4 ms·
Creditors get their power by virtue of the monopoly they have on the creation of money. This is a right restricted to an extremely small subset of people, which
by risk000 10y ago
Creditors get their power by virtue of the monopoly they have on the creation of money. This is a right restricted to an extremely small subset of people, which are basically the government and large banking institutions. This right is backed by violence. I think the comparison between Mafia and banking cartels has merit.