oligarchy or at worst under fascist regimes. In medieval times, people thought they were badly off when they paid tithes; a tenth of their income or produce to the feudal land lord. In this respect, they were better off than we are nowadays. Today more than one third of DM or dollar goes to service capital. Those who gain most are the super rich, multinationals, big insurance companies and banks." - Meaning and context.">
Chapter Three, Who Would Profit From a New Monetary System?, p. 67
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As time goes on, those who think that they live in democracies will live at best, in oligarchy or at worst under fascist regimes. In medieval times, people thought they were badly off when they paid tithes; a tenth of their income or produce to the feudal land lord. In this respect, they were better off than we are nowadays. Today more than one third of DM or dollar goes to service capital. Those who gain most are the super rich, multinationals, big insurance companies and banks.

— Margrit Kennedy

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "As time goes on, those who think that they live in democracies will live at best, in oligarchy or at worst under fascist regimes. In medieval times, people thought they were badly off when they paid tithes; a tenth of their income or produce to the feudal land lord. In this respect, they were better off than we are nowadays. Today more than one third of DM or dollar goes to service capital. Those who gain most are the super rich, multinationals, big insurance companies and banks." in the context of "Chapter Three, Who Would Profit From a New Monetary System?, p. 67" to mean that wisdom is timeless.

Source: Wikiquote: "Margrit Kennedy" (Quotes, Interest and Inflation Free Money (1995)) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Margrit Kennedy

About Margrit Kennedy

Margrit Kennedy (November 21, 1939, Chemnitz - December 28, 2013, Steyerberg) was a German architect, professor, environmentalist, author and an advocate of complementary currencies and an interest and inflation-free economy.