On the Defense of Parasitic Finance

Charles Brown CharlesB at CNCL.ci.detroit.mi.us
Tue Jan 16 14:06:08 PST 2001


I can't quite decode this thread, but nothing should be used to censor the terminology "finance capital" , "financial oligarchy", finance this and finance that to refer to a significant and commanding aspect of the capitalist ruling class structure in the year 2001, both in the U.S. and transnationally.

CB


>>> CharlesB at CNCL.ci.detroit.mi.us 01/16/01 04:27PM >>>


>>> dhenwood at panix.com 01/16/01 04:17PM >>>
Max Sawicky wrote:


> The critics of financial reform
>have no political program worthy of the name.

Union organizing. A better welfare state. Comparable worth. Not real complicated.

(((((((((((

CB: The targetting of the financial oligarchy's rule and phase of capitalism must be revolutionary as well as reformist. They'll reverse all reforms eventually without more fundamental change. Look at how much New Deal reforms have been reversed.



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