The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-03-10
Limited Capitalism -

Which road out Of the cr1ss7 That is the ques-
ton that rises higher every day in the political
consciousness of the tohing masses throughout the
capitalist world.
That explains why such newspaper as the
New York Evening Post, for example, in recent
editorial comes before the workers with the theory
that terrible curses of capitalism be overcome
by new form Of capitalism limited capitalism"
1T will not be the capitalism we have known
in the past" says the Post. 1T will be consti-
tutionsl capitalism unlike the old absolute
capitalism as the constitutional monarchy Of
England is unlike the absolute monarchy of Abys-
sins."
And as evidence that we are already on the road
out of the old absolute capitalism" to the new
limited capitalism the Post gives the recent State
Court decisions, declaring moratorium on farm
foreclosures BY this decision rugged indvidualism
has suffered death blow declares the Post
proudly.
Under a system of capitalist exploitation of prop
ertyless labor no tinkering no court decisions can
alter the inevitable development Of monopoly capital
with its steady and remorseless tightening grip on
the whole economy and the State power.
Given the commodity system of production"
Marx declared in his Critique of the Gotha Pro-
gram, refuting the utOpian hopes Of the OppOr-
tunsts in the Social Democratic Party "the
system of distribution and all its consequences
must inevitably follow"
The whole Roosevelt New Deal is living proof
of that. The New Dear was palmed off on the
American masses as some kind of anti-capitalist
step forward. Roosevelt let it not be forgotten,
always inveghed against the old deal of the
lassez-fsire order" Today, after twelve months of
this New Deal" the power of the Wall Street
monopolists has been frightened, their profits have
been enormously increased while the lot Of the
masses has been driven down below the Hoover
level.
In the editorial column adjoining the one on
Limited capitalism the Evening Post itself as the
gesture of its liberalism gives the figures of the
twelve months of the New Deal:
An increase of S44O,OOO,OO0 in profits for the
$40 War Street monopofes, compared with def
cit of s4,O0O,O0O last year.
And slash of IL per cent in the real wages
of the working class since the Roosevelt N.R.A.
New Deal began to send prices upward
THE road out Of the crisis and its misery is the
road of revolution. 1t is only by ending capital
ISM by Selling power from the capitalists and plsc-
ing it in the hands Of the working class the
crisis be ended This can be accomplished only by
setting up the dictatorship Of the working class
the capitalists instead of the present dictator
ship Of Wall Street capital over the majority of
the population, the working class. This can only
be done by smashing the Wall Street dictatorship
by the revolutionary force of the proletarat, to-
gether with all the telling sections OF the popula-
one class end the power of the class that oppres-
ses it.
The Post seeks to blind the to the reyO-
utionary road out Of the crisis by its talk Of
Limited capitalism" Let it be remembered that
fascism also talks Of Changing capitalism, also
before the with anti-capitaIst
phraseOlogy about new system" while it ushers
in the OPEN brutal dictatorship Of the most
powerful sections OF monopoly capitalism and
strives to fasten the chains Of wage slavery still
tighter about the necks Of the masses. The Eve
ming Post is thus playing it's part in paving the
way for American fascism, it strives to trick
the away from proletarian revolution with
It's "anti-capitalst" phraseOlogy.
THE sacred capitalist trinity of rent interest and
profit must be destroyed. Only the revolutionary
power Of Soviet America can do it. new form
Of government must be set up the proletaran die
tatorship Of the working class the exploiters
"a Soviet government.
Such a government would Immediately expro-
pirate all the billions upon billions in the hands
Of the capitalists. 1t would open the factories,
put everybody to work start the whole country
humming with activity. For, under Soviet govern
ment all production will be for the use OF the
profit of handful of Wall Street capitalists.
Not the fake of the New Deal" or limited
capitalism" But the revolutionary road to Soviet
power, to the revolutionary overthrow of capitalist
rule That is the way out for the ma ority Of the
population the working class
"The idea of storming capitalism is ripening in
the consciousness of the masses" Stain declared
before the recent Party Congress of the Soviet
Communists. Every day brings new evidence OF it.
The job Of the Post is to sidetrack the historic
locomotive of the revolution. 1t will not succeed.