On the Defense of Parasitic Finance

[Max Sawicky]

There seems to be more concentration, but it is
not obvious that there is more industry+bank
concentration in the U.S.

Concentration within banking certainly lends
itself to the parasitism metaphor.

mbs

Would you say the concentration of production; the monopolies arising
therefrom; the merging or coalescence of the banks with industry such is the
history of the rise of finance capital and such is the content of that
concept ?


>>> sawicky at epinet.org 01/12/01 04:09PM >>>
I wouldn't try to make such a distinction in a
comprehensive fashion for analytical purposes.

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.

mbs


>
> >It also serves the interests of -- surprize!
> >-- parasitic finance, the decision-making
> >mechanism of Capitalism.