The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-03-16

I
According to the "vorwaerts," Lo-
carno meant 100 per cent and for
the Austrian so per cent realization
of socialist principles. The difference
between us is that we diagnose the
complaint of capitalism, whereas they
declare that capitalism is being re-
born for whole epoch.
IN the question of the sterilization
4 it is important to compare the pres
ent situation. In comparison with
1913, no country with the exception of
America has reached this level, altho
a number of countries are close to it,
Added to this, the population has
grown, and in normal times the pro
ductive forces grow in the same
tempo. In comparison with 1920 which
was the worst and most difficult year
for capitalism, slight and weak stab
ilization is to be observed.
| Nevertheless, the present balance Of
capitalism is the following: five mil
lion unemployed, with chronic unem-
ployment in England and now also in
Germany One million soldiers in
Europe in excess of prewar time. Low
er wages in most countries in COM
parison with peace time.
This sterilization was obtained
mostly at the cost of the working
classes and also with the assistance of
American aid" There are various
methods of bourgeois sterilization.
The German method is the so-called
naturalization" the English use the
method of defation, the French use
he method of imitation, but all of them
are carried thru at the cost of the
workers. The English conservatives
have artihcially increased the num-
bers of the unemployed. The French
methods at the moment hit chiefly the
lpetty bourgeoisie. The American
method consists in the high interest
on their loans and in the growth of
the tax avalanche.
We are therefore justified in saying.
that the sterilization partly strength
ems the bourgeoisie, but that it is car
ried thru by such means that even
tually it must result in a revolutions
cation Of the situation.
Since the last session of the en-
larged executive the English stabiliza-
ton suffered a decline, despite the
small improvement shown during the
last few months. The new factor in
the situation is that one of the vic
torious powers, France is suffering
from long wearying, and ever sharp
ening crisis. A year ago in Germany
there was an excellent" situation,
nevertheless a serious crisis and Sc
we're unemployment has set in. And one
must remember that the effects of the
Dawes plan are only beginning to
show themselves in their first stages.
Even the bourgeois economist Keynes
sees that the crises, not only in Ger
many, but also in England are only
to be solved by a political storm. The
complete collapse of the sterilization
of Poland is of first rate Importance,
because it stands in the middle of
British, American and French in
huence. The events of the Orient
prove still more the doubtful nature
of the sterilization.
lust as in the time before the war
the antagonism between England
and Germany was the most important
factor in the world, so today the most
important factor is the antagonism be-
tween England and America. Never.
theless, this question must not be
treated too simply. The superior adj
vantage Of America must not be ex.
aggerated, particularly as the popula-
ton Of Europe is three times that OF
America, and that the population of
Europe includes 100 million proletar-
ians. On the other hand however.
this antagonism must not be under
estimated. The export of capital is
very large. Sixty per cent of the total
gold supplies are to be found today
in America, and apart from this.
Europe Is completely in debt to Amer
lea. America is already beginning to
dare to couple it's loans, for instance
in Belgium, with political conditions.
In England the situation is quite
different. II has lost its privileged
situation, despite the recent small
betterments, this is an accomplished
fact. Naturally, we must not count up
on the revolution in England in a few
months. But the earlier and unclear
line OF development has become
clearer. And in this situation the Eng
lish conservative government harbors
a war plan against Soviet Russia
altho II is expecting a conflict in It's
own country with the miners.
WE must recognize the basic diff
w ference In the situation Of the
I English and American workers. The
development inside the working