In this short RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism, towards a new social order that would allow us to live within a system that could be responsible, just and humane. View his full lecture at the RSA. Download a transcript of this video (pdf).
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Its simple enough, even for you. Look again. Credit Cards are a response to Wage depression. They are one part of the problem. But only a fool would think that the problem caused by mortgages was someone fundamentally different from that caused by cards.
You are a fool to see that personal debt from ALL TYPES of credit is a time bomb for individuals and society as a whole.
why would you think they ought to be?
You are confusing two things.
Marx was a brilliant economist. His method predicts the crises of capitalism.
The working out of communism by the totalitarian revolutions failed to implement a successful alternative simply because they modelled their economies on a capitalist framework. The soviet union was State Capitalism. That is at the heart of its failure. They had a massive crisis in the late 20thC no less damaging than world capitalism has 2 years ago.
What Marx understood about capitalism has very little to do with Soviet economics
Your comments are ridiculous. You are blaming governments for inaction. The trouble is that countries suffer if they were to have worked alone.
The monetary system is not honest and cannot be. Capitalism is based on this dishonesty.
There is no such thing as money as you conceive it. ALL money is a promise, it is debt. Harvey has got it right and your dream of REAL MONEY is false.