The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-04-21
Gary's Endorsement

Judge Gilbert A. Gary chairman of the United
States Steel Corporation, has just returned from
a three months pleasure trip to various South
American countries
Judging from the steel magnates observations
we find that Gary is one of those rare individuals
who is in position to combine pleasure with bust
ness But it is just such combinations by our rul-
ing class that serve the introduction to deep
seated political economic and military conflicts at
future date.
Upon his return Mr. Gary said: IT think South
America offers good field for the investment of
American capital. 1 saw important business men
and presidents of all the provinces in South Amer
ica and they impressed me favorably." These re-
marks are of considerable significance Gary's
word in the world of capitalist finance goes
mighty long distance. His advice and Endorsement
most often border on law in the realm of industry
Already American capitalists have invested close
to four billion dollars in the LatinAmerican coun
tries The findings of the United States Steel
Corporation head viii go long way towards in
creasing American capitalist participation in the
industrial development of South America.
For the few monopolistic capitalist owners the
problem of investments translates itself into a
question of diplomacy, dollars, and dividends
ers this glowing report is only precursor of the
development of a state of affairs in which their
homes their security, their very lives are endan-
gered. American capitalists are taking advantage
of the present weakness of their European com
petitors to consolidate their hold on Latin-Amer
lea. Our imperialists, flushed with an arrogant
pride because of their newly established recognized
world business leadership, driving the less de-
xeloped industrial countries into most harsh
bargains.
Yet, worms will turn sometime. Once the Euro
pean capitalist groups get back their feet and
challenge our imperialists plunge, the war clouds
will hover and hell may let loose in another CAPT
talist confagation. We will be told then to fight
and die for one of Americas bedrock" principles:
America for the Americans Likewise, when the
masses of these countries protest against and re-
sist their exploitation by capitalists, our en-
ploying class government will rush to the dis
tant clmes and lands to defend claw and ORDER"
civilization" national honor" and a multitude
of other distractions behind which there Turk the
endangered heavy dollar investments and fabulous
dividends
So long as the ownership and control of capital
remains in the hands of a special class leyying
tribute in the form of giant profits on the vast
number of wOrkingmen and poor farmers for the
right to use the capital which they themselves
have produced, wars, class and national civil and
international, are the inevitable outcome. No
league of imperialist hooters, no sweet lullabies
sung by the loudest Of liberals, fake peace for
muae, can essentially alter this terrible condition
A thoro-going reorganization of industry on Com
munist lines, with capital which is socially used
being socially, collectively owned and controlled,
alone can turn these tidal waves of destruction en-
quilting the strong and weak countries alike.