Marx said that history repeats itself, first as a tragedy, then as a farce. This quote came to our mind when we read the news.
Marx said that ‘a spectre is haunting Europe-the spectre of communism’. Today, contra Marx, the only spectre that is haunting anybody is the spectre of hyper-inflation that in these past few days triggered panic-buying in Zimbabwe. It’d be the second instance of hyper-inflation in about a decade a real record.
But the real spectre that may soon be haunting us all is the spectre of another global economic crisis, whose signs are becoming increasingly more visible.