[PEN-L:7732] Re: Re: Leninism

[Doug Henwood <dhenwood@xxxxxxxxx>]

Charles Brown wrote:

>Charles: Seems to me there has been a merger of financial and industrial
>capital. Wallstreet seems exactly that. Doug Henwood points out that there
>is a recent trend of corporations raising money through borrowing not so
>much stocks. That is they borrow from financial institutions. That
>relationship is a merger of industry and finance.

No the relation isn't one of identity. We're still dealing with separate
institutions, finance & industry, though they're connected in complex ways.

If they were one, why would you even speak of firms borrowing from banks?

Doug