“The principal and primary function of banks is to serve as an intermediary in the making of payments. In doing so they transform inactive money capital into active capital, that is, into capital producing a profit; they collect all kinds of money revenues and place them at the disposal of the capitalist class.”

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Two

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The principal and primary function of banks is to serve as an intermediary in the making of payments. In doing so they …" by Vladimir Lenin?
Vladimir Lenin photo
Vladimir Lenin 336
Russian politician, led the October Revolution 1870–1924

Related quotes

Vladimir Lenin photo

“The transformation of numerous intermediaries into a handful of monopolists represents one of the fundamental processes in the transformation of capitalism into capitalist imperialism.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Two

Antonie Pannekoek photo
Karl Marx photo
Karl Marx photo
Vladimir Lenin photo
Mwanandeke Kindembo photo
David Harvey photo

“The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 12, Production Of Spatial Configurations, p. 376

David Harvey photo

“If all money capital invests in appropriation and none in actual production, than capitalism is not long for this world.”

David Harvey (1935) British anthropologist

Source: The Limits To Capital (2006 VERSO Edition), Chapter 9, Money, Credit And Finance, p. 269

Vladimir Lenin photo

“The principal feature of modern capitalism is the domination of monopolist combines of the big capitalists.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Six

Steve Keen photo

“The term 'capital' has two quite different meanings in economics: a sum of money, and a collection of machinery.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 6, The Holy War Over Capital, p. 130

Related topics