Reduction of current arms expenditure b only a half-and much more than this could achieved by a workers state-would release £2,000 million a year. It would also leave th world a decidedly safer and freer place by c ing down all the British bases abroad In addition to these vast personal income and military expenditure, there is of course vast misuse and misdirection of resources un capitalism. For example, in the boom of 19 73 no less than £4,000 million was used on l speculation and office building in London a In the United States-and Britain is not far b hind-it is calculated that 50 per cent of the cost of many goods in the shops is accounte for by advertising and packaging. Eliminatic of this waste would release vast resources.
• MISUSE OF RESOURCES • The Cambridge Political Economy Group calculated that around 1,300,000 people in Britain are employed in advertising, financia
15 may 1975 NO I bike