Concentration In Banking -- A Paradigm Of Manipulative Control And Power
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.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- 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.
- Stefania Vitali & James B. Glattfelder & Stefano Battiston, 2011. "The network of global corporate control," Papers 1107.5728, arXiv.org, revised Sep 2011.
When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:9:y:2013:i:1:p:53-62. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eryk Wdowiak)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.