Brilliant quote from Eduardo Galeano on role of bankers in India’s demonetisation and cash war

Via the latest edition of GreatGameIndia magazine:

The big bankers of the world, who practice the terrorism of money, are more powerful than kings and field marshals, even more than the Pope of Rome himself. They never dirty their hands. They kill no-one: they limit themselves to applauding the show. Their officials, international technocrats, rule our countries: they are neither presidents nor ministers, they have not been elected, but they decide the level of salaries and public expenditure, investments and divestments, prices, taxes, interest rates, subsidies, when the sun rises and how frequently it rains. However, they don’t concern themselves with the prisons or torture chambers or concentration camps or extermination centers, although these house the inevitable consequences of their acts. The technocrats claim the privilege of irresponsibility: ‘We’re neutral’ they say. – Galeano (1991)

Just brilliant. Sums up the nonchalance attitude of Indian banking heads on demonetisation and war on cash. It was written way back in 1991 but applies across periods and countries.

One should also read God’s Bankers by Gerald Posner to get a sense of how and why bankers are so powerful..


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