[lbo-talk] An Orgy of Speculation?

[c b]

Profitability rose from 1982 to 1997, as financialization proceeded
apace. Financialization assisted the rise in profitability, by forcing
restructuring on the productive sector.

Doug

^^^^^
CB:  Doesn't capitalism financialize whenever it can get away with it
?  See here:

http://www.marxists.org/archive/marx/works/1867-c1/ch31.htm

and  here:

III. FINANCE CAPITAL AND THE FINANCIAL OLIGARCHY

http://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch03.htm

1982 to 1997 in the US was just falling into its inherent tendency.
Finanicialization is an efficient way to concentrate wealth. One
capitalist kills many.