Ninth Lecture
You see, the individual banker was no longer the ruling force. This gradually changed into the rule of shares, of banknotes as such. And we have gradually sailed into the time when the individual money owner is no longer the essential thing, but the abstract, accumulated capital. A person can be rich today and poor tomorrow. The human being himself rolls up and rolls down. The joint-stock company, the abstract one - I explained this in Nuremberg in 1908 - is what has become dominant.
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