Banks: Skating on Thin Ice

Authors

  • Paul M. Sweezy
  • Harry Magdoff

DOI:

https://doi.org/10.14452/MR-026-09-1975-02_1

Keywords:

Political Economy

Abstract

By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit thus become the most effective means of driving capitalist production beyond its own limits and one of the most effective vehicles of crises and swindle. - Marx, Capital, vol. 3

Published

1975-02-01

Issue

Section

Review of the Month