> Well, yeah, but there's also this, from Capital vol. 3 (p. 678 of the
Vintage ed - I almost called Wall Street Fabulous Parasites in honor of this
passage):
> *Talk about centralization! The credit system, which has its focal point
in the allegedly national banks and the big money-lenders and usurers that
surround them, is one enormous centralization and gives this class of
parasites a fabulous power not only to decimate the industrial capitalists
periodically but also to interfere in actual production in the most
dangerous manner — and this crew know nothing of production and have nothing
at all to do with it. The Acts of 1844 and 1845 are proof of the growing
power of these bandits, added to whom are the financiers and stockjobbers.*
*
* http://michael-hudson.com/2010/07/from-marx-to-goldman-sachs-the-fictions-of-fictitious-capital1/ *
*Many Social Democratic and Labour parties have jumped on the bandwagon of finance capital, not recognizing the need to rescue industrial capitalism from dependence on neofeudal finance capital before the older conflict between labor and industrial capital over wage levels and working conditions can be resumed. That is what happens when one reads only Volume I of Capital, neglecting the discussion of fictitious capital in Volumes II and III and Theories of Surplus Value *
*