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profits

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.

Voice From the Back

Capitalist profits

From December 1, when the second stage of this year's pay award is implemented, a D-grade staff nurse will earn a basic of between £12,855 and £14,705. Starting salaries for teachers are £14,500 and for police constables £15,500. Guardian, 6 August.

Full Marx!

Karl Marx's theories may not be much appreciated in police forces, but his observation that under capitalism everything eventually becomes a commodity may strike a few chords in the Los Angeles police department: it is registering its initials LAPD as a trademark. Guardian, 6 August.

Value for money

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