On this basis, which was originally financial and goes back to George Peabody, there grew up in the twentieth century a power structure between London and New York which penetrated deeply into university life, the press, and the practice of foreign policy.
More Quotes from Carroll Quigley:
The bankers made loans to business so that the volume of money increased faster than the increase in goods. The result was inflation.Carroll Quigley
Hitler's economic revolution in Germany had reduced financial considerations to a point where they played no role in economic or political decisions.
Carroll Quigley
The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers.
Carroll Quigley
More important than the Milner Group's ability to influence opinion in the Dominions was its ability to influence decisions in London.
Carroll Quigley
The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.
Carroll Quigley
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