The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1932-12-22
The Prophets of prosperity"
Are on the Job Again
Triple Bottom Theory Latest Contribution of LIP Ayres
Who Says He's an Economist
By B~Tek

to disguise their poison propa-
ganda under scientific Technology.
We refer to the prophesies of the
past only in order that workers
may come to hold in contempt the
prophets of capitalist recovery. We
publish such facts SO that the
readers of the Daily Worker may
use them as weapons against those
who try to disintegrate and defeat
the mass struggle against hunger
by sowing illusions that prosperity
is around the corner.
HOW TO TURN
THE TIDE
The mechanics Of overcoming
the depression" according to the
current Business Bulletin" of the
Cleveland Trust Company, pre-
l4led by Mr.. Ayres is to attempt
to facilitate and expedite the adj
justnenc necessary Tor resuinp-
ton of normal business at lower
prices" This, says the Cleveland
banker, could be done in two
ways: "a international exchange
of raw materials designed to work
down excess stocks, and by barter
"as We have already exchanged
American wheat for Brazilian cof-
fee. and 90 by the federal gov
eminent saving concerns from
bankruptcy by permitting orderly
reorganization of the capital struc-
lures of corporations unable to
meet their obligations when due"
MIR. AYRES is silent on now such
IVA enormous stocks can be dis
posed of in capitalist markets
whose buying power is steadily
falling because of the terrible pow
erty due to Unemployment and
wage cuts and the constantly de-
creased buying power of the masses
Of the capitalist and colonial and
Semi-colonial countries.
The December bulletin does,
however, state certain facts about
the enormous surplus of mine
staple commodities that constitute
large part of the bulk and value
of international trade, and largely
control international commodity
price levels These commodities
are coffee, cotton, rubber, silk,
sugar. tea, tin and wheat. Con-
tinuing Ayres says:
"The warehouse stocks OF these
staples in the world are now
twice as great as they were just
before the depression began, and
their average prices are one
third of what they were then.
Conditions with respect to our
own stocks Of raw materials are
similar
The END of all other crises came
about largely as result of the
gradual ABSORPTION of the surplus
stocks. In this crisis the stocks
on hand, instead of diminishing,
have increased tremendously. I'm
der capitalism they cannot be alb
sorbed.
Warehouses are full to bursting,
while the masses are starving.
These supplies could be reduced
Immediately by opening up these
warehouses and feeding the starry
ing men, women and children of
this country. But capitalism will
never take that road 1t will never
give up even the smallest part of
its wealth unless it is forced to do
SO by the mass action Of the work
ers, farmers, ex-soldiers and other
oppressed elements of the popula-
ton. In the fight against hunger,
in the increasing struggle to COM
pei capitalism to disgorge some Of
its loot, the class conflict will as
sumo ever sharper forms, be raised
to ever higher stages until the time
comes that the majority of the
working class is determined to no
longer continue in the old way and
delivers the final crushing blow to
capitalist supremacy. The moment
the workers and farmers smash
the state power Of capitalism and
set up their own government there
will be issued DEGREES ordering the
opening of these warehouses and
the feeding of the hungry people.
1t is through that kind of action
only, that this crisis can be solved
in a way that will benefit the
masses who are today facing starry
aIops essDSes 's- 500.