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Salient. Official Newspaper of Victoria University of Wellington Students Association. Vol 40 No. 19. August 1 1977

Profits a Dirty Word?

Profits a Dirty Word?

Chapman went on to say that profits must not be a dirty word [how much did BNZ make last financial year?].

'Profits', though, have become a dirty word for many good reasons. It is the drive for profits which make workers work longer tours for less and less real income; it is profit seeking which means inevitable booms and slumps which lay off millions and causes immense suffering in society; it is profits which have meant large scale destruction of grain, stock, machines and factories when they prove uneconomic to run; it is profits that hold up technological and social progress because it may be "unprofitable".

Chapman is a traitor by blaming the economic crisis on NZ people and deceiving us all by suggesting that prosperity will come with a lowering in the already low living standards.