The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-12-25

it, to debate somewhat without
seriously een the industrial situation succeed the face
of the tremendous dpropon between the accumulation of
capital and the rate of industrial expansion.
The accumulation monopole the
industrial corporations banks resulting mounting profits
and profits continues be exported in increasing quantities
the export capital which stimulating the growing aggresvness
and preparation of u Imperialism, while tending
the expansion of and machine producing industries in the
u S, at the time further production
food materials and those generally produce
Thus the capitalist ap-
proah of crisis he philosophical observer with economic history
in mind knows that turn ahead and that the Trevor in the
present public belief in increasing prosperity of the nst
ments of future decline" (Annast November 1929
Virgil Gordon chief
ference Board Next year will
e face with certain new
fundamental unsoved problems adjust
ment New York Times November very optimistic
Harvard Economic Society declared that at improbable
1928 rate of expansion will be maintained weekly Letter November
Leonard P Ayres prominent Cleveland finance eve
to be leaving behind the wonderful golden
enjoyed most of the time since the 1921 during
prosperity has promised to be perpetual the odashoned business
cycles with their recuent boom and deresson have been in ab
anc and the trend of stock has been almost constantly
ward" (Annals, October r. 1929.
While monopos capital continues profits
robbery abroad the condition Of the proetaa and the working
farmer progressively becoming industry
Gigantic mergers transportation
stores) under the domination of finance capital proceeding
tremendous rate Capitalist rationazaon process
organizations OF Big Capital becoming grated
state which has received fresh impetus with
Hoover, spells more suffering for the toiing
The permanent millions supeuous workers."
displaced from industry by naturalization continually by
naturalization drives by depression by
the cities of ruined farmers The employment
Bureau of Labor Statistics agency September
I9a8 stands at 83 per cent? which is lower than September
1927 1885, while the index for monthly employment during
@ nine months of 1928 stood at $685. about the February
1928 $3.50 when five million unemployed
the demand for skilled labor larger August
and November than previous months the unemployment
among the and unsed has undergone little change
Wages OF the bulk of the working class tending downward
small section of the organized skilled workers
1927 with occurring only in isolated instances
At the time the semikIed are
declining The physical condition of the a goes 10 are
of nandr
The present depression leading economic
made inevitable not alone by the temporarily cyca crisis
the sharp delayed by the growth Of new indus
tries nduaization of the SOUTH credit initiation buying
etc. but also changes which are taking place
in American capitalism.
These structural changes by maturing con-
actons of u s. capitalism such dsproporton pro-
ducton and consumption the dpropon between
panon of productive growth volume of
poauctn unevenness industrial develop
ent as between industries
M the OF naturalization and capital export polar
OIL wealth. and poverty ETC. The factors which have
ruted postpone the sharp outbreak
sderaby woren the consequence of the crisis when
American capitalism about the apex growth
means that further expansion in the period of world capital
ism leads the ruling class of the s. to further and drastic
attacks the standards of life the
attempt armed redon the spheres
peras domination In other words naturalization
THE STRUGGLE AGAINST THE WAR DANGER.
2 The Present Political Situation in States
American imperialism for chiefly against
England to colonies atin
larger spheres of imperaist other mperaist
powers mainly England stand the sharpening
ct between the ruling classes of America and England which
the central world mperast Hence the Anglo
French Agreement and the revival of
couned by the large naval construction program the u
dges war challenge and Keoggs
dges Congress, mperast South
America etc. The conflict between
engineered by u S. and British
high tension of rivalry between impeast powers
logical political and military
business for the capitalist ruling
The election of Hoover the
the preparations of American Imperialism.
Hostility the Soviet Union continues
of u imperaist policy Imperialism
efforts of world imperialism undermine prepare military
attack the Soviet Union despite developing
economic relations with the
the serious mistake of minimizing the danger Imperialism
participating in attacks the Soviet Union (Nearng)
u S. imperialism further penetrating Under
cloak Of favoring the unicaion of China u
ally laying the basis for further military par
ton of China Together with the American
imperialism is waging upon the Chinese revolution.
crushing and ubugatng Latin America Nicaragua giving key
periam nensifs the attack upon the Party new
industrial unions and militant working organizations generally
CAPITALIST NATURALIZATION AND IMPERIALIsT WAR
Naturalization and impeaist organcay
parts of the policy capitalism
it's sharpening
the struggle
political aignments.
of minority "The Right
y1aeha