Plutocracy is more despotic then monarchy; more insolent than aristocracy; more selfish than bureaucracy. It accumulates by conscious fraud more money than it can use, and denounces as public enemies all who question its methods or throw a light upon its crimes.
(W. J. Bryan, New York Reception, 1906).
All undertakings in the field of industry are now dependent upon the consent of the banker.
The Stock Exchange activities of the banks are becoming more and more the controlling force in every department of economic life.
Modern capitalism is the child of money-lending
Money-lending contains the root idea of capitalism
In money there is no thought of production
In money-lending economic activity has no meaning
—Werner Sombart in “The Jews and Modern Capitalism.”