The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-04-29


ciety but also between the different members with
in one and the same class. One stands in the
way of the other, and each one tries to remove
and replace those who stand in his wav. Both
the workers and the bourgeoise compete among
themselves The competition of workers among
themselves IS the very worst phenomenon in the
situation of the workers under capitalism in the
hands OF the bourgeOisie'-Engels
In the course OF the struggle against capitalism
the proletar1at begins more and more TO carry on
the struggle IN an organized manner and by this
Weakens the rulnouS effect of competition within
the ranks of the working class
~. As CAPITALISM DEVELOPS. DO ANAR-
CH1, COMPETITION. CONCENTRATION
AND GENERALIZATION OF CAPITAL DE-
CREASE OR INCREASE
Not only do they not decrease. but on the con-
trary they grow greater, ceaselessIv.
Inc bigger the capitalist enterprises become. the
stronger and more obdurate is the rivalry and the
struggle between them, the more rapid does the
supplanting of small and meSfur canitalist en-
terprises become, and the greater grows the ex-
ploitation by capital of the working class. since
greater and greater masses of surplus value are
appropriated by the capitalists and 90 for the ac
emulation OF capital
lneSe Phenomena reach particularly great pro-
portions in the second latest nariod of caDtalsr,
IN the epoch Of finance capital carving out 10 the
eXtereme limit the fundamental contradictions in
herent in capitalism
CHAPTER III
FINANCE CAPITAL AND IMPERIALISM
1 WHAT ECONOMIC PHENOMENA CHARAC-
TERIZE THE DEVELOPMENT OF CAPI-
TALISM IN THE MODERN PERIOD-TN
THE EPOCH OF THE FORMATION AND
THE GROWTH OF THE FINANCE CAPT
ITAL?
Flrst' the broad development of every kind Of
combinations Of capitalists and eapitalist entsr-
prises. Second the growth of banking eapital and
the role of the banks. Third the union of BANKING
capital with industrial capital Fourth. the sbarn
enlng OF the struggle for foreign markets, sources
o. raw material and world mastery.
Z WHAT CAUSES THE CAPITALISTS AND
CAPITALIST ENTERPRISES TO UNITE?
As the concentration and Capitalization of Cant
tai develops, with the ACCOMPANYING ruin of the
small and medium entrepreneurs. the number IF
capitalists gets less and less in proportion n the
total number of enterprises and the numbers Of
the population. The capitalists. Insignificant IN
numbers, remaining in each separate branch of
industry begin TO unite among themselves In ax
tract more effectively profits bv means of nerg-
ing their capital, and for united struggle with
the workers, purchasers Consumers and comnet-
ltors To this the capitalists are forced BY com
petition and the growing demand for the forma- +
ton OF continually greater masses Of capital for
the organization and operation of the Iargest-size
present-day enterprises.
). WHAT ARE THE CHIEF FORMS OF
COMBINATIONS OF THE CAPITALISTS
ON THE ECONOMIC FIELD?
FIRST, stock companies; second, various alliances
Of capitalist enterprises, the most important of
@hicn are combines cartels, syndicates and trusts
4 WHAT Is A STOCK COMPANY?
This IS big capitalist enterprise which is es-
and operated by means of pooling the
shareholders in the stock company and receive
capital Of a few or many persons who become
profits on the shares Of stock held BY them.
stock company enterprises arise at that time when
ne concentration Of production and capital has
reached considerable proportions, and consequently
when the formation of new big and stable enter
7rlses large sums Of capital are required. To
'otaln these number of capitalists club together
ma issue their own paper shares of stocl-which
re bought by the well-to-do persons in order to
hare profits (dividends) Of the undertaking
The great modern capitalist enterprises. particl-
arly the railroad, shipping, metaIlurgical coal and
~ -OOOLlot4fe anu machine works, ShIDDuIl0in2
aimed the possibility of birth and existence in
ne form OF private capitalist institutions thanks
o the stock company form which permitted the
e capitalists not only TO unite their capital but
$50 to use the small sums of capital of large
umbers Of people, particularly through the me
ium of the banks
The essence Of stock company lies in the fact
hat here few big capitalists make use of num-
rous small sums OF capital and even the little
avlngs OF numberless non-capitalist persons lem
loyees, officials, peasants etc. Each one of the
-oekholders OF the company invests his money
no receives the equivalent number of shares Of
giving the holder the right to re-
ave an income from the profits Of the company.
IN this way the great corporation capital is
'rmed after which it is welded BY the directors
the enterprise, the chief stockholders and bust
sss men.
Al the time when stock companies began to
'lse, the bourgeois economists and the reform
Is tamong the Social Democrats) said that by
lying shares every worker and employee could
w become capitalist and share in the profits
Id administration Of capitalist economy, and in :
is way the struggle and the difference between Z
e capitalists and the proletarians would be eff :
ced. :
Needless IN Ssv ro%b;-r- ~ a. -. - 49, Z