We are constantly reminded by the mass media that we are living through a recession and must be prepared to cut down on our economic expenditure, but no such advice is proffered to the owning class. 'The investment firm run by the US billionaire Warren Buffett has reported a record profit for 2013. Berkshire Hathaway made $19.5bn (£11.6bn) last year, up from $14.8bn (£8.8bn) in 2012. "On the operating front, just about everything turned out well for us last year - in some cases very well," Mr Buffett wrote to shareholders.' (BBC News, 2 March) Investors in Berkshire Hathaway with an additional $4.7bn culled from the exploitation of the working class will have no need for any cuts in their expenditure. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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