So a totalitarian system has a smaller number of institutions providing credit because they can control the country more and therefore. A smaller number of beneficiaries of the system. Exactly, exactly. So The fewer sources of bank credit you have, the more centralized your society is, the more control there is in a smaller number of hands, the less democratic your country is. Exactly, that's exactly it. And of course this is also what immediately Deng Xiaoping realized, speaking to the Japanese, because they told him, well, it's all about banking. (1:31:18–1:31:30)
CLAIM
Asserts that fewer sources of bank credit lead to a more centralized and less democratic society.
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