Friday, November 22, 2019

The Economics of "Oil." (1929)

From the June 1929 issue of the Socialist Standard

Winston was right after all when he stated recently that the workers have more “amenities” now than ever before. If any of our readers are still sceptical regarding this fact, the cutting below from the “Daily Herald” (May 11th), taken from the report of the Chairman at the Annual General Meeting of the Margarine Union, Ltd., will dissipate any doubts on the matter :—
  He mentioned that over £1,600,000 bad been spent on advertising during 1928 and had been fully charged to Profit and Loss. The consumption of margarine was continually increasing, no doubt due to the fact that it occupied a rather unique position, because whilst being one of the cheapest and best food commodities in existence, it was sold at the same price to the public as before the war.
And yet there are still workers who do not know on which side their bread is BUTTERED.
Sarcastigator.

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