Doug Henwood wrote:
> Max Sawicky wrote:
>
> [clip]
>
> >It also serves the interests of -- surprize!
> >-- parasitic finance, the decision-making
> >mechanism of Capitalism.
If one were to take one of the issues of Forbes 400, with particular emphasis on the "family wealth" in the back along with the core list, would it be possible to divide up those names into two groups, one industrial capitalists and one "parasitic financiers"? That is, if one focuses on the capitalist class (on the people and familites that constitute it) is it possible to differentiate it into a "progressive" or "good" or "productive" group of people and a parasitic group of people?
Carrol
>
>
> Are CEOs and other senior execs, who are employed by industry and
> earn their very considerable wages from the uncompensated labor of
> others, members of industry or parasitic finance?
>
> So if "parasitic finance" is the "decision-making mechanism of
> capitalism" - which I agree with - does that mean it's not capitalism
> but the decision-making mechanism that's the problem? How do you
> separate production from decision-making? Are execs who do discounted
> cash flow analysis to decide whether to open or close a plant
> engaging in industrial or financial logic?
>
> Doug