The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-12-30
The Crisis Grows Sharper

Germany and Great Britain vitality The num-
Der of r-~rployed in these two imperialist
countries is growing swiftly, and the financial
condition of the countries is growing apace
In Germany, the government has reduced the
unemployment dole, with the result that the
unemployed workers in Berlin and Frankfort
on-Main fought in the streets with the police
In Great Britain, the social-fascist Macdonald
government does not dare to face the workers
even on the treacherous program on which it
was elected.
The "nava reduction" conference scheduled
for London on Jan. 81 is breaking up before
hand The contradictions between the imper-
ialist countries sharpening, there can be
no thought of reduction of armament, and
the French imperialist government is deter
mined that no matter what is decided in Lon
don shall be referred to the League of Nations
Assembly, where the French government,
through its satellite governments, will be able
to thwart any plans of the other robber i'm
perialist overnments. Thus the Economic NAL
adjustments" are resulting in an international
crisis.
What has been the immediate economic re-
suit in the United States? The result is that
100000 workers were discharged during the
month of November, with a reduced payroll of
$68,000,000 The bankers journal admits this
much-but what is the actual truth? This
can only be surmised, but unquestonably it is
much more, for though the bankers are not
inclined to publish too much openly and they
conceal basic facts, there is also to be con-
sidered that the Annalist has access to records
of only certain groups of workers. The per-
iodical states that the figures are biased on
the toughest kind of estimates, they probably
grossly under-state the actual results of the
L.. s-cl -
declnes) is bound to be felt in every depart
ment of trade and to bring about important
readjustments all along the line"
In 1928, the national income was 1914 bill
lion dollars. Of this amount the workers re-
ceved S32, 235 100000 in wages, while the
capitalists pocketed $38, 296 100000. Compared
with 1922, the workers wages increased. ST.
682,00O,000 while the income of the parasitic
capitalists increased $1O,O71 100000! Between
the year 1927 and 1928, the income of the
farmers declined $123,O00,OOO, and went still
lower this year.
The average wage of the worker in 1927
was $1,205, and unquestionably, owing to the
wage campaigns of the employers in 1928,
followed by the crisis in 1929, the wages of
the workers are still lower today. Thus a
worker has to be satisfied in this, the richest
imperast country of the world with less
than 500 month, while the bankers and
manufacturers pocket unearned billions!
Hoover and the National Fascist Council
may well be dismayed by the present situa-
ton. One can un lerstand why Hoover and
the United States Chamber of Commerce, with
out any decision of Congress, set up the "Na-
tonal Fascist Council" The country is in a
crisis; the workers are getting FESTIVE. The
movement for organization and for fight is
growing. The message of the Communist
Party is meeting with deep response. The
treachery of the social-fascist American Fed
Grafton of Labor and its cleft wing" the
Music group. of the social-fascist socialist
party is becoming apparent to larger numbers
of workers. The Communist Party and the
militant industrial unions of the Trade Union
Unity League must be smashed--is the dctum
of the fascists. The crisis is here-and the
fight is on.
What is the outlook? Returning to the
Annalist, we read:
ut scarcely seems likely that there will
be as prompt recovery in 1880 IS there