John Steinbeck: Bank Monster Growing

Posted by admin on Thursday, April 26, 2018

John Steinbeck Money Quote saying bank must constantly grow in profit and can’t stop without dying – profit and growth is their reason to exist. John Steinbeck said:
 
The bank - the monster has to have profits all the time. It can't wait. It'll die. No, taxes go on. When the monster stops growing, it dies Quote
 

“The bank – the monster has to have profits all the time. It can’t wait. It’ll die. No, taxes go on. When the monster stops growing, it dies. It can’t stay one size” — John Steinbeck

 

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In this quote, John Steinbeck is using the metaphor of a “monster” to refer to banks and businesses. He’s saying that these institutions need to continually grow and expand in order to survive. If a bank or company stops increasing its profits and “stays one size”, it will essentially “die” and cease to be viable.

Steinbeck implies that perpetual growth is a requirement built into the very nature of corporations and financial systems. The overall message seems to be that banks and businesses are like living things that must keep feeding/growing, and if they stop expanding their bottom line they will fail and collapse.

Birthday: February 27, 1902 – Death: December 20, 1968

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