Dirty Dancing sandwiched between the Finance Capital and the Financial Clique | bambinoides.com
Lunes 1 Mayo, 2017 12:51

Dirty Dancing sandwiched between the Finance Capital and the Financial Clique

 

 

“A steadily increasing proportion of capital in industry,” writes Hilferding, “ceases to belong to the industrialists who employ it. They obtain the use of it only through the medium of the banks which, in relation to them, represent the owners of the capital. On the other hand, the bank is forced to sink an increasing share of its funds in industry. Thus, to an ever greater degree the banker is being transformed into an industrial capitalist. This bank capital, i.e., capital in money form, which is thus actually transformed into industrial capital, I call ‘finance capital’.”

Finance capital is capital controlled by banks and employed by industrialists.” (R. Hilferding, Finance Capital, Moscow, 1912 (in Russian), pp. 338-39. — LeninVladimir Ilyich Lenin – “Imperialism, the Highest Stage of Capitalism”)

 

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