The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1927-09-23


terized by the fact that bv and large it is more
stable with respect to the capitalst crisis
During the war the United States expanded its
productive apparatus considerably and from
country which lacked capital and imported it, be-
came country exporting capital. The distin-
gushing feature of the United tSates is that to-
gether with an extremely high industrial develop
ment it possesses an extremely developed agricul-
ture of such dimensions that If is an exporter of
agricultural raw materials. This distinguishing
feature of the United States the possession of an
apparatus based upon tremendous production and
export of industrial products and agricultural pro-
duce, is the reason why, although a direct victor
in the world war the country has nevertheless been
drawn into the process of the decline of capital
ism. Of this decline strikes America less
strongly than the European countries. since it ac-
quires stability from its own domestic market and
from the export of capital to the undeveloped re-
giOns and countries of South America, China, Can
ada and other non-European countries.
Japan, particularly in connection with the war,
developed into strong, capitalist, openly imperi-
alst country. The decline of capitalism affected
the speed of her development but her productive
apparatus not damaged. the money and credit
systems are sound, the accumulation of capital
continues. From this it can be said that japan
still has the economic foundations for preserving
its capitalism, independent of the severe break
down of Central Europe.
Here we have also aCnada, Australia New Zea-
land. These are completely developed capitalist
states possessing larg eand developed agricul-
ture enabling capitalism to develop on the basis
oil the internal market The decline of capitalism
gradually brings these countries to the organiza-
ton OF closed-in self-sufficig economy.
AS for England and the neutral European states
Switzerland, the Scandinavian countries, etc
Cne productive apparatus of these countries on the
"hole' suffered little. But England and these
countries do not possess sufficient agriculture of
their own and therefore are closely involved in
Che world market OF food and raw materials On
Ihe oCher hand, considerable portion o ftheir
production must find sale on the world market.
tney are to avoid unemployment and the confu-
sion of their economic life AS for England. we
must note also, that her rule in the colonial pos
sessions is becoming more and more precarious
uue 70 the emancipation movement in India, west.
ern Asia and Africa. Thus these European states
are less stable with respect to the process of the
decline of capitalism than the trans-oceanic conn
tries.
In view OF developments during the last two
years. England must now be placed definitely in
the class of capitalist countries with declining
capitalism The unfavorable trade balance of
Great Britain has grown continually since 1922
Inc coal crisis IS menacing the entire economic
uo'ure' Inc recent general and coal strikes are
Tleat manifestations Of the downward trend of
BRUSH capitalism and of an accommodating revo1,,-
tonary situation in England.
16. WHAT ARE THE ARACTER1Sr1co M
THE POSTWAR PERIOD OF THE ECONO-
MY OF THE STATES WITH DECLINING
CAPITALISM?
MS group of countries in in general not mi
form, although there enter into it all the Countries
ieAcept England) which took part in the war
namely: France, Belgium, and Italv on the one
ilano' and Germany, Austria, Poland, Czecbo-SIo-
Vakla and the little Eastern European countries
on the other
Inc economy of these countries is characterized
IN general by the fact that it is in condition ~
greater or lesser decline and that these countrio.
are no longer able to develop their productive
forces within the bounds of capitalism.
AT 1rst glance it might seem that the first three
countries are IN better position. narticnlorl,,
I rance. She has sufficiently broad aoricn+,,ro1
o"SiS' she Is capable with a certain amount Of Of
LorC OF feeding herself, and this makes bor 1oss
sensitive to the goings-on on the world rnar7,o+
linen she has become an exporting country If
ueaVy INDUSTRY, thanks to the annexation of AL /
SAGE horralne. These circumstances together with
ner extended colonies make France one of +bo bio.
eeS1 Imperalst power in the world. However on
'.OSer analysis, we see that the economic fonda
'iOns OF france are weak small ponulation =
and damaged productive annar-
aus, an unsettled monetary economy, bad govern
metal IInances-all this is too weak foundation
Tor the gigantic imperiaIist machine of Franoa
'ur'nermOre the Indebtedness of France is extra
'iuiharlIy great SO that in the coming wears ovor
NE whole government income would hardly be emf
L.eN' 20 pay tne interest on the government debt
- Contradictions give no basis to assume
i'' france is outside the influence of the general
european Crisis and Decline and therefore catas '
rope is unavoidable for her. AS for Italv the
lecilne OF capitalism has gone very far there, and
nc VIII not emerge from the constant crises nm
employment, deficits, ETC. :
As for Germany Austria. Poland and Czecbo-
'l0Vakia IN them especially in the first three the
nenomena OF decline are manifested with particu c
ar clearness. !
Inc decline OF capitalism in Germany, Austria !,
'oland and Czecho-Slocakia is bevond doubt n =
ne last named three countries # has become avon