The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1928-12-11

AHS haA udHBer III Cne Amefl-
can Party comes from the Right.
This is due to the changing objective
conditions of the class struggle in
the United States and the o2por-
tunist political line of the Lovestone
group, which is the majority of the
Central Committee.
The maturing inner contradictions
of American capitalism and the left
ward drift of the masses produce a
turning point in the class struggle.
From long period of retreat be-
fore the onslaught of capital the
American workers are passing over
into a period of defense and resist
ance preliminary to higher phase
Of offensive and aggressive struggle
against capitalist exploitation.
IN this period of increasing sharp
aess Of class relations and class
struggle in the United States, re-
curing a reorientation of the
Party's perspectives to changing
conditions and accumulation of
Party policy toward more agrees
siveness, initiative and militancy,
we confront the danger of holding
on to old perspectives, outworn
policies and methods of work, which
prevent the full unfolding of the
Party's leadership in the developing
struggles.
AS analysed and proven by Com
rade Stain, in his two speeches in
the ECCI in January, 1925, on "The
Fight Against the Right and Ultra
Left Deviations," the danger in such
a period as we are entering in the
United States comes from the Right.
This danger becomes real and actual
because the Lovestone group, which
constitutes the majority in the Gen.
trail Committee, refuses to reorien-
tate itself to the changing conditions
of struggle and pursues an oppor-
tunist line, as will be proven in the
following points:
/. Overestimation of the Reserve
Power of American Imperialism.
Two basic factors determine the
condition of American capitalism in
the present period. % The matur
ing inner contradictions of Ameri-
can capitalism (disproportion be-
tween the rate of expansion of pro-
ductive capacity and rate of growth
of volume of production, dispropor-
ton between the growth of produc-
ton and consumption, unemploy-
ment, the contradictions of rational
ization, capital export, polarization
of wealth and poverty. etc., are be-
ginning to produce QUALITATIVE
CHANGES in the whole economic
system. (2) These inner contradic-
tons are maturing in the surround
ings Of a declining world capitalism
and the Socialist growth of the U.
S. S. R., which sharpen, intensity
and accelerate the development of
the contradictions of American capt.
talism, fastening the coming of its
downfall.
An analysis of the degree of ripe
ness of these contradictions will
show that American capitalism is
about to reach the apex of growth
and that further expansion leads
American capitalism to further and
more drastic attacks upon the stan
dards of life of the American masses
and to an attempt to an armed re-
division of the world market and
spheres of imperialist domination.
both of which only further intensity
these contradictions leading to the
downfall of American imperialism.
In the light of the above, the pres
ent economic depression must in
evitably become the forerunner of a
deep-going crisis, even though Amer
lean CAPITALISM may succeed in post
poning it's coming with the help of
the reserve powers which it still en-
joys. This depression cannot be
viewed merely as a normal cycli-
cal depression having only slight
and passing effects. On the con-
trary. because of the qualitative
changes which are taking place in
American capitalist economy, every
such cyclical depression intensifies
to the highest degree the contra
dictions of capitalism, undermine
deeper the entire structure, eventu-
ally leading to deep going crises.