AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters’ worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
mainly banks, with disproportionate power over the global economy.
The problem with that comment is, money is what controls an economy, banks control the money because governments let them, therefore by its very nature banks control the economy.
There are a few banks around the world with lots of power, that is nothing new, it’s been that way for long time.
Whether that’s right or wrong is an interesting discussion.