The big bankers of the world, who practise the terrorism of money, are more powerful than kings and field marshals, even more than the Pope of Rome himself. They never dirty their hands. They kill no-one: they limit themselves to applauding the show.
Interpretation
The quote suggests that powerful bankers wield more influence than traditional authorities without engaging in direct violence.
Eduardo Galeano's quote highlights the immense power that financial elites hold over society. He argues that these bankers manipulate the economy and control vast resources, exerting a form of 'money terrorism' that is more potent than traditional forms of power like political leaders or religious figures. Their influence often operates behind the scenes, allowing them to escape the consequences of their actions while still significantly impacting lives.
In practice
During a speech on economic reform, this quote can be used to highlight the need for transparency in the banking sector.
Utopia is on the horizon. I move two steps closer; it moves two steps further away. I walk another ten steps and the horizon runs ten steps further away. As much as I may walk, I'll never reach it. So what's the point of utopia? The point is this: to keep walking.
It is highly improbable that the bureaucrat will put his life on the line. It is absolutely impossible that he'll put his job on the line.
We live in a world that treats the dead better than the living. We, the living are askers of questions and givers of answers, and we have other grave defects unpardonable by a system that believes death, like money, improves people.
History never really says goodbye. History says, 'See you later.'
The more freedom is extended to business, the more prisons have to be built for those who suffer from that business.
Utopia lies at the horizon. When I draw nearer by two steps, it retreats two steps. If I proceed ten steps forward, it swiftly slips ten steps ahead. No matter how far I go, I can never reach it. What, then, is the purpose of utopia? It is to cause us to advance.
I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.
The rich have markets, the poor have bureaucrats.
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
Nothing so weakens government as persistent inflation.
Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country.
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