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Re: Query: Ford/General Motors

I think that this is very important.  For me it signifies that the
center of gravity of the economy is shifting in the direction of finance
capital, except that I would include intellectual property as part of
the nonmaterial properties that represent the core of finance capital.

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
-----Original Message-----
From: PEN-L list [mailto:PEN-L@xxxxxxxxxxxxxxxx] On Behalf Of Michael
Hoover
Sent: Friday, July 23, 2004 10:33 AM
To: PEN-L@xxxxxxxxxxxxxxxx
Subject: [PEN-L] Query: Ford/General Motors

what is progressive economist take on ford and general motors releasng
info the other day indicating that each only made profits from
credit/lending operations...
michael hoover

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