processes, to the completeness of their organisation and the power of their capital. To a lesser extent, the machine-building industry and certain branches of engineering and transport are in the same position."²⁰

Monopoly: this is the last word in the "most recent phase of capitalist development." But we shall only have a very insufficient, incomplete, and poor notion of the real power and the role of present-day monopolies, if we do not take into consideration the part played by the banks.