On 1/4/06, Max Sawicky <[EMAIL PROTECTED]> wrote: > The third is embodied in this fragment I picked up today: > > "Hedge funds so flush with cash that they are lending money into a > commercial real estate bubble, bidding up the price of gold and financing > hostile takeovers." > > http://www.washingtonpost.com/wp-dyn/content/article/2006/01/03/AR2006010301 > 358_pf.html > > Is my taxonomy right? The third item seems underemphasized in Marx, or is > it actually there? It seems very salient today. > > Mbs
------------------------ The sentence in the article before your quote is even more pertinent: "A corporate sector unable to find a more profitable use for its record retained earnings than buying up its own stock or overpaying for questionable acquisitions." [Interested readers can consult Susan Strange' "Casino Capitalism" for an interesting take on the various Marxist insights on such a problem]
