Who Rules America Today? (was Re: On the Defense of Parasitic Finance)

[Max Sawicky]

. . . 
In short, through property ownership & governance (of corporations, 
"non-profits," & governments), "finance" & "production" are 
empirically inseparable, according to the empiricist tradition of 
Domhoff, C. Wright Mills, etc.  It goes without saying that, in a 
Marxist analysis, "finance" cannot be turned into a separate entity 
that dominates "production" parasitically from outside, in that 
surplus value comes nowhere except from production, be it of products 
or services.  There is no "M-M'" except _inside_ the circuit of 
M-C-M'.    Yoshie

As you imply, the hip-bone/thigh-bone discourse is
not very illuminating.  "Empirically inseparable" is
a meaningless statement, where meaning really means
something.

I could as easily contradict what you say goes without
saying, although you felt the need to say it, by
saying that the whole point of the marxist analysis
is that finance dominates production.  But I have no
desire to launch a new faction in marxism, at least
not this week.

At any rate, what matters most is not whatever
marxist analysis says, but what is true.

mbs

"Mr. Roosevelt is satisfactory to the moneyed interests,
he has secretly pledged his administration to do what the
financiers (and they are the trust magnates also) want done. . ."

(WJ Bryan, "The Commoner, Condensed," v. IV, 1905)