BANKING VS DEMOCRACY: how power shifted from parliament to the banking sector

Jay OwenReforming Global Finance

EXECUtIVE SUMMARY
This report asks if power has shifted from Westminster down the river to the
City of London. What we find is a banking system that has more ‘spending
power’ than the democratically elected government, no accountability to the
people, and massive concentration of power in the hands of a few individuals.

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