The Money Power


The Money Power is the term used to describe the wealth of global capital by Australian political commentators from the turn of the century.

The following was an editorial of 1907 in the Brisbane Worker
The Money Power! It is the greatest power on earth; and it is arrayed against Labour. No other power that is or ever was can be named with it...it attacks us through the Press - a monster with a thousand lying tongues, a beast surpassing in foulness any conceived by the mythology that invented dragons, were wolves, harpies, ghouls and vampires.
It thunders against us from innumerable platforms and pulpits. The mystic machinery of the churches it turns into an engine of wrath for our destruction. Yes, so far as we are concerned, the headquarters of the Money Power is Britain. But the Money Power is not a British institution; it is cosmopolitan.
It is of no nationality, but of all nationalities. It dominates the world. The Money Power has corrupted the faculties of the human soul, and tampered with the sanity of the human intellect...

Further writings of Frank Anstey

These men constitute the Financial Oligarchy, this group of speculators properly designated and distinguished as the Money Power, controls the whole mechanism of exchange, and all undertakings in the field of industry are subject to its will and machinations.
It wields an unseen sceptre over thrones and populations, and bloody slaughter is as profitable to its pockets as the most peaceful peculation.

Learned insight into todays monopoly of banking and money was shown by Labor Minister Eddie Ward during the inception of the World Bank and Bretton Woods, he warned....
...I am convinced that the agreement [Bretton Woods] will enthrone a world dictatorship of private finance more complete and terrible than and Hitlerite dream.
It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance.
It will undermine and destroy the democratic institutions of this country - in fact as effectively as ever the Fascist forces could have done - pervert and paganise our Christian ideals; and will undoubtedly present a new menace, endangering world peace.
World collaboration of private financial interests can only mean mass unemployment, slavery, misery, degredation and financial destruction.
Therefore, as freedom loving Australians we should reject this infamous proposal.

In 1978 Charles Levinson wrote Vodka-Cola in which he explainedThe world economy is controlled by about one thousand companies which work hand in glove with about thirty or so big banks.
These firms handle about four-fifths of total world production and owe their strength and prosperity to the fact that they have bypassed the market economy and the phenomenon of competition.

And in 1985 Willy Brandt explained in Global Challenge the same story
We also challenge the domination of the world economy by a handful of giant transnational corporations.
Already, some 200 such companies command a third of the world's total output of goods and services - massively more than the countries of the Third World.
These companies dominate the finance, trade and payments of the First and Third World alike.

The International Brotherhood of the Money Power is strongly connected via the following Banking Institutions...

  1. The Bank for International Settlements.
  2. The World Bank [International Bank of Reconstruction and Development.]
  3. The International Finance Corporation.
  4. The International Development Association.
  5. The International Monetary Fund.