trapezocracy
English
Etymology
Neologism, from Greek τράπεζα (trápeza, bank) + -cracy. Attested in 2011 in the writings of Yanis Varoufakis. Saw increasing Internet usage during and after the Occupy Wall Street protests.[1][2]
Noun
trapezocracy (uncountable)
- (politics, neologism) political domination by banks; bankocracy.
- 2011, Y. Varoufakis, J. Halevi, N. Theocarakis, Modern Political Economics: Making Sense of the Post-2008 World, Routledge:
- Hope may not, currently, shine brightly. The light on the hill may be dim, imperceptible. But if there is a light, it comes from the original idea of democracy as the only possible antidote to trapezocracy and to the calamities that it has in store for us.
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References
- http://www.nicholasmirzoeff.com/O2012/2012/02/29/f29-against-trapezocracy/
- Google Books search for "trapezocracy" in Kowalski, R., 2014, Paradox in the Contrivance of Human Development (iUniverse)