unions

Doug Henwood dhenwood at panix.com
Tue Aug 13 10:50:17 PDT 2002


Carrol Cox wrote:


>Doug Henwood wrote:
>>
>> That
>> makes her the opposite of a capitalist in some ways - an
>> old-fashioned rich person who enjoyed hoarding and/or spending, but
>> not throwing her capital into the M-C-M' circuitry.
>>
>
>Yes she was. She didn't live off principal. I suspect but off of
>dividends, interest, etc. She was a rentier.

And how did she provide capital for production by buying bonds or stocks?

Doug



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