[lbo-talk] Relativity of class unity or division

[Michael Perelman]

Interesting thought.  But how often does finance capital not just push for higher 
profits, regardless of their higher sentiments.  Paulson was seen as a tree hugger.  
Did his investment strategy ever take trees into account, or did he just take some of 
his profits & contribute to the Sierra Club?

Also, from what I read, the new generation of hedge fund boys are as vicious as 
anything imaginable.  I think of finance capital as traditionally being from old 
money, from people who live well, but are not absorbed with money grubbing.  Is that 
still true today?  I suspect that it is not.

On Mon, Oct 02, 2006 at 03:06:29PM -0400, Doug Henwood wrote:
> 
> I know you're fond of describing the present-day US as fascist, but  
> finance capital here is far from the most reactionary, chauvinist  
> sector of society. In fact, they're rather cosmopolitan and  
> internationalist, compared to your average car dealer, farmer, or  
> McDonald's franchisee.
> 
> Doug
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com