When the VNS were dichotomized into for-profit and non-profit, the proportion of the former was slightly lower in our sample (this study: 10.7%; national: 13.0%, Pearson's chi-square test p = 0.05).
Some three in every four of England's 15,000 care homes are now run for profit and the proportion is rising.
Over all, corporations contributed 1.2percentt of their pre-tax profits, the same proportion as the previous year, but down from the highs of the mid-1980's.
Profits as a proportion of GDP are at a 50-year high, and so is business investment, which is running at 14.2% of GDP.
In the Chunxiao field, Japan will form a joint venture with two Chinese state-owned companies, with profits split in proportion to their investment.
In the US, unemployment has rarely been this bad for this long, wages have rarely been this stagnant and corporate profits, as a proportion of GDP, have never been this high.
Even in the boom years when profits swelled, the proportion of tax paid by big companies fell: a third on the FTSE 100 paid no tax in 2005-6, withethelpelp of byzantine avoidance practices.
And even when there are sound theoretical reasons why a ratio should revert to the mean over time (such as profits as a proportion of GDP), it can take ages for the shift to occur.
For a while, that has been disguised by the surge in corporate profits as a proportion of American GDP to a post-war high; the corollary of the depressed level of real wages.
Messrs Kapur and Macleod suggest there may even be a link between the growth of profits as a proportion of national income and the rising popularity of far-right European parties such as the National Front in France.If there were such a backlash, it could be a threat not just to globalisation, but to democracy itself.
