- Karl Marx
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Private property works like circuitry in electronics, or piping in hydraulics. It conveys wages to the owners of labor power, as well as the various forms of nonwage property income to the owners of capital. In itself, it is no more responsible for maldistribution of purchasing power than the science of bookkeeping is responsible for bankruptcy.
With money come the tests. My bankruptcy, which at the time I thought was a disaster, turned out to be a major blessing. It taught me so much! Money is not only an isolator, but it’s a magnet, too. It draws all kinds of people to you – you may not want them but it draws them to you anyway. The reverse of that, a bankruptcy, sends everybody away.