BEHIND WAGE CUT. Ireland and the World outlook

World Capitalism ison the threshold . Then began the extraction of the of capitalism and of the ‘World’ taxation, indirect taxation, V.A.T. of an economic crisis unprecedented in native raw materials, rubber, cotton, | slump, as was the World War of “Social Cantracts”’ and the like. depth and scope in its history which coffee and the like and their 1939—'45. In order to make this bitter pill more is replete with slumps and cricis. shipment to the imperialist economies The Irish economy is closely palatible, to convince the people of The capitalist economy, from about (e.g. England and America) where integrated into the world capitalist the necessity of accepting the burden the middle of the 19th century they were processed by the capitalist | economy and its fate is absolutely it is given out that “rises in wages will developed in fits and starts. Periods of | enterprises. The native population bound up with the fate of the latter. make ‘our’ goods non-competitive in prosperity, of the rapid development became consumers of the The post-war economy went from export markets’, that ‘‘profits must of industry and commerce had, as commodities manufactured in the strength to strength when capitalism be increased in order to increase their inevitable sequel, periods of capitalist countries. recovered from its crises, and apart investment and, by raising productivity stagnation of trade and industry, and This process was not accomplished from a number of minor recessions reduce prices and make ‘us’ more a consequent rise in unemployment without hundreds of colonial wars, there was uninterrupted economic competitive’. The Central Bank and bankruptsies. This cycle of boom __ or without the destruction of the growth. The supports of capitalism’ issues such statements from time to and slump tended to repeat itself native economies or massacre and rejoiced at the apparent success of time and they are immediately seized every decade. slaughter of native populations so state intervention in economic life. upon and given maximum publicity During the 19th Century these that Western imperialism came into | Slumps were declared to be a thing in the newspapers and television. economic convulsions affected the the world, in Marx’s phrase ‘covered of the past and Marxist economic The entire affairs is carefully economics of one or several capitalistic. from head to toe in blood and dirt”. criticism consigned to the museum of —_¢o-ordinated and orchestrated and ally developed countries; only they This expropriation of the antiquities. The present growing provides a useful bolt-hole for the were national in character. But with non-white races was accompanied by _Cricis has taken these people by the trade union leadership to prostrate the creation of the world market, trade wars between the European throat and wiped the sunny grims themselves before the Federate d with the intensification of trade countires and colonies changed hands _ Off their faces! Union of Employers and. capitalist between countries and the emergence =-many times. Despite these millions It is characteristic of bourgeois politicians and double cross the of international combines, the of extra consumers for the products _ Politicians and journalists that they rank and file trade unionist. economic disasters simultaneously of Western industry, economic crisis | Should try to conceal the fact that it Our answer to the F.U.E. and to affected an even greater number of became more severe and their effects _'s private enterprise capitalism that their hired prize fighters in the Dail countries. Crisis became international | became more widespread. This period has produced the crises. High-sounding js; “It is your economy, your and began to embrace the whole culiminated in the “Wall St. Crash” —_ references to difficulties in the problems, accumulated under your capitalist world. of 1929. This slump of unprecedented “international economy’’, “fiscal management. Your system under These crisis were crisis of over- magnitude threw tens of millions problems’; “balance of payment your management has produced the production, the capaicty of the out of work in Europe and the U.S.A. problems” or ‘‘factors outside of our —_— crises. Shoulder the burden yourself” industries of the handful of (12 million in the USA), brought control’ should fvol no one. All of “Here it is not a question of developed capitalist countries to economic ruin to millions of farmers ““our’’ woes are blamed on the fuel workers making endless sacrifices in produce had outpaced the capacities | and small manufacturers and, what is Crises as though the economics of the —_ order to make YOUR business of their own internal markets to not generally know, had even more Arab states were not capitalist and competitive and allowing YOU to absorb that production. A way out disastrous effects in the colonies than 4 Component part of the world pile up profits at our expense. If of this impasse was discovered by in the developed capitalist countries. capitalist economy. your businesses and your economy, being characterised more by a The slump lasted throughout the All such talk is in essence a under your stewardship, can only ruthless resourcefullness than by 1930's and, in the capitalist world confidence trick to pull the wool over function at our expense then it is social-scruples. All those countries, (the economy of the U.S.S.R. was peoples eyes and to obscure the fact time to make an end of it!”’ whole continents no less than the unaffected then, as now, by the that capitalism by its nature produces The welfare of the Irish working smallest islands, where capitalism economic crisis of world capitalism) crisis and will do so as long as it class can only be guaranteed after had not yet taken root, were forcibly ushered in a period of political crisis exists. Such statements are also the they have expropriated the taken over and made part of the and nourished the growth and prelude to attempts to make the =—_—_ capitalists and established workers various western Empires. Thus arose consolidation of Fascism ina number Working class and the petty bourgeoisie control of industry. This will be the phenomena of capitalist of European countires. shoulder the burden by accepting Socialism. imperialism. Fascism was the legitimate offspring CUts in living standards via the co ee Ee ee politics of wage restraints, higher

For almost four weeks now a series of protests have been mounted to draw “Long Kesh Fou Stinks’. The