The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-26

WHAT is THE NEW DEAL?-By
Earl Browder. Workers Library
Publishers, P. o. Box 148 Station
d $50 East 18th St., N. Y. City.
Two Cents.
Reviewed by MILTON HOWARD.
DART of the speech which Earl
Browder made at the recent Ex-
traordinary Party Conference APP
pears now as small two-cent
pamphlet. 1t contains those por-
tons Of PROVIDERS speech which deal
specifically with the economic and
political aspects Of the latest inven-
ton of the capitalist politicians to
mask the plundering of the workers
the so-called New DEAF.
With the sharp weapon of Marx
feminist analysis, Browder cuts into
all the propaganda which the willy
professors Of the Brain Trust" have
been sending out from the White
House, and exposed clearly, for every
worker to see the six essential char
acteristics Of Roosevelt's program.
o ESSenttdl fOl1LS.
These are, Browder shows: trusti-
fication, the conscious and deliberate
tightening OF the grip of monopoly
capitol with the open assistance Of
the Federal Government.
Second, initiation, the financial
manipulation Of the currency in Or
der to put over a sweeping wage cut
on the entire working class under
the guise of restoring prosperity
prices.
Third, direct subsidies to finance
capital through the Reconstruction
Finance Corporation, which already,
in It's boundless generosity to the
fnanciers, has dispensed two billion
dollars to keep UP the payments of
dividends and maintain the cracking
CAPITAL structures Of the banks.
Fourth, immense, inceasing taxa
ton of the poorest strata Of the
people, particularly the workers and
small farmers. Roosevelt not only
took ever the robbery excise taxes
from the hated Hoover government.
but he extended them for another
year to 1854
Fifth, the economy program where
by the government reduces the wages
Of its employees, the compensation of
the war veterans, and abolisheS many
Of the scientific End welfare bureaus
Of the government.
Sixth, the farm program, whereby
Roosevelt grants enormous subsidies
to the rich ferr' 80. fGrci"~~ ~ 1901
farmers into bankruptcy, the program
whereby Roosevelt deliberately g. 8
to drive a wedge between the city
workers and the farmers by raising
the prices Of bread and milk at the
expense of the city workers.
And finally, as ths logical and in
evitable result of all these actions,
the preparation for war, the militaT-
ization Of labor as part Of the ire
mendors wer preparations.
In these actions of the Roosevelt
administration, Browder finds the es-
sentials Of the New Dear'.
Points TO Political Slgnifics
From this point BroTder plunges
into an analysis of tbs political meal
ing Of the New D2aT. And he
shows that the New Deal" repre-
sents, not the rosy path to Socialism,
as treacherously represented by the
leaders of the Socialist Party, but
rather, 9Th, policy Of The bourgeo sic
under the blows Of the crisis, the
sharpening of the class struggle at
hcme, and the inmincncc o. new i'm
perialist wars"
There then follows an unusually
significant and penetrating analysis
of the prospects for fascisrn in Amer
lea. the degree to which the struggles
Of the workers against the c-niSo1'st~'
conditoins, the victory or defeat OF
fascism, and the political and eco
nomic content of fascisin.
The recent predictions of Norman
Thomas about the inevitable rise of
fascism". etc, makes the study of
Browder's analysis Of fascism po-
litical duty. No class conscious
worker can afford to miss reading it.