British Capitalism: Workers and the Profits Squeeze
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They analyse the situation as follows. Because of increasing international competition, firms have been unable to pass on as higher prices the increased wages they have been forced to concede. Profit margins have narrowed. The evidence is clear and plentiful. But without profit to finance dividends and reinvestment, capitalism cannot survive. So which will be sacrificed - the System itself or the prosperity of ninety per cent of the population? Either way the political consequences will be formidable. | They analyse the situation as follows. Because of increasing international competition, firms have been unable to pass on as higher prices the increased wages they have been forced to concede. Profit margins have narrowed. The evidence is clear and plentiful. But without profit to finance dividends and reinvestment, capitalism cannot survive. So which will be sacrificed - the System itself or the prosperity of ninety per cent of the population? Either way the political consequences will be formidable. | ||
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[[Category:Everything]] | [[Category:Everything]] | ||
[[Category:Misc]] | [[Category:Misc]] | ||
