Banking
Appearance
| Banking link (Activity) | |
|---|---|
| File:Monopoly Bank cannot go bankrupt.jpg | |
| A more subtle version of the 'tribute' extracted from peasants by the aristocracy. |
Central Banking
In the modern form, central banks are government-licensed monopolies to profit from seigniorage. This gives them a more or less unlimited economic self-interest in perpetuating the system, hence very deep pockets to try to naturalize their existence.
Private banking
The banking sector is an oligopoly with huge barriers to entry to facilitate rent seeking by preventing real competition.
See also
- City of London - Home of a lot of deep politicians.
- Wall Street - Home of a lot of deep politicians.