The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-02-24
The international Day of Struggle
Against Unemployment

To Lovestone the periphery of capitalist ex-
ploitation and the source of super profits of
American Imperialism remain the same and
untouched
Any one who has the slightest understand
ing of the 9Th World Congress analysis of
capitalist world economy, knows that the fac
tors which year ago brought prosperity, were
the same factors which brought the present
crisis which Lovestone year ago refused to
recognize. 1t is true these factors remain, but
they now play the role of still further ag-
gravating and sharpening the economic crisis
The main feature of these existing factors
therefore is not renewed prosperity but
widened and deepened crisis. However if one
is to ask the question what, according to Love-
stone, is the perspective of the present crisis,
he would have to come to the conclusion: that
since the factors which brought prosperity
year ago still exist today, therefore no one
can speak of an economic crisis but of pros
perity that will be continued as a result of the
existence of these factors Here we shall
examine if the major factors that brought
prosperity year ago still exist today.
Is not the competition with the American
products on the world markets becoming
fiercer and sharper? Did not the agricultural
crisis in the United States and internationally
grow larger in scope than a year ago? Did
not the potential value of products of Amer
lean farmers decrease by $1,225,000,000 in the
last year? Are not the contradictions be-
tween the imperialist powers today much
greater than year ago? Is not the ress-
lance of the American working class and its
readiness to struggle today greater than
year ago? Is not the success of socialist con-
structon in the Soviet Union today under
mining world capitalism, including the U. S.
more sharply than a year ago? However,
these very fundamental factors in capitalist
economic and political life and in the working
class had certain definite relations to the mag
nitude of capitalist prosperity, and the col
lapse of American prosperity was undeniably
due to the radical change of these factors
existing in capitalist economy.
Not to see the change in the factors that
brought prosperity" year ago, not to see
that these factors do not remain the same, is
to shut ones eyes to the sharpest expression
of the third period of post war development of
capitalism. 1t is rejection not only of the
idea of the present undermined capitalist sta
bilization but it is belief that capitalism will
never be undermined. This is the only poll
teal conclusion one can draw from the present
line of Lovestone. Even the bourgeois econ
omsts are more fundamental in their analysis
concerning the present economic crisis. Even
the bourgeois economists frankly recognize
that all the factors which have produced pros
perity year ago have not remained the same.
The furthest Lovestone could go after the
Victorian Age theory was shattered to
pieces, to accept Hoovers and the Cham
Der of Commerce propaganda: America, moth
ing can stop you. Business is good, keep
good" and declare that all we have in the
United States today is "a severe economic
depression"
From the above the American working class
must learn that the only ones who understand
the present position of American and world
capitalism, the only ones capable and deter
mined to lead the struggles of the unemployed
based on unity of action of the employed and
unemployed workers, are the Communist
Party and the revolutionary trade unions All
the lip service of Lovestone, the socialist party
and the A. F. of L. are only means to mislead
the workers, to prevent the workers from
militant struggle against unemployment
against the system of society that breeds I'M
employment capitalism.
(The End)