The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-03-28
PerspeCtiVes of the Situation

COuecueu from Ine provinces Oh
Kiangsu and Chekiang.
The monthly expenditure of the
Marking government is million
dollars. This large deficit has been
met by loans ever since the in
auguration of the government. I'm
til now the Shanghai Chinese bank
ers have lent the Marking govern
ment the total sum of 126 million
dollars at an average interest of 9.5
per cent.
So, it would be not an exaggera-
ton to say that the Marking gov
eminent is mortgaged to the Shang-
hal Chinese bankers behind whom
stands international imperialist fl
nance. The new customs tariff in
PRODUCED from February LIST, will
produce two and a half millions a
month, hardly fifty per cent of
which sum will enter the national
exchequer, as the part collected at
Canton and ports similarly situated
will be absorbed by the local author
tiles So there is not a bright spot
on the horizon.
Bourgeois FiascO.
The attempt to create a modern
bourgeois state in China has ended
in fiasco. The Chinese nationalist
bourgeoisie are utterly unable to
tackle the problem. There is only
one way for them-to sell them
selves and the country to imperialist
finance. Unlimited supply of CAPT
tai, with The help of which the baf-
fling problems of disarmament and
financial reorganization can possibly
be tackled with greater chance of
success, must come from abroad.
There is only one imperialist coun-
try which is in a position to supply
unlimited capital. That is the United
States of America. But Uncle Sam
would not give a cent unless he
quarters his exacting baliffs on the
debtor country. So there appear in
China a whole host of American
"advisers." Judging from the num-
Der of these, they are veritable
army of occupation.
The new orientation of imperialist
policy in China thus works all in
favor of the United States, if it
works at all. Others are left in the
cold. But Britain, Japan, France,
with their special interests" in
China could not be expected to be
done out of the profitable job with
out making a counter-move. They
are making it. The renewal of the
Anglo-Japanese agreement, which
was burst by America in 1921, was
a part of this move, which is TAX
ing the form of support and en-
couragement to movements disput-
ing the supremacy of Marking.
So, the irreconcilable rivalry
among imperialist powers is bound
to give impetus to the forces of dis
ruption in China, thus operating
against their own desire to see a
counter-revolutionary bourgeois gov
eminent established in that country
Neither the nationalist bourgeoisie
ror foreign imperialism can solve
the Chinese problems i'll a way fav-
orable to capitalism.
Socialist Revolution.
The accomplishment of the ma
tional bourgeois democratic revolu-
ton is the basic condition for the
solution of all the complicated econ
omic and political problems Of
China. Feudalism has to be COM
pletely destroyed before militarism
which is one of its ugly by-products
can be liquidated. In consequence OF
the failure of the bourge elsie to dc
it, the historic task devolves upor
the proletariat. And thc bourgeois
democratic revolution carried to its
conclusion by the proletariat, in this
period of capitalist decay, trans,
forms itself directly into. socialist
revolution. The debacle of the
Marking government and the new
period of civil war, that is sure tt
be the result of this debacle, will
present the working class with the
opportunity to go over again to the
offensive. Reviewing the situation
the correspondent Of the Londor
Times wrote from Marking already
at the beginning of the new year:
4 at Outbreak of new hostilities)
would give the Communists the OPP
, portunity to establish leadership
which would be difficult TO destroy.