Bankism is a financial Ponzi scheme fueled by government debt and cheap money. In Bankism, too-big-to-fail banks don’t rise or fall on their own merits. Instead, they get saved by governments that in turn force the public to pay for banks’ mistakes by imposing austerity measures and higher taxes upon them.

Bankism has replaced capitalism as the prevailing economic system in much of the world. In capitalism, businesses rise and fall on their own merits. No business is too big to fail.

Capitalism has failed; Bankism has become the prevailing global economic system of the 21st century.

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