The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-11-08
By LEON PLATT.

Within the last weeks there took place the
of the stock breaks
history the United
of the present financial crises and its effect the
great Importance Party and to the American
working class.
The fact that this financial bankruptcy place
called era OF capitalist prosperity in itself factor deserving
financial aasophes country foundation
that occurred recently has significant
features which specific ougrowh of the position of
American capitalism.
capitalist considers the recent stock crash the great
est that occurred the United States
emphacay exposed the rotten
foundation of American capitalism and decayng capitalism
generally shows that capitalism proong
by artificial means completely the parasitic nature of CAPT
tas economy which itself undermining the capitalism
THE CAUSES STOCK CRASH.
The press widely by working masses refuses
to make even an attempt to reveal the of the recent financial
Gals and of capitalism atribuing collapse
financial market confusion psychological effects overpualon
of capitalist propaganda is continuously
crash on the stock market is accidental and not reflection of the
queny viii have effect the future industry
employment in this country
the stock market
the reader Of the financial will clearly will later be
the existing economic conditions
lapse of the stock market could have been avoided
us financial of American capitalism forced admit this
The Magazine of Wall Street of November writes edtoria
Could the dsRace which undermining public confidence
trey avodd-is the honest opinion Wall
No will deny that there spuaonin simple
certain economic conditions exist
in the u
omc factors that brought speculation the
Of income and the method of capitalist accumulation
To understand the
consideration the conditions the which
brief the growing disparity between production
and consequently verprductn and existing surplus capital
looking for spheres of investment The shnkag
becoming accumulated through the diminishing buying
of the through the agricultural
output of capitalist ratonalized industries.
The struggle for markets becomes shapened with
competition the world market All the above mentioned
combined continuously narrowing the
capitalism further consolidated it's position
disrbutve industries developed luxury semi-uxuy
increased its
unproductive enterprises.
The parasitic of capitalism making profits by
day cutting and trading the
phenomenon In the period of finance capitalism the capital
only further becomes divorced from production and parasitic meth
DDS involve larger sections of the capitalist class.
American capitalism finds itself position where speculation
the stock market offers tremendous outlet its
plus capital However, the great profits made the market
of stock whose arcia
very long, prior published by
York Tmes) of October IS wrote
pretty plain to deceive
himself have inflatonary
great possible peril and that do nothing by of
remedy except to let nature take its :"
parasism Of capitalism demonstrated by
continuous flow worthless water" completely
ton with the total capital of the corporation issuing such
This situation further undermined capitalism led to the in
evable financial crisis of the Wall
Street. the Journal Of Coerce stated etoriay November Il