The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-07-23
Liberal Viewpoint
-BY DR. HARRY ELMER BARNES :

Editors Note-Ths is the last of four
articles by Harry Elmer Barnes, Phi. D. on
| the causes course and immediate results Of
the uprising in Germany.
TWO interesting questions naturally viii oc-
I 4 cur to close observers of events in Germany.
one is: What would have happened if Hitler
had failed TO suppress the revolt OF June 81?
The other is: What is the rational way out for
/ Germany?
The first question can be answered in rather
summary fashion-at least in so far as essentials
/ are concerned.
If Hitler had not succeeded in putting down
the rebellion, a bloody civil war most certainly
would have resulted. Those involved in the re-
volt-representing the extreme conservative and
the extreme radical wings of the original Nazl
uovement-could not nave for long harmonized
or reconciled their aims.
fight to the finish between them would
have been inevitable, with many other German
factions undoubtedly joining in the free-for-all
1t might indeed. have come to a showdown be-
tween reactionary elements on the one hand
and the radical groups on the other
ANY fundamental analysis of Germany's fu-
ture must reckon with the fact whether We like
it or not that capitalism is in its terminal stage
in Germany even more decisiyely than in the
United States.
THE older and relatively productive industrial
i capitalism in Germany has been subordi
mated to and Quilted by finance capitalism just as
it has in our country. There is little prospect OF
a return to the dominion of industrial capital
ism. Indeed, the latter probably is considered
too much weakened by financial robbery to sur
vive for any considerable period OF time.
Yet, some considerable reconstruction of Ger
man capitalism under conservative auspices is
certainly not out of the picture, whether the
he
monarchy.
Captalistic rehabilitation under conserva-
tism probably Will be directed by Hjalmer
Schacht of the Reichsbank, and Kurt Schmitt,
the present minister of economics. Their pro-
gram can be predicted pretty clearly.
They are likely to demand debt readjuStment
and refunding; better foreign relations in order
to remove boycotts and foreign determinations
against the importation of German goods; the
adoption Of a sane attitude towards the
Jews and disarmament in order to promote
better feeling abroad; and the further develop
ment of the home market through a continual
tion of the elaborate expenditures for public
works.
TINE outlook for any such capitaliStic pro-
i gram in Germany, however, efficiently exc
cuted, is not very bright. Excessive German Dor
rowing since the World war has jeopardized
German credit and threatened bankruptcy.
Further LAVISH expenditures Tor puDLc WORKS III
order to stimulate purchasing power at home is
likely to mean financial disaster.
Germany's possibilities in the foreign market
are limited strictly as a result of the competi-
ton of other countries and the exhaustion of the
old imperialistic opportunities for the export of
capital and goods. Hence the admitted efficiency
of the naturalization of German industry under
capitalism can achieve no permanent and lasting
benefits
Whatever our personal prejudice, if we are
honest and informed we probably must admit
that the only ultimate solution Of Germanys
economic problem is to be found in the realiza-
ton of mass consuming power under the state
ownership of industry and the state control and
distribution of the social income. The profit
system hardly can turn the trick