The Resurgence of Financial Control

Fact or Fancy

Bibliographic Data

ID9198225
AuthorsPaul M Sweezy (corresponding author)
Year1971
Volume23
Issue6
Pages1
Publication date1971-11-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueMonthly Review (JOURNAL)
Journal identifiersISSN: 0027-0520 • E-ISSN: 0027-0520
PublisherMonthly Review Foundation (PUBLISHER)
DOI10.14452/mr-023-06-1971-10_1
OpenAlexW2026153255
LanguageEN
Citations received6

A long three-part article by Robert Fitch and Mary Oppenheimer on "Who Rules the Corporations?" in Socialist Revolution (vol. 1, nos. 4, 5, 6) purports to demonstrate that giant U.S. corporations are controlled by banks and other financial institutions. In order to support this thesis, Fitch and Oppenheimer (henceforth F&O) find it necessary to attack views expressed by Paul Baran and me in Monopoly Capital. We are labeled "Marxist managerialists" and are charged with many grave errors of omission and commission. How large this misguided group is supposed to be is not clear, since James O'Connor is the only other one specifically named as belonging to it; but it seems evident that F&O regard the three of us not as isolated cases but as representatives of a significant theoretical trend which can seriously mislead the American Left. Under the circumstances a detailed reply seems called for.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website

Capital (architecture) · Commission · Economic history · Economics · Law and economics · Market economy · Marxist philosophy · Monopoly · Order (exchange) · Political economy · Political science · Politics · Sociology · Finance · History · Law · Political Economy and Marxism

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