The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-12-25
THE TASKS OF THE PARTY IN THE PRESENT SITUATION
THE WAR DANGER

The present third period of postwar development of world
taism the period of socaled capitalist reconstruction
The third period which, in the MAN, the period
tast exceeding the level
omy of the u s. R. also almost simultaneously exceeding the
level (the beginning of the oaed period
the further growth Of the socialist forms of the basis of
ehnique) For the capitalist system, period
rapid development technique and accelerated growth
trusts and which tendencies of development capital
ism are observed At the same time is period of intense develop
ment of the contradictions of world capitalism operating
capitalism contraction markets. S. R. colonial
growth of the inherent iperian)
accentuaed Is ineyitably Giving rise - ~ fash is r. naa
salist against against
imperialism and mpeast intervention and to gigantic class battles
The ntensfcaton of all international antagonm
between the capitalist states and the u s. s. r. the military
ton Northern beginning partition
China the struggles impeaists etc.,
ntenscaion of the internal in capitalist countries
he swing to the Left of the of the worknga growing
auteness of the class STRUGGLED and the wide development of colonial
movements China India and Sya which are taking place in this
period will inevitably leadhrough further the
tradcion of capitalist sabizaon capitalist sterilization
becoming still pcarous and the nensifan the
general crisis of capitalism Thess of the Sixth World Congress
of the Comintern).
The highly sharpened rvalries between British
Imperialism which constitute the central point in the world
political situation leading inevitably world At the
liberalism Europe AGAINST the United States eel World imperial
continues the further partition China generating
this sharp conflicts between America and Japan America
and England boc the developing Angoapanese
alliance s. Imperialism The betrayal of the Chinese
revolution by the Chinese bourgeo produced setback
further development present higher
leadership the Party
aumuatng for fresh successful attack the mperass
end it's agents the native mass and their bourgeose China
Revolutionary struggles colonial fast maturing
IN India where the oppressed masses of peasants led by the working
class and the foreground the
Latin America, Africa developing under
heavy pressure of mperaist aggression
At the time world imperialism continues sharpen its
teeth against the Soviet Union whose economic growth Socialist
basis inenses the contradictions of Imperialism. The
mperia attack against the Soviet Union becoming increasingly
more actual
Thus the third period of capitalism ushers
period Of highly sharpened imperial vaes chiefly between
peoples imperialism tChna India Latin America
fd preparation for mperast against the Soviet Union and
struggles working peaantry
against the capitalists within all the mpeaist countries
/. TOWARDS A MATURING ECONOMIC CRISIS
Present in
The of industrial development which the middle of 1928
took turn upward is again beginning to show downward trends
industrial
the critical situation such basic sections COAL tex
shipping oil agriculture points the
crisis with the and suffering the tong
Only industries increasing production
months These automobiles STEEL machinery, and electric
and equipment This fact and the further of
the south oa texes) explain the slight upward turn the
This however produced no notable improvement the general
depression prevented however, sharp and the
the crisis The intensive application of farm machinery
agriculture worsenng the condition of the small farmer and
dispacng growth power aggravatng
further the crisis the industry The continued Naturalization
England growth technique efficiency general
naturalization further dspang labor from industry and ncreas
ing the army of "superfluous" workers
output of 91.3 per of capacity October
steel has fallen the third
while the December of about The
automobile industry which the main buyer of steel
months itself slowing down production The October of
automobiles decline of nearly the output
September Building permits operations the decrease
The of the industry producing agriculture
machinery.
The tendencies of decline u S. agriculture continuing
It's specific gravity American capitalist decreasing At
the time the buying capacities the falling Pro-
of manufacture progressively taking the place of food
stufs and material in u S. trade The intensive
introduction of high modern technique into agriculture
panied by concentration land capital the hands of
bankers farmer capitalist further Of the
dtons of the SMALL oaed independent farmer and the
of large working and tenant
This further undermines the market acceerates
maturing economic crisis.
Further of of these key and other industries
mpraist markets ration
cheaper production competition the world
attacks the the workers.
yearly OF automobile sales the
IT, S. has gone declared Mar "
tast The producing the steel industry
is about eight present
sumption plus export
u commodities increasing but the of
declining showing highly intensified world mpera rvaries In
the two years. 9252 capitalism gained
export trade American capitalism gained cent? that is
But in the nine months
increase of u s. exports only IA the
corresponding period of 1927
America United States of capital continually
Increasing the Of commodities meeting the increasingly
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