Capitalism is at present going through one of its recessions. We have rising unemployment, businesses threatened with bankruptcy and mortgage foreclosures leading to re-possessions. However its not all doom and gloom, some capitalist concerns are doing well despite the recession. "Sales of London homes that are so luxurious they contain temperature-controlled cupboards for storing fur coats has helped profits to rise 20 per cent at Saville. The upmarket property group said that demand from foreign millionaires had enabled it to sell more homes than ever in the £5 million-plus bracket ... Saville said that first-half profits rose from £17.2 million last year to £20.6 million." (Times, 19 August) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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