A captured state refers to a state that exhibits a strong centralized authority that has been captured by members of insecure elites who frustrate or eradicate rivals. A state is captured when the elite members disagree on a common set of rules by which they are governed. –USLEGAL.COM
‘State capture’ obtains when a small number of firms (or such entities as the military) is able to shape the rules of the game to its advantage through massive illicit, and non-transparent provision of private benefits to officials and politicians. Examples of such behaviour include the ability to control legislative votes, to obtain favourable executive decrees and court decisions. A relatively new concept, the main proponents being World Bank researchers, it echoes that of ‘crony capitalism’ and covers cases where high-level corruption is pervasive. (See military-industrial complex; clientelism.) — Federico Varese
The Organized Crime / Banking At Its Finest Show
In a new edition of their Organized Crime / Banking At Its Finest Show, Canadian financial analyst Rob Kirby and German financial journalist Lars Schall discuss this week’s dismissal by the U.S. Commodity Futures Trading Commission of complaints about manipulation of the silver market. In particular, Kirby and Schall focus on a powerful entity that is rarely mentioned in financial mainstream journalism, if at all: the Exchange Stabilization Fund. – By Lars Schall
Not a Revolution, but rather Evolution.
A Shift of Consciousness as awareness increases and the People implement creative alternatives.
A leaderless, self-organizing phenomena. ~ Ron