[lbo-talk] Paul Sweezy again

Charles Brown cbrown at michiganlegal.org
Mon Mar 8 13:15:11 PST 2004


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 Also, the whole model of price leadership is extremely out of date.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 ?



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