[lbo-talk] The stock markets vs the Real Economy

Doug Henwood dhenwood at panix.com
Wed Aug 10 09:02:57 PDT 2011


On Aug 10, 2011, at 11:55 AM, Carrol Cox wrote:


> Ridiculous. It is not parasitic at all but essential to the workings of corporate capitalism. You can't tear aspects of capitalism apart like that.

Minor point: it's parasitic in the sense that capitalism is parasitic. But you're right that it's absolutely central to the workings of modern capitalism. It's one of the central institutions of class formation.

Doug



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