I have always been a big fan of history. Not only do I find it interesting to help understand how we got where we are I believe that there are so many lessons to be learnt from history. Why? As simple as it sounds I firmly believe that history repeats itself over and over, with people making the same mistakes time and time again.
In that vain I came across the the following quote:
"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."
- Karl Marx, 1867
Seems everything old is new again eh? These words from Karl Marx couldn’t be truer than they are today, over 142 years later! (don’t know if we’ll go down the communism road again but you never know).
My point? Sometimes the best indication of the future comes from the past, because we seem unable to learn from the past so we are doomed to repeat the same mistakes. Think about your current situation, what can you learn from what you’ve seen before? What can you learn from others who may have seen it all before? The answers are there but most people choose to ignore them. Will you be one of them?
*** Update *** it would seem the quote from Marx is false. For details please the comments on this post for details. I appreciate the time taken to correct my history!