Hi Michael; isn't 'finance capital' a problematic phrase, given that Hilferding meant that various fractions of capital would be bought up by the banks -- and this is the opposite?
Doug Henwood told me once that the Ford strategy -- which in the 1980s entailed not only a major emphasis on financing but also the purchase of hundreds of failed S&Ls within its Nationwide (?) S&L holding company (making it, at that point, I recall, the world's largest thrift institution) -- had changed by the mid-1990s. My guess is it won't help you because it's probably not online, but I did an article on Ford's S&L gambit for Multinational Monitor in July 1989. ----- Original Message ----- From: "michael" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Monday, August 04, 2003 4:11 AM Subject: question on finance capital Business Week describes GM becoming almost entirely dependent on its finance unit. I recall seeing something similar about Ford. Does anyone recall a source?
