The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-01-17
Billion Dollar Trade
Balance Last Year is
Troubling Capitalism
BY J. LOUIS ENoDAHL

TODAY the writer's of the capitalist class economists in
the "GooseStep" universities financial experts on
the Brass Check press much worried the trade
balance for 1925 in favor Of the United States of nearly
billion dollars They wondering what is to be done with
It None OF them wants to hit at the truth.
George W. Hinman ex-college president, but now one
OF Hearss writer's finance says this huge trade balance
will be offset by American spenders travelling abroad That
Is an echo of theory that the rich will keep their stolen
plus in circulation thru rotous living In this way apo
Iogst for capitalism tells the capitalist will get too
ch What he doesn't spend his parasitic heirs supposed
to take care OF.
But the great American fortunes have become lasting
institutions under capitalism, proof against ndoent
heirs So the American spender abroad
any apPrebe degree the growing American trade balance
Not even the marrying of American girls of the dissoute
rich to foreign titles affects the growing indebtedness of
Europe to this country This especially true since the title
market has been considerably crippled by the revolutionary
wave originating in Soviet Russia in 1917
The capitalist economists of various schools have many
nostrums Some say, donate the surplus in charity to Eu
rope, write off few debts. Others say cut down the
tariff and make possible to buy foreign goods, cheap
goods Some favor making loans to Europe But these
all merely surface applications. None OF them really
a lasting effect the growing surplus They also
fall to take into consideration that the American capitalist
is in business to make profits for himself not to bestoW
charity on Europe or to allow European capitalists to sell
goods cheapy in this country to steal part OF his market
The American capitalist offspring of American capitalist
imperialism, is in business only exploit the United
States but to spread the fields of his exploitation every
country earth that will yield satisfactory return
Seven thousand islands of the under the
domination of Wall Streets "Stars and Stripes" They
weren't picked out either summer winter resorts for the
idle rich
The limit has been reached developing new markets
Another method of getting markets Is steal them from
other nations Germany lost her markets during the
But she back in the struggle to find places sell her
goods Germany must find markets to sell her goods the
Dawes Plan isn't worth the paper is written France
is not great exporting nation she isn't worried The
money to US But England is great exporting nation Her
trade balance has turned against her. She must sell
Busy coal mines in the Ruhr may separations
payments France but they also tens of thousands
of idle coal miners in England. That brings England
directly into conflict with Germany:
But that billion dollar trade surplus for the United
States that American capitalism has billion dollars
on hands re-invest in foreign lands If it
cannot find profitable investments at home That explains
for instance the effort of American imperialism to tighten its
grip on China.
This brings American capitalist imperialism into direct
conflict with the needs and the ambitions of the caPas
of Great Britain and Germany not to mention the lesser
nations And these conflicting trade valries always lead
on to new and greater imperialist wars.
There only country the face of the earth today
that have trade surplus and enjoy it, That Soviet
The first Workers Republic does have trade surplus
That means that exports more than imports This is
of its greatest achievements coming after the
victory OF the revolution sign OF recovery at home
trade surplus for Russia means credits in for
egn ands opportunities to purchase the things that
the Russian workers and peasants need The greater the
surplus the better able the SOVIET Republic Will be to satisfy
those needs and lift the standard of living Of the Russian
American capitalism interested in lifting the
standard of living of the American workers and farmers
is only interested In png up its profits thru the
ploitaton possible.
That Is the difference between capitalist rule and Soviet
rule.
1t is easy to see why the capitalist economists and
financial writer's have difficult time reaching favorable
conclusion for capitalism in their studies of the world nanc
a situation II they studied conditions rightly they dare
do they would the path of progress everywhere
leading to the World Soviet Victory.