Activity Quote by Hilaire Belloc
“The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call "interesting." He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down.”
About This Quote
The quote criticizes how the banking system favors the wealthy, making it hard for smaller players to obtain credit without excessive collateral.
In simple terms: Banks favor the rich, making credit hard for the small.
Key Takeaway
Seek fair credit access and reduce collateral burdens.
Themes
economics
inequality
finance
power dynamics
Mood
frustrated
critical
Type
analytical
critical
When to use this quote
- small businesses
- startup financing
- personal loans
Key Concepts
credit access
collateral requirements
financial inclusion
Questions to Reflect On
- How can smaller entities obtain credit more easily?
- What reforms could lower collateral demands?
A Different Perspective
The system also provides benefits to small borrowers through alternative lenders.
![“For no one, in our long decline,So dusty, spiteful and divided,Had quite such pleasant friends as mine,Or loved them half as much as I did. [stanza 3]The library was most inviting:The books upon the crowded shelvesWere mainly of our private writing:We kept a school and taught ourselves. [stanza…” quote by Hilaire Belloc](https://sms4smile.com/quotes/img-quotes/913/hilaire-belloc-2294_book_for-no-one-in-our-long-decline-so-dusty_140002.jpg)
