Lennon's Theory of Capitalism

Banks begin to consolidate and start acting like monopolies an in of themselves. Smaller banks end up gettingpur by larger banks, bringing them under their control. Banks can choose not to giv money to industry to expand in certain directions. They can sit on boards for dustrial companies and corporations,. And so something's changed here. Its no longer just that the free market is gone and we have monopolies that rule things. But now even those industrial monopolies are not in charge of everything. And finance takes on a rof its own wat example of how this change occurs: the development of the stock exchange.