Accurate Quote by John Lanchester
“It has been a masterful fight-back by the big banks. We the paying public can't do anything much except admit defeat and settle back for the next set of bills. In the meantime, perhaps, we should try and think of a name for the new economic system, which certainly isn't capitalism ... The most accurate term would probably be "bankocracy".”
About This Quote
Source Book: The Wall: A Novel by John Lanchester, 2018
The quote critiques the dominance of big banks and suggests a new term “bankocracy” for the current economic system.
In simple terms: Big banks dominate; a new term is suggested.
Key Takeaway
Consider naming the system to highlight its flaws.
Themes
economics
politics
power structures
language
critique
Mood
critical
skeptical
Type
analytical
political
When to use this quote
- policy debate
- public discourse
- academic analysis
- media commentary
Key Concepts
financial dominance
systemic control
public perception
Questions to Reflect On
- How does labeling affect public perception?
- What alternatives exist to reform banking?
A Different Perspective
The term may oversimplify complex financial realities.
![“He [Groucho's father] had absolutely no training, and if you had ever seen one of his suits, you'd realize what an accurate statement that is. You see, Pop never used a tape measure. He didn't believe in it. He said he could just look at a man and tell hi.” quote by Groucho Marx](https://sms4smile.com/quotes/img-quotes/02f/groucho-marx-788_accurate_he-groucho-s-father-had-absolutely-no-tr_22161.jpg)
