The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-05-30
By E. vARGA

OlSle are raced WIN the alLerndtlVes
Either to obtain reparations but at
the price Of the keen competition Of
Germany on the world market, and as
consequence, depreciation of the
mark, social disorders, and a dicta-
torship of the right or of the pro-
letariat in Germany; or to renounce
the reparations for the amount that
was provided for, to gain a deciding
influence in German economic life and
to make such use of it that Germany
can be kept down as an industrial RI
raj. In other words: Less reparations
but no re-establishment Of Germany
as a dangerous competitor in the
world. The report signifies that the
entente bourgeoisie has decided on
the latter solution. If we assume this
to be the case the conclusions of the
'eport, which in part are somewhat
strange, become fairly clear.
The mortgage upon the railways
and the control Of the German rail-
ways will be settled by the entente,
and in such manner that German in
Idustry will not be able to give an
artificial stimulus to its exports by
means Of preferential freights on
goods destined for export, as was the
case before the war
The five milliard mortgage upon
German industry signifies that the
lcost of production of German indus
try will be correspondingly increased.
The control of the Note bank sig
nifies that the discount policy of the
central note institute will be fixed
lby the entente bourgeoisie and the
amount Of the credits to industry, as
well as the rate of interest, will be set
in accordance with the needs of the
English and French bourgeoisie, while
the development of German industry
can be hindered by limitation of credit
and high rate of interest.
The investment of five milliard gold
marks in German shares (this amount
may be increased), signifies that the
entente bourgeoisie, which, as it al
eady holds considerable amounts of
he shares in German industries, gets
possession of the most important
lUIdHCucS u GCIUldu luQUCtA
Taken altogether this signifies that
Germany comes under the economic
control Of the entente bourgeoisie and
that this control will be exercised be-
fore all with the idea of suppressing
the ability of Germany to compete
in the world market and to restrict
the development of German economic
life.
In our former reports we have often
pointed out that the spokesman of the
English and French bourgeosie are al
ways emphasizing the following: Eng
land has a debt of about $50 milliard
gold marks upon which she must pay
interest, whereas Germany, owing to
the depreciation of the currency, is
free Of debts. This signifies that the
English manufacturer has to pay
much higher taxes than the German
and that wages in England are higher
than in Germany. Consequently a
Preparations policy must be adopted
(which ensures the ability of England
and France to compete in the world
market. AS this does not harmonic
with the payment Of PREPARATIONS on
the old system Of the payment of cur
Irency without regard to the further
fate of the German rate of exchange,
since this would compel Germany to
force her export of goods, the eco
nomic meaning of the report is: Less
Preparations, but the domination of the
German economic system in order to
prevent the dangerous development
of new competitor of the entente
bourgeoisie, in the world market