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The only reason they have the power is because they control the currency.
It appears that instead of companies building nations, they are now building empires in which they control not just the rules, but also run the stores and control the currency across a huge number of fiefs (products).
On the positive side, inflation was brought under control, the currency stabilized and shortages were eliminated.
You may ask, isn't that the same as today; those with the most money control the currency?
A firm commitment from those that control the currency to systematically destroy its value renders investors with no choice but to plow money into risk assets.
Similar(55)
Governments often have the highest debt ratings in their countries because they can print money and they do control the currencies that domestic residents hold.
No one computer controls the currency.
Many of the Sikhs and Hindus here were once prosperous merchants, bankers, moneylenders or currency exchangers, in some cases controlling the currency bazaars.
There is general agreement in the Bitcoin community that the system must remain decentralized to prevent the possibility of any company or government controlling the currency.
Mr. Draghi is arguably more powerful, because the European Central Bank controls the currency printing presses and does not need legislative or popular approval to act.
Full convertibility of the renminbi is not an unalloyed benefit for China, because it would be harder, although not impossible, for China's central bank to continue controlling the currency's value in terms of the dollar.
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CEO of Professional Science Editing for Scientists @ prosciediting.com