The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-01-11
Eo0p Crisis Already Very Dgb Far-Qcg st0

Fl. The Trotskyist group of Cannon is in the
same bankrupt, amorphous state as that OF
Lovestone. The breakup of the Trotsky group
IN the Soviet Union, the International disinte.
grafton among the Trotskyists, who are split
up into several camps bitterly fighting each
other, demonstrate the utter incapacity of the
opportunists of left phrases to create even
united camp of Trotskyites On the question
of the Chinese-Soviet conflict the overwhelm-
ing majority of European Trotskyists politi-
cally returned to the Social Democracy or an.
archo-syndicaism, having taken an anti-com-
munist and even open anti-soviet position, en-
tlrey in the spirit of the Second International
While the money received by Trotsky for his
articles against the Bolshevik Party and the
Soviet Union from Hearst and Lord Beaver
brook enables the Militant to come out week
ly, the political bankruptcy of Cannon and Co.
is clearly revealed IN its columns. In its issue
OF Nov. 30th, the basic ideas of Lovestone are
clearly echoed; while admitting depression in
some of the most important branches United
States capitalism is described as ION road of
production increase such as has not had its
parallel IN history" Lovestone's theory that
the Wall Street crash did not reflect an eco
nomic crisis is faithfully reproduced in the
words: "The ups and downs of stock market
speculations do not directly reflect the condi-
tons of industry" And, finally, the Love-
stone-Hoover theory of the Sound business
position of our country" is clearly expressed
by the Militant in the following 'consolatory"
prophecies: - s<...t.
But the United States is still in a suffi-
GENTLY strong and arrogant CD position in
world economy and politics to endeavor to
overcome its economic difficulties at
home.'
After carefully avoiding the subject of the
economic crisis for whole month. the next
Trotskyite contribution came in it's organ of
Dec. %, in the following profound economic
reflections:
MANY employers denoted more time to
stock gambling than to business before the
crash. Now they are being forced to the
aoaH The long skirt has also caused de-
4horaazdtaon Women are refusing to bug
dresses an the neaO style IN expected ouan-
titles and the entire trade is in confusion"
The utter bankruptcy of American Trotskism
follows closely the international development
of this tendency German Trotskytes, Luzen
Monatte), all of which move toward the same
positions as those of socal-democracy the
Brandlers, Jileks, Lovestones, ct al recent
example of the united front of Trotskyist OBJ
portunlsts with the rlght-wlng opportunists
is the bloc concluded between the "Leninbund".
(Urbahns & Coz and Brandler group in Ham
burg, for the creation of common fraction in
the trade unions, on the. common basis of
Brandlers platform of fight against the Red
international of Labor Unions, especially
against the line of the 4th Congress- of liqui-
dation of the Red trade unions, and entering
them (including the trade unions of Union of
Socialist Soviet Repubcs) into Amsterdam.
that is, on the platform of complete capitula-
ton before the social-fascist trade union bu-
reaucracy. IS es 1g
TX. Economic Crisis and the Party Tasks
%. Our Party is the only organization
which has recognized and told the truth about
the economic crisis to the working class. But
the Party has as yet only begun to realize all
that the crisis means in the necessity for bring
ing our Party tasks to new stage of applica-
ton. The crisis not only reveals the bankruptcy