John Lanchester Quotes


It 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".


Citations

Lanchester, John. "Bankocracy." London Review of Books, vol. 31, no. 21, 5 Nov. 2009.

Related Quotes

If there would be free competition in banking as opposed to monopolies in each area, This is the first major history of banks written in the United States. At the time, there was hardly any competition amongst banks. Each bank had a do facto or official monopoly in its area. In many communities of America, this is still true, but competition in banking has reached almost all high density areas of the country.


For the previous 7 years the economy had grown but almost all the benefits went to the rich producing a dramatic period where the average worker did not even get a raise under the George W. Bush economic and tax policies.


John Lanchester
John Lanchester
  • Born: February 25, 1962
  • Nationality: British
  • Profession: Journalist

John Henry Lanchester is a British journalist and novelist. He was born in Hamburg, brought up in Hong Kong and educated in England; between 1972 and 1980 at Gresham's School in Holt, Norfolk, then at St John's College, Oxford. He is married to historian and author Miranda Carter, with whom he has two children, and lives in London.