By the Way (1967)

From the September 1967 issue of the Socialist Standard

In effect, a Labour Government has decided not to do much about the poverty in our midst. (Professor Peter Townsend in a letter to The Times 28.7.67).

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As far as the United States is concerned the search for peace in South East Asia never ends. (R. McCloskey, State Dept., spokesman, Washington 2.8.67).

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Soviet economists have in recent years worked out a theory of price formation for the present stage of our country’s development, and while much more has still to be done, already triumphant in the new prices is the scientific principle of the so-called socialist price of production. It embodies, besides cost price, labour inputs, depreciation of assets and capital investments. (Anatoli Klinsky, Learned Secretary, Economic Research Institute of the USSR State Planning Committee, The Times 2.8.67).