I think he is correct that the "Owner of capital" WANTS to stimulate the working class to buy more and more of expensive goods, houses, and technology, pushing them to take more and more expensive credits.
But I'd stop there.
The "Owners of capital" don't want the "working class" to reach a point at which their "debt becomes unbearable" ... that part is WRONG.
... because that MIGHT lead to a situation in which "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".
Which the "Owners of Capitol" don't want.
What the "Owners of Capitol' want is for the "working class" to maximize their consumption, up to a point slightly ABOVE where their debt becomes unbearable.
They want them on a treadmill.
Work, accumulate expensive goods via income and debt, pay the minimum on the debt, then repeat.
The working class need to get off the treadmill from time to time.
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