The other thing we wanted to push against is the flip side of that notion, which is the idea of finance as a distinct social actor with a distinct set of interests – that we can talk about finance capital as if it had its own material interests distinct , or opposed to, industrial capital or capital in general.

That just doesn’t seem to fit the sociology of the system we live under, where there’s obviously a lot of back and forth between these groups. In general, the wealth that takes the form of claims on productive enterprises also takes the form of financial assets. There’s not a distinct group of people or entities who you would call industrial capital as opposed to finance capital.

Again, this functional view of finance, as the enforcement arm of the capitalist class as a whole, seems more productive.