The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-08-04

with gold (call money was being lent
at less than two per cent interes; in
the outside market'), the urge to
incorporate Europe with the Amerl
can economic system and furnish al
investment market for American cap
ital became irresistible. The Dawes
plan means not more employment for
American workers, but less and more
uncertain unemployment. The Dawes
plan is an adventure in international
monopoly built upon the enslavement
OF the German workers and tending
to force down the standard Of living
Of British, French and American work
ers as we'll. Together with the Hur-
ley plan for France, the Mellon plan
for Belgium, and the various systems
o. control imposed upon Austria, Hun.
gary, etc, it expresses the insolen,
bid Of American Imperialism for world
domination. But the plan is doomed
20 fail A country like Germany can
not be kept as colony The attempt
20 do so means, as Comrade Stain
says, ito place Europe on charged
\ mine" Moreover, England and France
II cannot reconcile their multiple differ
ences with the United States, OF which
the European situation offers only one
phase Another and an important one
IS the preponderant position Of Ameri-
can capital in Canada, its growing
Rtrength in Australia and other Bri.
ish colonies. The entire European ad
venture of American imperialism is 10
itself an earnest of the approaching
collapse of world capitalism. II rests
lpon a hundred sharpening contradic.
i:ions. For the American workers II
heralds the awful certainty Of new
wars.
%. Even before the war with Spain
lin 1898, American capitalism had
reached the point of development
where it could no longer maintain it.
self without giving up its isolation and
being drawn into the current Of world
events. The west was becoming pop
nlated. Money was no longer at q
big premium for internal develop
nents. American capitalists could
DOT count indefinitely upon a constant
consumption demand in this country
and Industry was expanding rapidly.
"a the United States itself, Big Bust
ness had developed to the point where
1t was able 10 dictate the entire for
eign policy of the government. The
Launching of the United States Steel
corporation in 1900, personified the
fusion of banking and industrial capt.
tai. 1t was the world war and the
events subsequent to it that the Unit
ed States was able to lay the basis
for its present expanded policy.
20. American imperialistic foreign
policy will now be intensified, particu-
larly as the race for oil becomes hot
/ ter. as American surplus capital con-
tinues to pile up, as the clashes with
rival Imperialism become more I'M
avoidable.. Already japan and Eng
land are engaged in fierce contest
with American imperialism-Japan in
the far east, England in Latin-Ameri-
ca. China, Asia Minor, Europe--over
all the world. England is the main
competitor. the chief capitalist. OBJ
stacle in the path of Wall Street. II
England could be eliminated or rem
dered helpless, the United States
would have a comparatively free hand
- Japan At the Washington con-
terence the United States succeeded
in breaking up the Anglo-Japanese
alliance and in forcing England 20 re.
cede from her age-old position Of
mistress of the seas, thru the accept
ance of the 5-5-3 naval basis. Too
weakened to conduct an independent
policy OF her own, England had been
constrained 10 console herself in re-
cent years with the role of a lesser
partner in Americas new imperialist-
ic ventures-as in the Dawes plan in
Europe--but England and America
are irreconcilable rivals. The present
situation in China illustrates the i'm
possibility Of reconciling the interests
of the British imperialists with those
of Wall Street. Our party must un.
derstand the basis OF the fundamental
conflict between British and Americah
Imperialism, and must be prepared for
the titanic struggle which is approach
ing.
80. Another factor that Imperialism
cannot leave out of consideration is
Soviet Russia. Soviet Russia has
made the first breach in the circle OF
orldscapitalism. She represents the
spearhead of the international class
war piercing its way into imperialist
situations. She has already shown
what the far-reaching effects Of this
may be by her support of China. The
United States. as the standard bearer
of world capitalism, has Of necessity
become the rallying center for the
battle against capitalism's mortal en-
envy. American workers must at all
times stand by Soviet Russian in the
attempts OF the capitalists to wage
war against her.