On the Defense of Parasitic Finance

[Max Sawicky]

>I would name financial persons for propaganda purposes.
>It's the apparatus and what it does that matters. One
>could also name those, manufacturing or financial types,
>who deserve credit for some kind of good, if exceptional
>and uncharacteristic, behavior.

So you're saying that the entire system of outside ownership of 
corporations should be the target? Or just names like, oh, Goldman 
Sachs? Who are the good guys in this scenario? Small business owners, 
who hate unions and minimum wage laws?   Doug

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It's not outside or inside ownership.  It's not
ownership.  It's control of capital allocation,
part of which is outside, part inside, part
a matter of ownership, part not.

The anti-semitic bogeyman underscores the need for
care in the use of names to personify stuff we don't
like.

To take  an example, there is ample evidence for a
critique of finance in regard to denying capital
to urban, minority communities for housing and
business formation.  This does not require one to
celebrate the management practices of the businesses
that might be financed under alternative policies.

mbs