[PEN-L:32857] Re: Re: 'Neill goes, Bono stays

[Doug Henwood <dhenwood@xxxxxxxxx>]

Chris Burford wrote:

>  But what sector of capitalism did he represent if it was not finance capital?

Are you using this term in Hilferding's sense, as the unity of
industry and finance on the mystical model of the Holy Trinity? I
don't think things are so seamlessly joined. O'Neill came out of
fairly traditional heavy industry and always expressed hostility
towards Wall Street - and they returned the favor. They never trusted
his dedication to a strong dollar policy, one issue that divides
manufacturers and financiers. Wall Street wants a markets guy at
Treasury - we'll see if they get what they want.

Doug