The merged form as a whole is , of course, still parasitic on the working class. William Clay Ford is a parasite. Bill Gates is a parasite. Finance capital is not more parasitical than industrial capital.
CB
>>> sawicky at epinet.org 01/16/01 10:46AM >>>
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.