The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
Marxist Theory Of Crises
Outlasts All Attacks of
RevisiiOrists
ReUISIOnIStS

merely changed its clothing, but
changed itself as well-capitalism is
no longer capitalisn-it has changed
its basic nature. But the very depth
of the present economic crisis has
smashed to smithereens these theo-
ries and has proved once again the
infallibility of the teachings of Marx
and Lenin.
Another spokesman of the Second
International, Tarnoff, in speaking
about British capitalism as typical Of
the first epoch of capitalist develop
ment, and American capitalism as
typical Of the second epoch, Stated
For the first epoch, Marx and
LaSalle were typical. They main
tanned that wages are determined
by certain economic laws, that they
depended on the eost OF Iab3r power.
For the second epoch, Ford is type
icaI. He proved that capitalism can
prosper while the workers need not
at the same, time remain poer."
The strike movement in Detroit,
the growing collapse of the auto in
dustry and the banking system in
Michigan and thruout the country,
shows that the Marxist teachings are
applicable to the present period Of
giant development of trusts and COM
bines. Ford, symbol of this trustifi-
cation, pictured by the Second Inter-
national as the new SAVIOR Of the
working class, stands out as one of
the symbols of the decay and>decline
of capitalism.
S.P. On Same Road
The American Socialist Party SINH
'arly developed the theories that the
expansion of capitalism brings a
steady Improvement in the conditions
Of the workers. They completely
denied and rejected the law Of the
increasing pauperization Of the masses
under capitalism
"The aecumuIa ton of wealth at
one pole is at the same time &C
companied with accumulation of
misery, cruel labor, slavery, ignOr-
ance, EQUALIZATION and moral de-
graduation at the opposite pole"
Today, when the Socialist Party is
trying to change its song, in its efforts
to maintain influence among the toll
ing population, and prevent it from
combating the bourgeois offensive in
further driving lower the low stand
ards of living, this reformist concep-
ton of the S. P. is seen in a recent
article in the New Leader of May 81,
1882:
"When the National Convention
of the Socialist Party met in New
York City four years ago, the cap
italist system had all the appear
ances of health"
1t was at this same convention, that
the Socialist Party removed from its
platform the plank on the class
struggle.
When the United States was al
ready in the throes of the present
economic crisis, Lovestene, renegade
from Communism, who had developed
the reformist theory of American ex-
ceptionalisn-i. e., that America Is
exempt from the rapidly developing
world crisis, stated in the Revolution
airy Age, of November Is, 1929:
"The panic in Wall Street did not
come as result of the decline of
American capitaEst economy. 1t
came as a result Of the very strength
of American capitalist economy
magnifying and sharpening the cons
trad.ctions of world capitalism"
Thus, t the Lovestones, the H1l=
quits, Thomases and others, the fun
damental structure Of American caps
litalism does not manifest SIGNS of de-
cay and decline, on the other hand
remains basically healthy.
Trotskyites Defend Capitalism
The American counter-reVolution-
airy Trotskyites who had been spout
ing cleft" phrases, did not see in the
crash in the stock market OF October
1929, which already reflected the
downward tendency of capitalist pro-
duction, the rapidly developing ecos
nonlic crisis, and stated in an article
by Max Schachtinan In the Deem
Der IA, 1929 issue of the Militant:
"This does not yet point to .
crisis, but indicates growing de-
preston"
At the same time, while the reforms
list theories of a gradual Improvement
in the conditions of the working class
were developing, when they saw only
the strength OF capitalism, When they
saw in the development OF cartels,
trusts and international agreements
organized capitalism that will do
away with crises and competition, the
Communist international pointed out
that precisely this development OF
capitalism has accumulated the i1her-
ent ntradictions of capitalism, leads
tn ever. sharper and more deVaStat=