The Daily Worker Newspaper, January 30, 1926, Page 7

Second Section: SATURDAY, JANUARY 30, 1926 Buyin o> THE DAILY WOR KER This Magazine Section Appears Every Saturday in The DAILY WORKER. Se 290 “Fetch, Fido, Fetch!” American bankers throw their investments into Europe. The bankers’ little dog plunges in to fetch them back—with profits. The United States enters the world court of the league of nations. The Dynamite in ” the World Court HE United States has officially entered the world court of the|an attempt to create such an international “order” thru econounte league of nations. ‘ That the combat in the senate ended in the overwhelming vote of 76 to 17, shows that American big capitalism has réached a prac- tical unanimity in favor of this historical step. Finance monoply is almost automatically reflected in a monopoly of votes in the United States senate. The 14 republican, one so-called “farmer-la- bor,” and two democratic senators who voted against the world court represent a ridiculously small fringe of. the capitalist economy which remains outside the orbit of financial monopoly. The petty bourgeoisie is only very slightly represented in the senate—the working class and farmers not at all. The proportion of senators in favor of the world court somewhat corresponds to the proportion in which American finace capital has reached the monopoly stage. HAT isthe significance of the joinfng of the world court by the big American capitalist imperialism? That the United States now oceupies the position of financial and economic hegemony over Europe is admitted by all. Wall Street finance capital has reached the position where it is obliged to attempt to revive the capitalist world market and the interna. tional credit system, on the basis of the enslavement of continental turope, The tremendous advantage gained by American capital in the world war, which also resulted in a great increase in Americau productive capacity, requiring a vigorous attempt to dominate the world market, brot the United States to the necessity of attempting to shape an international capitalist “order.” The Dawes plan was 1 arrangements. With the final submission of Germany and France to the D-wes plan, American finance capital completed the structure of the inter- national “order”; but it was necessary to translate the terms of this “order” into political form. The treaty of Locarno was a polit- ical ratification of the American Wall street domination in the form of an Anglo-American arrangement. But still the United States government remained behind the scenes. The Locarno treaty was not signed by the United States. The world arrangement was still politically incomplete. The entrance of the United States into the world court now “legalizes” to a certain extent the international arrangement which had already been entered into by the financial oligarchy. Anglo-’ American finance was already the central figure in the international arrafigement which is expressed under the many elusive terms of which “world court” is one. In this affair the bankers headed by J. P. Morgan and company spoke with more authority for the United States than the United States senate could ever speak. The banks put the United States into the thing which is called the world court, long ago. The action of the United States senate this week is formal’ legalization. It had become necessary for the senate to give legal sanction. Wall Street finance capital controls the politics of the American capitalist government, but it is not independent of such politics. (Continued on next page—page 2)