From: Doug Henwood
There's a lot of continuity in 2), but 1) military spending has lost a lot of its stimulative power and 3) there's almost nothing in MonoCap about finance, an institution that contributes a lot to today's class structure, but didn't so much a generation or two ago. Also, the whole model of price leadership is extremely out of date.
^^^^^^^
CB: This "finance" is based in some sense in the stock market, not the banking system ? But wasn't one of your surprising findings that corps don't raise money through the stock sales ?