China owns the top four financial organizations in the world. Causes for worry are tempered by the fact that they are run by the state. Furthermore, all are led by members of the Communist Party. Another good sign is that 90% of the banks’ profits go back into the real, physical economy. Lastly, as it stands now, foreign banks only account for 5% of China’s economy. In addition, this terrific article goes into the history of finance capital and identifies the historical period when it became parasitic.
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