[lbo-talk] Capitalism on Derivatives?

Marv Gandall marvgandall at videotron.ca
Sat Feb 27 12:25:31 PST 2010


On 2010-02-27, at 2:47 PM, brad bauerly wrote:


> Marv wrote:
>> So then, part of what neoliberalism amounts to in my view is the
>> discovery by capital that more profit could be made by investing in
>> financial `products' than investing in production of tangible goods and
>> services. In the large picture huge sums were taken out of industrial
>> production systems and moved to non-production systems. There were many
>> other aspects to neoliberalism's financialization model like expansion
>> through mergers and acquisitions rather than investment in new
>> production systems.
========================== The above was from Chuck...



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