the victims,…"
— Ben Emmerson"Most accidents in well-designed systems involve two or more events of low probability occurring in the wors…"
— Robert E. Machol