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Cooking the Books: Dirty Talk at the Tory Conference

‘Profit is not a dirty word, says Cameron’, read the headline in the Times (2 October), anticipating what he was going to tell the Tory conference that day:

‘It is businesses that get wages in people’s pockets, food on their tables, hope for their families and success for the country,’ he will say. ‘Profit, wealth creation, tax cuts, enterprise: these are not dirty elitist words.’

Some of this is true, but some is not. It is true that businesses do pay people wages but it can be doubted that they provide ‘hope for their families’. And ‘wealth creation’ is not a dirty word as long as it is understood that it is those who work for a wage who produce wealth not the business enterprises that employ them and only pay them as wages a part of what they produce.

Cooking the Books: C, V and S

British Gas customers have been receiving a diagram with their bills which answers the question “where does your money go?” It shows that 56 percent goes on “gas bought from wholesale market”, 21 percent to “delivery to your home”, 10 percent to “government obligations and taxes”, 8 percent to operating costs, leaving 5 percent as “our profit”.

The Taming of the T.U.C.

What has happened to the trade unions, to their national platform the T.U.C., and to their political shadow the Labour Party? Where now is the trade union army that fought the general strike in 1926? In what dump have they parked their rusty weapon, the strike? Where are the Reds of yesteryear, and who are these men and women with their generous sprinkling of O.B.E.s, Knighthoods and Peerages who at Margate earned from the discerning observer of the Manchester Guardian (10/9/48) the tribute that "once again the T.U.C. has shown the moderate good sense that often seems to surprise its own leaders as much as the critics"?

How Capitalism Works (2): No Profit, No Production

The Law of Profits

THE LAW OF PROFITS says that each enterprise strives to make the maximum amount of profits, and that each state strives to have the maximum amount of profits made by enterprises operating within its frontiers.

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