The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1925-10-31
By William F. Dunno

NHf6 RlIb1FE klG NA0A tfANf -
savings by worklngmen In the past
ten years which amount to over ten
billions of dollars distributed among
more than 25,ooo,ooo workers, we
witness another economic fact Of
the first Importance.
And, II we begin to examine the
distribution Of life insurance poll
cies we discover according to one
authority that more than two-thirds
of these are held by wage earners,
which means that Of the total
amount of SO billions Of dollars Of
insurance for more than go billions,
that two-thirds are held by workers.
AS a noted economist has pointed
out, this amount is greater than the
estimated wealth of our country IN
1890. Taken with the increases in
building and loan associations, and
you are facing an economic fact OF
an Importance equalIed perhaps on
~ by the vast diffusion in stock
ownership which today in this
country represents many hundreds
of millions OF dollars.
OBSERVERS in attendance at
" Atlantic City report that as the
above juicy figures rolled from the
lips Of Spencer Miller, Jr. in an ecs-
tatic stream, a joyous moan, similar
to that heard during the period of the
religious orgasm at methodist camp
meeting, arose from the convention,
while the labor officials present, with
drooling mouths, followed the words
OF the speaker. They had vision Of
entering the ombination of the cave
of Monte Cristo and King Solomon's
mines which he pictured and which
the magic key of class collaboration
would open.
THAT this is held by Spencer
i Miller, Jr., avatar of official A.
F. of L. policy, to be the key to the
solution of the problem of the rela-
tionship of capital and labor which
has remained unsolved by weaker in.
tellects, is shown with convincing
completeness by his quotation from
a recent work on the subject by Prof.
Carver
Said the intellectual leader of the
A. F. of L. in speaking of the adj
vances of labor banking, labor insur-
ance schemes, the B. G o. plan, etc.
Indeed, so significant is this whole
economic change that it has been
properly characterized as an econ
omie revolution by students of our
economic life. Professor Carver in
recent Illuminating discussion Of
this matter writes:
1.-THE only economic revolution
now under way is going on in the
United States. It is a revolution
that Is TO wipe out the distinction
between laborers and capitalists by
making laborers their own capital
lists and by compelling most cap
itaIists to become laborers Of one
kind or another, because not many
of them will be able to live on re-
turns from capital alone. This is
something new in the history Of the
world"
This higher strategy Of American
labor based on the solid ground Of
capital ownership represents the de-
termination of labor in this coun-
try. mot TO WAGE A CLASS
WAR, BUT TO CONQUER THE
CIRCUMSTANCES THAT GIVE
RISE TO CLASS WARFARE"
Emphasis Mine-W. r. d.
TO destroy the circumstances that
4 give rise to class warfare without
waging a class war impresses we
feebler spirits as task that most
of us would approach with some fear
and trembling. But to the giant in
tellects of the A. F. of l.. Workers
Education Bureau its presents no
difficulties at all.
And why?
Because, stripped Of all the balder-
dash Of the middle class pseudo
economists who cluster around the
pay-windows Of the A. F. Of L. unions.
the class struggle is to be liquidated
by the surrender of the workers to
the bosses. This is their goal.
A S Lenin said of Kautsky and his
"A followers:
1--WE" recognize the class war, as
II is recognized by the liberals: that
is, without the overthrow of the
boureeoise.
We have dealt above with what
might be termed the A. F. of L..
bureaucracy's theoretical justiica-
ton Of their class collaboration policy.
That 1t is really a system Of thought
propagated consciously is shown BY
the report Of the representative Of
the Workers Education Bureau.
Its practical application will be
shown in the next article.
fTr kaa al.