"I feel a degree of regret that Marshall did not push on and say 'abolish the GLC' because I think it would have been a major saving and would have released massive resources for productive use."

Previous Quote

To save the banks from making losses that would wipe out their net worth, you'll have to get rid of Social Security. It means that you'll essentially have to abolish government and turn it over to the banking system to run, with an idea that the role of governments is to extract income from the economy to pay to the bondholders and the banks.

— Michael Hudson