Max Sawicky wrote:
>
> 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.
Neither "finance" nor "finance" structure grants or denies loans to anyone. People do the granting and denying. And the immediate people, loan officers etc, are obeying policies that are set by those who control/own the institution. And those people are very apt to be the same people (or their cousins) who dominate the Boards of Directors of industrial etc. corporations.
If any system or set of institutions are to blame, its capital as a social relationship, regardless of its institutional personifications. Blaming finance simply doesn't connect concretely with anything in the real world.
> This does not require one to
> celebrate the management practices of the businesses
> that might be financed under alternative policies.
>
> mbs