“The Private Control of Credit” – Quote by Upton Sinclair

„The private control of credit is the modern form of slavery.“

Upton SinclairUpton Sinclair on private control of credit, economic dependence, and the modern form of slavery.
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James H. Barry was the editor of the weekly San Francisco Star and a sharp critic of the media monopolies of his time.

Upton Sinclair criticizes private control of credit as an expression of modern economic dependence.


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Quote image about the private control of credit by Upton Sinclair

James H. Barry was the editor of the weekly San Francisco Star. He became known for his critical views on media monopolies and their influence on public opinion, as clearly expressed in his quote about the Associated Press.

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"Banking was conceived in iniquity and born in sin... Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to continue to be a slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit." Sir Josiah Stamp
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