Abstract
Banks and other financial services firms occupy a very powerful position in the economy. This economic power provides these firms with a considerable potential to shape what become matters for political consideration and to influence the outcomes of the public policy process. We say ‘potential’ here because there is nothing automatic about the translation of economic power into political power in contemporary capitalism. Perhaps earlier in the century, when banking politics was more personal and esoteric, the relationship between economic and political power was more direct. The issues were less complex, the policy process operated on a part-time basis, and brokering between business magnates and politicians was more the usual stuff of politics.
Published Version
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