Re: RE: Re: Re: RE: RE: Profit Rates -- From Michael Ya tes

[Doug Henwood <dhenwood@xxxxxxxxx>]

Davies, Daniel wrote:

> To be fair, although there are known serious problems with depreciation, the
> WorldCom and Global Crossing affaires aren't really relevant to the
> statistics Doug quoted.  The assets of WorldCom and Global Crossing are
> worth exactly what they were worth before the meltdown, as stock market
> movements don't mean much to cables in the ground.

And if they're part of the capital stock yet generate no profits,
isn't that a relevant and interesting fact?

Doug