"In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures"
About this Quote
The specific intent is less to rant than to normalize a structural claim: governments are not only lobbied, they are conditioned. By foregrounding "in addition to", he suggests this isn't a scandalous exception but an additive system of control, one that remains effective even when formal channels are regulated. The subtext is cynical but not conspiratorial in the tinfoil sense; it's the cooler cynicism of institutional analysis. Bankers don't need to seize the state because they can shape the state's options, narrowing what seems "responsible" or "possible" through financial dependency.
Context matters. Quigley wrote in a century when central banking, wartime finance, and postwar international institutions fused public policy with private credit at unprecedented scale. Read against that backdrop, his line isn't just anti-banker animus; it's an observation about modern governance: when a government runs on borrowed oxygen, the people who control the tanks get a vote, whether or not they ever stand for election.
Quote Details
| Topic | Money |
|---|---|
| Source | Tragedy and Hope: A History of the World in Our Time, Carroll Quigley, 1966. |
| Cite |
Citation Formats
APA Style (7th ed.)
Quigley, Carroll. (2026, January 15). In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures. FixQuotes. https://fixquotes.com/quotes/in-addition-to-their-power-over-government-based-40564/
Chicago Style
Quigley, Carroll. "In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/in-addition-to-their-power-over-government-based-40564/.
MLA Style (9th ed.)
"In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/in-addition-to-their-power-over-government-based-40564/. Accessed 12 Feb. 2026.




