Quote by Carroll Quigley
The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.
Summary
This quote suggests that throughout the past century, bankers have consistently provided advice to governments and industrialists that primarily benefited themselves, but often led to negative consequences for governments, businesses, and the general population. It implies that the self-interest of bankers can sometimes clash with the broader welfare of society, resulting in unfavorable outcomes. The quote calls attention to the influence and impact of financial institutions on political and economic decisions, highlighting the potential risks associated with prioritizing only the interests of bankers.
Topics
History
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