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Concentration In Banking -- A Paradigm Of Manipulative Control And Power

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  • Slobodan Lakic
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    Abstract

    The paper starts from the hypothesis that concentration of banking industry and ownership is a ground for proliferation of financial control and power, enabling financial clique to abuse the banking and credit system. Banking super-entities ensure manipulative pattern of functioning based on the monopolistic standard of demand of money, mechanism of interest rates and derivative market. Current financial crisis has deepend the concentrated system of relations and redestribution. The practice based on fraud and deception remained a cornerstone of strengthening the Anglo-Saxon banking and industrial empire to the current shaken model of financialization. Official monetary authorities, under the control of "sophisticated" individuals and semi-secret organizations, provide safe traditional and unconventional monetary and liquidity mechanism to corporate bankers.

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    File URL: http://repec.mnje.com/mje/2013/v09-n01/mje_2013_v09-n01-a15.pdf
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    Bibliographic Info

    Article provided by Economic Laboratory for Transition Research (ELIT) in its journal Montenegrin Journal of Economics.

    Volume (Year): 9 (2013)
    Issue (Month): 1 ()
    Pages: 53-62

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    Handle: RePEc:mje:mjejnl:v:9:y:2013:i:1:p:53-62

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    1. Slobodan Lakic, 2012. "Corporatism As A Totalitaristic Foundation And Practicism," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 275-293.
    2. Stanley Fischer, 1999. "On the Need for an International Lender of Last Resort," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 85-104, Fall.
    3. Stefania Vitali & James B. Glattfelder & Stefano Battiston, 2011. "The network of global corporate control," Papers 1107.5728, arXiv.org, revised Sep 2011.
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