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Such a crises occurs only where the ever-lengthening chain of payments, and an artificial system of settling them, has been fully developed. Whenever there is a general and extensive disturbance of this mechanism, no matter what its cause, money becomes suddenly and immediately transformed from its merely ideal shape of money of account into hard cash. Profane commodities can no longer replace it. The use-value of commodities becomes valueless, and their value vanishes in the presence of its own independent form. On the eve of the crisis, the bourgeois, with the self-sufficiency that springs from intoxicating prosperity, declares money to be a vain imagination. Commodities alone are money. But now the cry is everywhere that money alone is a commodity! As the hart pants after fresh water, so pants his soul after money, the only wealth.


Karl Marx


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Did you know about Karl Marx?

Accordingly the newspaper was popular with the broad masses of the common working class of the United States. At the same time Marx stressed that capitalism was unstable and prone to periodic crises. No longer a secret society the Communist League wanted to make aims and intentions clear to the general public rather than hiding its beliefs as the League of the Just had been doing.

Marx is typically cited with Émile Durkheim and Max Weber as one of the three principal architects of modern social science. He argued that under socialism society would be governed by the working class in what he called the "dictatorship of the proletariat" the "workers' state" or "workers' democracy". His ideas played a significant role in the establishment of the social sciences and the development of the socialist movement.

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