We don’t have to be captive to the financial institutions, but we will continue to be so long as we try and use money as a substitute for security.
This requires attention: the reason we are controlled by “finance” is because we have given our lives to finance, meaning we have tried to use money as a store of life. We try to save up enough money to be safe in our old age (pensions), we send people money to keep them safe when the industrial economy has no job for them (benefits), and we invest the money we have to make more money (funds) so we can afford to live far enough away from people who don’t have money to feel safe.
We will not escape the grip of bankers until WE let go of abusing money as a store of security. We are creating our own unhappiness.
Read this interview with an aging German banker, who says banks act “… on behalf of pension funds, very large hedge and sovereign funds and wealthy investors. Never in the history of mankind has there been so much money in circulation, and never before was it possible to trade with it so quickly. And never before has this money used the entire planet as a playing field, as is the case today in the era of globalization. That’s the way it is and the way it will remain. There can be no turning back the clock. How shortsighted people must be when they hold bankers responsible for this development!”
He is wrong about it staying this way – read www.standardsoflife.org/sustainable_economics to see how to change this, how to create our own happiness.