Irony: East German Bank Creates A Karl Marx Credit Card


You can’t make this stuff up:

A bank in the former East Germany asked customers what new option they’d like to see for their credit cards, and a bust of Karl Marx won out, Reuters reports, noting, too, that a 2008 survey showed 43% of residents in the former East Germany wanting a return to socialism.

Just to illuminate the irony, here’s how Karl Marx felt about bankers and credit markets:

Talk about centralisation! The credit system, which has its focus in the so-called national banks and the big money-lenders and usurers surrounding them, constitutes enormous centralisation, and gives to this class of parasites the fabulous power, not only to periodically despoil industrial capitalists, but also to interfere in actual production in a most dangerous manner — and this gang knows nothing about production and has nothing to do with it.

I sometimes wonder if the biggest problem with most socialists is that they don’t fully comprehend the ramifications of their own ideology.

Rob Port

Rob Port is the editor of In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters.

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