The producers news., 1927-05-27

annul competition and did not obviate the most
savage struggle In the world of capitalism. Inc
most obvious proof of this is the world imperiallst
slaughter of 1914-191S, which the world capitalist
monoplies not only did not prevent, but on the
contrary, rendered more acute and protracted.
AS the capitalist syndicates and trusts spread
out onto a world scale, the conflicts become still
more embittered between the great capitalist
states struggling on the world market for fabu-
lous profits, and for mastery.
Thus competition and anarchv do not disappear
from capitalism, but are only carried over onto
the world market becomes still more savage and
devastating and throw into the struggle not alone
separate capitalists, but the great capitalist gov
ernments.
1S. WHAT BECOMES OF THE ROLE OF COM
MERGE AS CAPITALIST CARTELS, SYN
DICATES AND TRUSTS DEVELOP?
At the beginning of the development of capital
ism commercial capital, as we know, plays the
chief role and rules over industry holding it in its
hands. Capital appears at that period mostly in
the form of trading capital held by the big mer-
chants. Further, as industrial capital grows and
develops, the role of trading, merchant, capital,
and capitalist trade becomes less and less
In the foreground now appears industrial capital
and its representatives, the capitast-ndustrialis
who have freed themselves from dependence upon
the merchants. In the period of development of
capitalist syndicates and trusts the role of capital
ist trade continues to decrease rapidly and finally
the latter falls into complete dependence upon the
syndcates and trusts and thus loses completely its
influence and independent position
At the beginning of the formation of capitalist
unions and monopoles, trade also attempts to
bx,
cial, cartels and syndicates
But the further development of industrial syn
dicates and trusts finally tears away the ground
from under the feet of independent capitalist
trade and the industrial syndicates and trusts as
they develop gather all trade into their hands and
! transform the wholesale merchants into their
trade representatives and agents for the sale and
distribution of their products.
In this way, independent trade dies out.
If any merchants still remain, then the syndi
Gates and trusts dictate to them which commodi
ties and at what price they must buy and sell, ant
where and in what place the sale must take place
Besides this, the syndicates and trusts them
selves etablish a whole network of commercial
institutions for the sale and distribution of then
commodities (for example, the tobacco trust, ETC. }
and in this way gather into their hands not only
wholesale, but also retail trade Independent cap
italist trade and its Importance is also undermin
ed from another side-as a result of the broad
development of cooperative organizations and co
operative trade, uniting many millions of working
masses.
Thus the development of capitalism leads in th
last analysis to the downfall of the independence
and to the annihilation Of special trading capital
the gains of which are completely swallowed up b!
the industrial capital united in syndicates an,
trusts and by the banking capital which develop
together with it.
Ito be continued next week.