0.1 Front matter - Wall Street

WALL STREET

WALL STREET

How It Works

and for Whom

DOUG HENWOOD

Paperback originally published in 1998 by Verso (New

York & London).

Published on the web by Doug Henwood in 2005

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First published by Verso 1997

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The credit system, which has its focal point in the allegedly national

banks and the big money-lenders and usurers that surround them, is

one enormous centralization and gives this class of parasites a fabulous

power not only to decimate the industrial capitalists periodically but

also to interfere in actual production in the most dangerous manner¡ª

and this crew know nothing of production and have nothing at all to

do with it.

¡ª Marx, Capital, vol. 3, chap. 33

I¡¯m not a parasite. I¡¯m an investor.

¡ª Lyonya Gulubkov, described by the New York Times as ¡°a bumbling

Russian Everyman¡± responding to ¡°Soviet-style¡± taunts in an ad for the

fraudulent MMM investment scheme which collapsed in 1994

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