Finance capitalism is seen by Marxists as a dialectical outgrowth of industrial capitalism, and part of the process by which the whole capitalist phase of history comes to an end. In the tradition of Thorstein Veblen, it is contrasted with industrial capitalism, where profit is made from the manufacture of goods.
Fascists were vocal in their opposition to finance capitalism. Academic defenders of the economic concept of capitalism, such as Eugen von Böhm-Bawerk, see profits as part of the roundabout process by which it grows and hedges against inevitable risks.