The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-09-11
Comrade Pepper Analyses Position of Labor
Movement i'm United States

"The main emphasis upon the
tendencies making for the growth
and power of American capitalism D
The document says that it is an
erroneous conception for the Amer
lean Party to lay the main emphasis
upon the tendencies making for the
growth of American capitalism and
dubs the estimation of the American
Party "a dangerously opportunist
conception"
These quotations prove sufficient
ly that there is a deep-going diff
ference between the estimation of
the thesis and the document" of
some American comrades. Comrade
Stain just few days ago in Lenin-
grad cOntrasted the ascending star
of American imperialism to the set
ting star of British Imperialism, and
characterized America as the coun-
try of the gigantic growth of capt.
talism. 1t is unquestionably one of
the thesis and the document" Of
Comrade Bukharin's thesis that the
whole world situation as regards i'm
perialist powers revolves around the
world hegemony of American i'm
perialism. The world hegemony of
American capitalism is today the
axis of all capitalist relations in the
world. An oversight of that amounts
to political blindness. Not to empha-
size that implies a basically differ
ent line.
Important Antagonists.
Those comrades who maintain
that American imperialism is al
ready in it's general decline, are
afraid that if we analyze facts as
they are and estimate realities as
realities, if we state that there are
still possibilities of growth of
American capitalism-then we deny
possibilities of increased outer and
inner conflicts for American i'm
perialism. This conception is grave
ly erroneous. Quite the contrary is
the correct position. The very fact
that American imperialism is grow
ing, that its economic power is in
creasing with such unheard of speed
is the basis of most important an
tagonisms within the capitalist
world. Not the diminishing reserve
powers" but the economic world
hegemony of American imperialism
is the basis of its conflicts
with British imperialism. The dis
proportion between the growing eco
nomic power of American imperial
ism on the one hand and the lack
of colonial possessions, the lack as
compared with the colonial empire
of Great Britain and with the pow
erful British navy or the huge
French Army is the real source of
present-day imperialist conflicts.
The statement that the reserve
powers of American Imperialism are
already diminishing is not borne out
by the facts. How can one say that
the reserves of American capitalism
are already exhausted knowing the
fact that just recently large sec
ton of the American continent, the
so-called solid South is being indus
trialized? America still has huge
agrarian territories which in the
first time in her history are becom-
ing centres of highly centralized
modern industry. The agricultural
crisis is one of the sore spots in
American capitalist economy. The
source of the agricultural crisis is
the growth of industry, trustifica-
ton, the speedy progress of tech
nique. Another sore spot in Ameri-
can capitalism is the crisis in the
coal and textile industries. But
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