> --- Charles Brown <CharlesB at CNCL.ci.detroit.mi.us> wrote: >
>>
>>
>> CB: I agree with Carrol on defining fascism more rigorously , and not fast
>> and loose: the openly terrorist rule of the most chauvinist, reactionary
>> sectors of finance capital.
>>
>
>Why _finance_ capital? Finance is typically far more open and international
>than industrial capital; it has a lot more to lose from autarky and less to
>gain from chuavinism, particularly if that is oupled with austerity. The
>stereotypic fascist is the small industrialist or shopkeeper, not the banker.
Hey, it's the formula, don't question it!
But Hilferding (& Lenin) used "financial capital" to name the alleged merger of industrial and financial capital into a single entity. So all those battles between shareholders and managers over governance - forget 'em. Illusions. Mere appearances.
Doug