The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-07-29
Results Of the Plenary Session
of the Executive Committee
Of Communist International
Speech by Nikolai Bucharin.
CONTINUED from last issue.)

L am OF the opinion LhaJ IN the llrSl
place this estimate is entirely wrong
There is Of course no thought Of
denying that there have been defeats
severe defeats. But it is entirely
useless to attempt to place these de-
feats to the account of the so-called
"opportunist" majority of the Central
Committee, since a large number OF
these defeats conceded with the cul-
minating point of the leading role
played by Comrade Zinoviev in the
Comintern, and of the fairly i'm
portant part taken in the Political
Bureau of the c. c. and Of the C. P
S. U. by those comrades who are no
longer members Of this Bureau. ]
am however not DESTROYS of drawing
attention to these matters. I only
wish to point out the incorrectness of
drawing such wholesale conclusions
as the statement that we are weaker
at the present time than formerly.
There has been a certain regrouping
Of forces in Europe of late. This
phenomenon has received due con-
sideration in the thesis on the par
tial sterilization of capitalism" The
present period is. characterized by a
temporary firmer footing of Euro
pean capitalism, especially of central
European capitalism.
The utterances denying the partial
sterilization of capitalism are pure
nonsense. The economics of European
capitalism have become stronger, es-
pecially the economics of German
capitalism. Enormous amounts of
capital have been invested in in
dustry. The fact of an economic up
lift if further confirmed by the
literary data at our disposal, by the
index figures, and by the reports of
comrades coming from this country.
What will happen later is another
question. 1t is probable that the
limited capacity of the home markets
will lead to a mighty collapse after
the lapse of a certain time, but it is
possible that the curve of develop
ment may continue to rise for the
time being. There is no doubt what
ever that German capitalism has a
securer footing than before; and
there is as little doubt that there is
q simultaneous political consolidiza-
ton of the forces of German capital
ism, a cooperation among the agrar-
ians and industrialists belonging to
every wing, firmer establishment
of the Fascist organizations, a con-
solicitation of these organizations
and their united front, accomplished
in the united front in combination
with the present German govern
ment.
The assertions that Polish capital
ism is falling rapidly into decay, are
not true by any means. On the con-
trary, we see that Polish capitalism
is passing through a period of in
contestable temporary consolidiza-
ton, both politically and economic
ally. This is based on a number of
causes. In the first place, the Polish
bourgeoisie was helped by the Brit
ish strike, and then by a large num-
Der of loans and investments, es-
pecially from American capitalists.
There is thus no possibility of
throwing doubts on the regrouping
of forces in the direction of a stabili-
cation of capitalism, and a consolidi-
cation and firmer establishment of its
political positions in Central Europe.
And there as little doubt that Tin
oviev was in error when he lately
stated that the sterilization had al
ready disappeared.
The greatest popularity of the pres
ent situation is however the fact that
that inequality in the development of
capitalism, referred to at the VII.
Enlarged Plenum of the Executive
Committee, has become more con-
spicuous than before. The many
sidedness, diversity, and inconsistency
In the development of the various de-
partments of the worlds economics
have found even clearer expression
And though on the one hand we must
admit the advancing consolidation
Of European continental capitalism,
on the other hand we observe with
equal clearness the rising tempest of
the Chinese revolution, which is
sweeping through the whole system
Of international relations in our
present state of society, shaking them
to their foundations.
When we take into account all these
facts of present day development,
and when we duly estimate the i'm
nensity Of the Chinese revolution and
it's consequences, and the growing
power of the Soviet Union, then we
can scarcely arrive at the conclusion
"that we have become weaker" 1t is
true that our antagonist has become
stronger (this we admit when we
recognize the partial stabilizationl.
But a general comparison of forces
does not show him to have gained any
advantage. The formula of our hav-
ing "become weaker" does not express
the actual state of affairs.
The general estimate laid before
us by the Opposition is therefore