The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-08-16

Oulteu OldJSS dllu ILLS year > SU-
cialist candidate for mayor of New
York City solemnly added his praise.
Said Thomas in his weekly contri-
button to The New Leader:
6. the new statement certainly
represents progress toward sanity
and toward peace. That it was
reached at all is unquestionably
proof rot only of the skill of the
negotiators, especially Mr.. Owen
d. Young, but also the power of
international high finance which is
far more realistic than national
hysteria."
Time and again I have had oc-
casion to speak of the filthy sermon
izing of the Rev. Mr.. Thomas, but
he even surpasses his previous
grovelling exhibitions in his lap-dog
attitude toward Owen D. Young and
the class of big imperialists for
whom Young speaks.
His fawning before international
high finance, his praise of the peace
full intent and realism of imperialism
convicts him of aiding the war
preparations of the loan-mongers by
trying to deceive the working
masses and lull them into indiffer-
ence.
What is there about the Young
Plan that evokes the unrestrained
praise of the Hillquits and Thomases
in America, as we'll as the social
democrats of Germany, and arouses
the ire of their British comrades,
Macdonald, Henderson and Snow
den? Are they not all good stand
ing members of the second interna-
tional?
AN analysis of the Young Plan will
IA throw an Illuminating light upor
the actions of the luminaries of in.
tenational social democracy anc
will prove that it is only interna.
tional inasmuch as the interests Of
their national capitalist classes are
international, and when the interests
of the imperialists demand a policy
of nationalism, the social democrats
are nationalists. In other words We
shall prove conclusively that the
policies of the imperialists of the
countries in which they operate are
the policies of the social democrats
THE conflict at the Hague over the
l Young Plan is symptomatic Of
the profound irreconcilable antagon
isms, based upon a tremendous
sharpening of all the inherent con
tradictions in the capitalist system
of wealth production.
In every part Of the capitalist
world Britain and the United States
the two most powerful imperialist
nations, are struggling for supre-
macy. There is deliberate, con
scious effort on the part of the i'm
perialists of the two conflicting
powers to align the other nations Of
the world on one ? lie or the other
In relation to Germany this strug.
gle is proving particularly disastrous
for Britain. The nation defeated ir
the world war succeeded, in a very
short time, in reaching a very high
level of development, with the aid o.
American capital.
The tremendous industrial loans
from the United States following
the acceptance in 1924 Of the Dawes
plan helped German economy tc
realize its great gains. Compelled
to pay PREPARATIONS and interest Ger.
many cannot find markets for hel
produce. But, in spite of her diff.
culties, repeated American credits
enabled her not only to survive, but
to increase her competitive power
on the world market. This directly
affects British industry and shar-
pens the fundamental contradiction
Of this period-the disproportion be-
tween productive capacity and the
capacity of the world market