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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.
I cured myself of shyness when it finally occurred to me that people didn’t think about me half as much as I gave them credit for. The truth was, nobody gave a damn. Like most teenagers, I was far too self-centered. When I stopped being prisoner to what I worried was others’ opinions of me, I became more confident and free.
This ingenious system, invented by a commercial people in the present century, provides a military fund which may exceed the resources of all the other states put together. It can only be exhausted by an eventual tax-deficit, which may be postponed for a considerable time by the commercial stimulus which industry and trade receive through the credit system.
It [a new world order] needs only that the governments of Britain, the United States, France, Germany, and Russia should get together in order to set up an effective control of currency, credit, production, and distribution – that is to say, an effective ‘dictatorship of prosperity,’ for the whole world. The other sixty odd States would have to join in or accommodate themselves to the over-ruling decisions of these major Powers.
Legal plunder can be committed in an infinite number of ways; hence, there are an infinite number of plans for organizing it: tariffs, protection, bonuses, subsidies, incentives, the progressive income tax, free education, the right to employment, the right to profit, the right to wages, the right to relief, the right to the tools of production, interest free credit, etc., etc. And it the aggregate of all these plans, in respect to what they have in common, legal plunder, that goes under the name of socialism.