1 November 2011

homers update

"An outward expression of the desire to withdraw money from the stream of circulation and to save it from the social metabolism is the burying of it, so that social wealth is turned into an imperishable subterranean hoard with an entirely furtive private relationship to the commodity-owner. Doctor Bernier, who spent some time at Aurangzeb’s court at Delhi, relates that merchants, especially the non-Moslem heathens, in whose hands nearly the entire commerce and all money are concentrated—secretly bury their money deep in the ground, “being held in thrall to the belief that the money they hide during their lifetime will serve them in the next world after their death.” 
—Karl Marx, A Contribution to The Critique of Political Economy


Don J. said...


Anonymous said...


TIM said...