The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-12-13
Lower Standards.


brought production to a pre-war level
and in some cases beyond that. On
the other hand, by means of fascist
violence in some countries and social
democracy in others, it has restored
the state apparatus and attained a
certain political stability. The fever
ish CONFUSION Of the capitalist world
in the immediate postwar period is
Temporarily driven inward. But only
the blind social democrats can speak
of beginning of new epoch of "or-
ganic development" of capitalism.
"The postwar capitalist crisis is
not overcome despite certain
sterilization and growth in produc-
ton, technical reconstruction and or
ganizational achievements and de-
spite partial and temporary i'm.
provement in the situation of the
home countries, not only in America,
but also Europe.
Undermine Capitalism.
''This crisis continuously under
mines the very foundations of the
capitalist world. It's destructive &C
ton is not eliminated nor can it
be eliminated, although it proceeds
on a new basis and takes new forms.
The bourgeoisie did not and will not
succeed in the prevention of struc-
tural changes in world economy. The
industrial centres shifted across the
ocean, the colonial east ceased being
the inarticulate object of capitalist
plumber and the ousting of Britain
from world production proceeds at a
terrific rate.
Britain is converted from the
great workshop of the world to a
dividend-hunting country living ON the
income of its raw material monopoly
and not on production as formerly.
Role of U. S. S. r.
Despite the German economic sue
cesses, insurmountable difficulties
arising from the Dawes plan exist
lettering Germany. European Bal
kaniZation, mass unemployment, the
impoverishment of the masses and
the contraction of the home market
have brought Italy and Czechoslovakia
to the threshold of a crisis.
FINALLY, the elimination of the U
s. S. R. from the capitalist sphere
the appearance and the consolidation
of vast country under the prole-
tartan dictatorship, is a real anC
most powerful factor in capitalist de-
cline. Contemporary capitalism suf-
| fers over the pre-war capitalism by
the enormous inequality 'of its de-
velopment. The greater the in
equality of development of the various
capitalist countries, the less stable arc
all its. contracts and agreements anc
the closer it comes to new partition
of markets by the imperialist robbers
and to new war catastrophes.
4 Low Wages.
"European-American antagonisms
arouse among the capitalist powers
tendencies toward economic CONSOLE
dalton observable in forms of grow.
ing justification and hitherto un.
precedented in the development OF
finance capital. New peculiar forms
of state capitalism are extensively
developing in Europe.
However,, the social-democratic
conclusion drawn from the partial
Sterilization of capitalist economy
that an epoch without wars is setting
in, is absolutely unfounded and
Thoroughly opportunistic. The fact is
that within the limits of sterilization
contradictions mature and the crisis
is accumulated. Partial economic sue
cesses Of individual countries proceed
at the expense of the intensive ex-
ploitation of the working class.
Except in the United States,
wages nowhere reach the pre-wa1
level and capitalists are now consider
ing the question of further wage re-
auctions. The capitalist offensive
against the working class is conducted
with the close collaboration Of the So
cial democrats and the aristocracy of
the opportunist trade unions. This
collaboration generates new methods
of influencing the workers, new in
dustrial peace theology.
Hits Green Bureaucracy.
"The chief spokesman of these ideas
is the American Federation of Labor
led by highly paid bureaucrats. 1t is
followed by so-called company unions
! labor banks, etc. This movement
finds fertile soil in America owing to
the high material level of the Ameri-
can workers. simultaneously, how
ever, the American Negro workers are
subjected to unparalleled exploitation
working a ten or eleven hour day fo1
pittance. The industrial peace idea
is intensively advocated by the social
democratic and opportunist leaders
of the British trade union movement
endeavoring it's cultivation on Euro
pean soil.
This cannot succeed because an
absolutely different economic situa-
ton exists in America. The Euro
pean bourgeoisie cannot even throw
20 hn 10 "a