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We cannot create money and banks can, there is a huge power and wealth concentration in international finance atm.
Whilst true, we always have the option of quantitive easing, which is in essence the government selling bonds in the country, basically like releasing equity in a house, this does not have the risk of inflation as there is no new money. I do know I am slightly ignorant on these matters so happy to be corrected but as I understand it, this is a low(ish) risk way of the gov raising funds.
Bernhard
JWestland
We cannot create money and banks can, there is a huge power and wealth concentration in international finance atm.
HSBC laundering drug money in the USA. Proven in court. They didn't want to crack down hard on them because it could destabilize the USA economy. That means you have a problem.
But it is more the imbalance/lack of democratic control (we cannot even have the bits of control we'd have in pension funds where we can vote oversight and pick investments) I think that is the issue.