The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-08-11
SHARP DOWNTURN
IN WORLD CRISIS
OF CAPITALISM
Millions More Jobless
Throughout World

- - ~
1t is clear to every worker that
the world crisis of capitalism be-
comes severer every day. From all
sides and from all countries reports
flock in of growing unemployment.
Even France, which for some time
remained unaffected by the world
crisis, is now entering into the full
swing of the world crisis. A few
quotations from the Journal of
Commerce Aug. 81 will make this
evident:
France is beginning to feel the
pinch of the worldwide loss of .
purchasing power. The adj
vantage that the French indus
trialist has long enjoyed over for
eign competitors by virtue of an
internal price and wage level be-
low that of the rest of the world,
on a gold basis, is fast disappear
ing. France cannot continue
to escape forever the effects of
worldwide depression that has re-
duced the demand for her prod
ucts as well as those of other ma
TONS"
In France, as the crisis worsens,
the workers sharpen their struggles
against reduction of living stand
ards. A whole series of strikes cul-
inmate in the huge offensive of $780,
900 workers in the North of France
demanding higher wages.
Fascism in Crisis.
In Italy, the iron-clad censorship
cannot hide the upward swing in UNI
employment and the downward
swing of the economic crisis. Off
cial figures now set the unemployed
at 100000. The highest official fig
ure ever recorded in Italy was in
1921 when it was given as 100000.
Mussolini's figure of 100000 is I'M
true. BY fascist terrorist methods
many jobless workers are not per-
mitted to register. Thousands of
others are driven to the country to
starve. The real figure is closer
to 100000.
The New York Times Italian cor
respondent, Arnaldo Cortesi, who is
really a fascist agent, is forced to
admit (Aug. g that:
"The depression in industry is
therefore rather greater than is
indicated by the unemployment
figures, since the number of
workers actually displaced by the
industrial depression probably ex-
ceeds the 100000 listed"
In Germany the official figures
of the voorhees, has jumped to O.
$4,000. Unofficially, but actually,
they are about 100000. Not a
day passes that thousands are not
laid off. Frederick Oechsner, Berlin
correspondent for the N. Y. Sun
Aug. 81 writes:
Thousands have already re-
ceived notice to quit in the steel
and electrical industries and other
factories are contemplating sins
liar reductions in their staff"
The streets of all big industrial
centers of capitalism are literally
being flooded with unemployed. In
England the number officially is
well over 100000.
A dispatch from Melbourne, Aus
tralia, to the New York Times
(Aug. 81 gives narrowing picture
of growing neutrality-suspicious.
along by the Australian Labor"
Party, which is in power. Says the
cable from Australia:
"Australia's domestic affairs
are rapidly approaching a crisis.
Unemployment has reached the
unexampled total of 10000,
roughly one-tenth of the total
number employed last year. .
"While the unemployment fig
ures are attributed partly to the
winter and partly to the repercus-
sion from the New South Wales
coal strike, the causes dwindle in
Importance when compared with
the economic and financial factors
upon which future calculations
are based"
The tramp of the jobless millions
echoes throughout the world. In
Hungary there are 100000 unem-
ployed, admits TIE London Daily
Herald; in Austria, 100000; Japan,
100000. In Latin America there is
severe unemployment in every
single country, and in Cuba it has
reached frightful proportions.