- Capitalism and Alternatives -

Rate of profit.

Posted by: Red Deathy ( Socialist Party, UK ) on July 05, 1999 at 13:16:24:

In Reply to: I just spent some profits the other day. posted by The Capitalist Pig on July 02, 1999 at 14:21:23:

: I just spent some profits the other day. Hired someone and bought a computer. I need profits if i don't I go out of business. I'd say that is a legitimate need.

Yes, thats why we marxist types use rate of profit as the accurate measure of business success.

1million profits is a lot, when you spent 1 million to get it.
But 1million sucks when you spent 10million to get it.

Real *profit* is that which is not required for re-investment, which iss surplus, and which can be given out to shareholders.

: Also profits are symptom of a successful business. If you have no profits your business is not efficient. for example gov't. Can you name one efficient gov't run business?

Why should I, have I ever advocated government run business? And its not a sign of efficiency, its a sign of fiscal prudence, a difference.




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