The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-07-08

have only served to cover the
launching of the sharpest trade war
the world has seen, with the United
States operating on the world mar
ket with a cheapened dollar, i. e.,
carrying out large scale dumping.
Roosevelt's election campaign slo-
gans of unemployment insurance and
relief by the federal government
have been followed in office by the
refusal of insurance and drastic
cutting down of relief, the institu-
ton of forced labor camps, and so
forth.
Under the slogan of higher wages"
for the workers, he is carrying out
the biggest slashing of the living
standards that the country has ever
seen. Under the slogan of freedom
to join any trade union they may
choose, the workers are being driven
into company unions or into the
discredited A. F. of L., being denied
the right to strike, while the mill
tant unions are being attacked with
the aim to destroy them.
WIIH the cry or rake The govern
w ment out of the hands of Wall
Street." Roosevelt has initiated and
is carrying through great drive
for extending classification and mo-
nopoly, is exterminating independent
producers and small capitalists, and
has established the power of finance
capital more thoroughly in Wash
iva ny IN htcfa Ia
has turned the public treasury into
the pockets of the big capitalists.
Where Hoover gave them three bill
lions in one year, Roosevelt gives
them five billions in three months.
AS for the extra-lega1 development
of fascism, the Ku Klux Khan Is
being revived in the South in pre-
cisely the territory which is the
basis of the power of Roosevelt and
the Democratic Party. It is the
South which for generations has
given the lie to all Democratic pre-
lenses of liberation by it's brutal
| lynching, oppression, disfranchise-
ment and jim Growing the Negro
masses, and upon this basis reduced
| the level of white workers below that
of the rest of the country.
Large sections of workers In the
basic industries of America living in
company towns which are owned
body and soul by the great trusts,
have for long been under conditions
just as brutal and oppressive as
those under Hitler in Germany.
1t is clear that fascism already
finds much of its work done in
America and more of this is being
done by Roosevelt.
But it would be incorrect to speak
of the New Deal as developed fas-
cism. With the further rise of the
revolutionary struggle of the masses,
the bCurgeoisie will turn more and
more TO fascist methods. Whether a
fascist regime will finally be estab-
liShed in America will depend entire
! ~ upon the effectiveness of the rev.
oiutionary mass struggle, whether
the masses will be able to defeat
the attacks upon their rights and
| their standards of living.
The Main Features of the
| New Dear
WHAT are the main outlines of the
w New Deal" when we consider
| it as a whole, all of its various feat
ures embodied in the new legislation
and actions of Washington? They
may De summed up under the fol-
| lowing heads: ca justification,
(b) imitation, (c) direct subsidies to
finance capital. Cd taxation of the
masses (e) tne economy program,
f) the farm program, (g) military
and naval preparations, Chi mill
tarization, direct and indirect, of
labor. Let us briefly analyze each
of these features of the New Deal.
classification: Under the mask of
the radical slogan of controlled
production" the Industrial Recovery
Act has greatly speeded up and CEN
tralized the process of justification
which has long been the dominant
feature of American economy There
is now being carried out cleanup
of all the little fellows. They are
forced to come under the codes for
mulated by the trusts which will
have the force of the law. Their
doom is sealed, and they are busy
making the best terms possible for
voluntary" assimilation before they
are destroyed. Capitalist price fix
ing is given the force of law, and
the profits of the great trusts are
guaranteed by the government. AS
for Controlled production we have
the word of an administration
spokesman that competition is not
eliminated; it is only raised to a
higher plane" The further strength
ening of the monopoly Is intensifying
all OF the chaos, the antagonisms,
the disproportions in American econ
omy. Controlled production Is i'm
possible on the basis of capitalist
private property. There is only the
growth of the power of the big cap
italists and the intensification of all
social and economic contradictions.
Imitation: The continuous cheapen-
ing of the dollar serves the purpose
OF (a) general cutting down of the
living standards Of the masses
through higher prices, and espe-
cially a reduction of workers real
wages (already over 20 per cent?:
(D) restoring solvency to the banks
and financial institutions by increas-
ing the market vlaue of their depre-
clated securities; Co partial expro-
priation of the savings and invest
ments OF the middle classes; Cd Gre
alton of temporary expanding
market to stimulate industrial pro-
auction for the time through the
rush of SPECTATORS and profiteers to
lay up stocks for higher prices, and
(e) launching of tremendous COM