Chinese Banks Quasi Government Institutions
Posted By: SARTRE
Date: Wednesday, 4-Sep-2013 04:18:09
Date: Wednesday, 4-Sep-2013 04:18:09
|
When is a bank an appendage of state? In China, the incorporation of commercial banking under the auspice of governmental policy is virtually indistinguishable. Philosophically, any government should have control of their currency and structure the precepts of banking and lending system. Capitalist banking would command a greater pragmatic function if competition among banks was based upon free enterprise. However, under the central banking scheme governments regulate banks, but are creatures of fractional reserve debt money issued by central bank parentage. The Chinese way has included a touch of mystery when analyzed within the context of western international banking. Read the entire article on the Negotium archive page http://www.batr.org/negotium/090413.html Discuss or comment about this essay on the BATR Forum http://forum.batr.net/showthread.php?tid=3525 |
No comments:
Post a Comment