The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-09-02
OF POLITICAL EDU.
CATION
Continued from last week.

D. The lack of conformity of production to the
changed distribution of income expressed in the
TACT that more products of mass consumption mot
OF the first necessity produced than the work
ers and employees can buy with their decreased
real wages. This circumstance is particularly
marked in Central and Eastern Europe where the
purchasing power of the broad masses of workers
and employees has decreased most of all.
o. The development of unemployment, particu-
lary In the countries of overproduction- America.
England and the small neutral countries of Europe:
which IS being relieved temporarily by various
kinds of measures
I. The tremendous Indebtedness of the Euro
pean countries and the obligations imposed upon
Germany for the reconstruction of the economy Of
the Entente are factors which arrest the re-estab
hshment of equilibrium in world economy.
The payment of the war debts under condi-
lions OF economic crisis becomes extraordinarily
GlIIlcuiC' Since nearly all the countries of Europe
1eAcePc HhgIahd) went over to a constantly de-
PIeclaIlng paper currency, the payment of the
deots is only possible either in the form of inn
port OF commodities, in the form of cold to he
received from commodities that have been sold IF
England owes America about five billion dollars
ana the whole Indebtedness of the European conn
trles to America reaches Is billion dollars fban
this means that America has RIGHT to denoanJ
the payment of this debt in gold. But where can
1iC I4uAOpSdI countries get this gold from For
Chls reason, government which has to nav debts
must nave an economy which would permit a bud
get showing revenue, a part of which could then
go for payment of debts
but tins IS not the case. The budgets of nearly
all the indebted countries show deficits Further,
more America herself and with her the o+bor
countries with sufficient purchasing mower Close
heT doors against import of commodities h,,
means s OF tariffs and thus make it still more diff
cult Tor the debtor countries to pay their debts nv
the sale OF their commodities Thew have tn av
port at low prices and chen add the tariff duties
TO the production expenses, l. e., on the one benJ
Increase the quantity of commodities needed to nav
Ine deDts, and on the other hand make if IN from
the workers by lowering wages and lengtbenino
the working day. -0'is 'iieiilns
Thus the situation becomes extraordinarily, DIFF
1IculC Tor the national economy and for the proe-
10. WHAT ARE THE POLITICAL CHARAC-
TERISTICS OF THE POSTWAR PERIOD
OF CAPITALLISM7
The postwar period not only did not brino tho
capitalist countries to a political equilibrium but
rendered considerably more acute the world poll
Vlcal situation The imperialist "peace" treaties
Oh versailles and Sevres,* etc.-are in reality a
continuation of the imperialist war of 19141918 in
Cne Held OF economics and politics.
The Treaty of Versailles was dictated 70 Cor
many many In 1919 after the imperiaist war of 1914
10Ao Dy tne Tour powers, England France Ameri-
ca ana Italy. In this treaty. every kind of yneanr
was provided by which Germanv's nrosneritv con1d
De destroyed in the present and its development
prevented IN the future great nortion of tbe
Ecnest territory was cut awav from GERMANY in
Europe, all her colonies were taken AWAY. she
was deprived of grain, great quantities of coal and
otner minerals, her navy and merchant fleet were
taken away, she was deprived of grain. great oman
tles OF coal and other minerals her navy and mer
cnant tleet were taken away and she was obligat-
eu 70 pay an enormous indemnity
Inc treaty OF Sevres, Aug 10TH 1920 was an
asleenehC between England, France and italy i
ABOUT the division of Turkish Asia Minor amonS
e el Allies By this treaty, France got not only
SYRIA, but also Ciicia rich in cotton and the oil
lands OF Northern Mesopotamia. Italy got part
u Inc territory bordering the Gulf of Alexandretta
On tne Mediterranean Sea, etc. Besides this it |
got the concession for exploitation of the rich coal
Dasln OF Heraclea. England received the mandate /
SLe.. rights to exclusive exploitation for Mesopo-
Ianla. A considerable part of the European ter.
rlIory OF Turkey, including Thrace and the PENN
SuIa OF Galllpol, went to Greece
by THIS treaty the attempt was made to trans
loIm turkey into little Asiatic fragment.
me attempt by means of these treaties to recon
ile the contradictions between the grabbing poll
es OF the victors at the expense of the vanquish-
"a leads only to the creation of fuel for new i'm
oerialist wars
Inc partition, and the measures for securing the
BOOTY are now breaking up the victors into enemy
camps
Continued next week. {