The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-12-26
Continued From Preceding Page)

ducton which its effects compared second industrial
revolution.
EeetrficaonThe erection of super-powr plants extension
Of public utilities Not only economics but politics public
industrial revolution.
DEVELOPMENT and Transformation 1ranspoaO-New
Of autobus trafauobus mileage already mileage;
inland Waterways commercial traffic. combination
Establishment New the chemical and artificial
SIX INDUSTRY intensified methods Of utilizing coal and OIL the
all industries; mechanzaon nenscaon agriculture
ing OF industries to of material powers
of agricultural products
CAPITALIST Offensive stand
trade monim degrade capitalist ration
aan increased exploitation of labor everywhere through
system of speedup
cency engineering aveng-bet SYSTEM wage cuts
uncons spy system open-shp drive company unions trade union
capitalism
Accumulation Capital TAX
ing place at greater than other capitalist country
Unceang justification the mergers only
corporations into trusts but of the largest into gigantic
trusts investment production goes hand in
hand with the justification transportation
Growing extension of naturalization and
tuuon %hlch amounts to revolution in the methods of dis
trbuton the form of chain and chain department
industries between tho lumber electricity
oil vs. coal aluminium IRON rayon silk.
The development of of profa rate for
small undertakings and higher rate for the large
out bold relief by the last income figures corporations
Insamen selling in retail buying
wholesale tradeHandt buying possible by
recent aceron of methods of communication and transport
One of the most significant features of the
Of the United States the organization of world trade
all countries.
States the extension of finance capital in the form of justification
of banking establishment OF branch banks banks
trance of industries into banking the of industrial
poratons the stock exchanges
of facoy-oned banks Investment trusts the
and international cartels.
The development growing
distribution Of stock ownership extension ownership
of participation in the profits of foreign investments we'll of
participation the speculation on the stock exchange growing
stratum of parasites thereby created completely divorced from
production reaching the powerful bankers
ranks of the labor arsocracy building
aggressive mperast policies of the United States
ORGANIC, CHRONIC UNEMPLOYMENT
The technical revolution ganiaationa
aizaton Of American industry responsible for the creation of
the increased productivity labor capitalist
lions of growing unemployment The introduction of
machines has been decreasing the number workers The opening
of markets keep with the speedy development
skilled The time of is heinz graa shortened yonne
workers and children take the place of adults growing
number r.s Of women arc entering into Industry
driving workers into the
industries Monopoly capitalism is running forcing
up hitherto grarian regions dustra
The large ndustraan of the South has driven hundreds
thousands of Negroes into industry Despite all prohibition of i'm
migration there annual influx of hundreds of thousands of
workers from other countries.
present capitalist conditions it there
should be constant industrial army of iobs The
prosperity industry unemployed
that hand hand with the powerful of production there
dmnuton in the amount of labor employed by
the lesser one remnant Of the 1927 depression the major one
present prosperity
increasing unemployment" giving permanent iobless
class" (Secreary of Labor Davis)
basic industries the number workers
relatively absolutely today
tendency develop uninterrupted
by extensions of markets for American capitalism Capitalism
regulate this process certain Prohibition
immigration to America possibilities OF emigration from America to
other younger capitalist semicapst countries put
poary end to the tendency of diminishing the absolute numbers of
the working class.
The that the analysis which takes into consideration
unemployment the absolute decrease the
the working class America leads
unfounded Millions of permanently dsempoyed
productotha the
of the working solution
capitalism capitalist basis It does
development but it bringing the revolutionary
situation The workers thrown the
production they do produce still proetaran elements
will starvation The creeping paralysis"
ganc leads growing
which will permit that capitalism shall
bulk of the working class from the of production
increasing sharpness Of the struggle will
poant erysazng the RESPONSIVENESS
working class.
THE HOOVER ELECTION-A VICTORY CAPITALIST
REACTION.
The 1928 election marks the mpeaist domestic
policies Of the United States reaction
the World markcths the
following the the
Of the of the 1923 elections:
hegemony of finance capital the ranks