bankocracy
Sign in to saveBankocracy (from the English word bank and Ancient Greek κράτος - kratos, "power, rule") or trapezocracy (from Greek τράπεζα - trapeza, "bank") is a polemic term referring to the excessive power or influence of banks on public policy-making. It can also refer to a form of government where financial institutions rule society.
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Bankocracy (from the English word bank and Ancient Greek κράτος - kratos, "power, rule") or trapezocracy (from Greek τράπεζα - trapeza, "bank") is a polemic term referring to the excessive power or influence of banks on public policy-making. It can also refer to a form of government where financial institutions rule society.
==Usage== One of the first uses of the term was by British Member of Parliament William Fullarton (1754–1808), who in a parliamentary debate on April 10, 1797 characterized the monopoly of the Bank of England as being a more important issue to solve than the peace attempts to end the war against France:
Excerpted from Wikipedia’s “bankocracy” article, available under the CC BY-SA 4.0 licence.