Tuesday, November 24, 2009

How the financial "Big Players" gained their power

The international financial elites wield enormous power over governments both in developing and developed industrial countries.

Legislation in many parliaments favors large corporations and puts ordinary citizens and small businesses at a disadvantage. Wealth is being systematically transferred from the middle classes to the super-rich. The poor are getting poorer and are joined in by more and more former members of the middle-classes.

Large banks, which had brought themselves and the whole world economy to the verge of bankruptcy by their fraudulent speculations, are being bailed out with tax-payer money, while small banks with honest business practices are being swallowed by those just bailed out. (more)

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