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This is not a new pattern, and definitely existed before bank consolidation. Rich, powerful families dictated for centuries who and what to fund and controlled
by warkdarrior 7y ago
This is not a new pattern, and definitely existed before bank consolidation. Rich, powerful families dictated for centuries who and what to fund and controlled the economy of their fiefdom.
- tehjoker 7y agoYou're right of course, but I think after the monarchies were overthrown, people thought that OKAY now we can have a more equal economy with lots of small independent producers competing with each other. Consolidation showed that this story is (at least now) completely untrue.