#heidinmoore — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #heidinmoore, aggregated by home.social.
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Banks as feudal lords: how the financial system extracts monopoly rents through network dynamics
...Instead of capitalism based on democratic principles of trade, it’s more of a feudal system: The land is owned by the banking class and anyone using it has to pay the owners. The “land,” in this case, is the entire U.S. financial system of banking and credit....
-- Heidi N. Moore's observation, on which I comment.
https://old.reddit.com/r/dredmorbius/comments/71r2hd/banks_as_feudal_lords_how_the_financial_system/