Sugar Daddies of Global Finance

Sugar Daddies of Global Finance By Stanley Pignal LONDON—One of the cornerstones of Marxist-Leninist thinking is that the state should control the “commanding heights” of an economy—industry, agriculture, infrastructure, and, perhaps above all, money and banking. That vision has largely perished, with one gaping exception. Government remains omnipotent in the financial system, not only on Wall Street or Threadneedle Street, but far beyond. Across the world, the state... Read More