Steve Keen’s DebtWatch No 31 February 2009: “The Roving Cavaliers of Credit”

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Talk about cen­tral­i­sa­tion! The cred­it sys­tem, which has its focus in the so-called nation­al banks and the big mon­ey-lenders and usurers sur­round­ing them, con­sti­tutes enor­mous cen­tral­i­sa­tion, and gives this class of par­a­sites the fab­u­lous pow­er, not only to peri­od­i­cal­ly despoil indus­tri­al cap­i­tal­ists, but also to inter­fere in actu­al pro­duc­tion in a most dan­ger­ous man­ner— and this gang knows noth­ing about pro­duc­tion and has noth­ing to do with it.” [1]