Poli.V

Social Commentary, Activism, Humanism

January 24, 2013

Filed under: Uncategorized — Poli-V @ 6:29 pm

The House always wins – a great analogy and insightful look at banks.

Red Barcelona

Modern banking institutions have existed for the last 5 centuries in Europe. They were basically created in Europe for those people with large amounts of money/gold to keep it in a safe place. And soon it incorporated a lending function, to serve as intermediaries of a system that had been present for centuries beforehand:  the richer lending to the poorer to produce so that the richer could buy from them. Leaving the poor in the position that they were, poor, with constant debt and no market to sell to, and the rich ever richer. This submission to the rich side of society, slowly diminished with banks gaining more money of their own, and rich people creating their own banks. The house always wins.

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