The financial system in its current condition poses an existential threat to Western democracy far exceeding any terrorist threat.
John LanchesterThe City is, in terms of its basic functioning, a far-off country of which we know little.
John LanchesterIt 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".
John LanchesterEconomics as a discipline has in effect become the study of capitalism. The two are taken as the same subject.
John Lanchester