Amerikai Magyar Szó, 1982. július-december (36. évfolyam, 26-49. szám)

1982-12-23 / 48. szám

Thursday, Dec. 23. 1982. 11 AMERIKAI MAGYAR SZO Joseph Budish: ON THE MONETARY CRISIS Fenntartó Gárda Jehn Ferenc által: Munkás Otthon és Női Kor $100.-, Jánossy Helen férje, Jánossy István emlékére $40.-, Bálint Julia nü. $5.-, Bischof József és Gizi nü. $ 10.-, Langerék nü. $5.-, karácsonyi és újévi üdvözletek: Bálint Julia $10.-, Bischof József és Gizi $10.-, Langerék $ 5.-, Mun­kás Otthon és Női Kör $25.-, Szabó Margit $5.-, Varga János és Erzsébet $ 5.-, Bartha Sámuel és Anna $5.-, Jéhn Ferenc és Flora $10.-, Weinstock Lajos és Rózsi $5.-, Mi- sánszky Erzsébet $ 5.-, Komjádi Géza és Teréz $5.-, Blahm Lajos $2.-, Esther Gold­berg in memory of Regina Weiss $10.-, Nick Szabó $14.-, Gross Paula $16.-, naptá­rok $8.-,' Sweet Pal és Szerén $7.-, Cserno- vitz Ida $50.-, Kalotzy Magda naptár, nap- tárú'dv. és angol könyv $35.-, Róth Ernő által: Miami Kultur Klub $50.-, Szűcs Gizi és József naptár és nű. $10.-, Zoltán Peggy üdvözlet $5.-, Kiss Péter naptár $4.-, Flecker Annus és Pista $10.-, Róth Lilly által bazár $169.25, Dr. T. Széli naptár $4.-, Gaál Ilonka a 80. jubileumra $20.-, Barna Joseph a 80. jubileumra $200.-, Gartner Rózsi $20.-, Dattler Lajos és Bözsi $15.-, Marko- vics Feri és Ilus naptár $10.-, egy jóbarát $20.-, Fodor Nagy Árpád $10.-, John J. Horváth $20.-, Bodó Stephen $4.-, naptárok $4.-, Szalai Julia (Chatham,Ont.) $ 10.-naptár $5.-, Sislay József és Margó $10.-, Lutherén Juliska emlékére $10.-. GELLERT HUGO BALESETE Lapbizottságunk szeretett elnöke, Gellért Hugó, a kiváló művész, az elmúlt hét folya­mán balesetből kifolyólag kórházba került. Elesett a háza előtti lépcsőn és bordacsont- tó'rést szenvedett. A lakhelyéhez közeli Freehold, N.J. Area General Hospitalban van, a 310.szobában.Telefon: 1-201 - 780-6000. Orvosai szerint szeretett Hugó barátunk 7-10 napon belül elhagyhatja a kórházat. Nowyarki Magyar heates TIBOR’S MEAT SPECIALTIES (FORMERLY MERTL PORK STORE) _ „ 150t {«cud Ave., NEW YORK, N.Y. 10021 a 78. és 79. utcák között Tel: RN -4-S292 FUSS NUS, HURKA ÉS FELVÁGOTTAK Karácsony hetében minden vevő, aki $ 20.-, vagy azon felül vásárol, ajándék csomagot kap. KELLEMES KARÁCSONYI ÜNNEPEKET BOLDOG UJ ÉVET Idván Tibor és Gárdája COMMENT ON THE WAR SITUATION Any concrete factual study of the mecha­nisms of corporate finance, the banking system and the FRB as its service agency, governmentfinancing and finally the internati­onal financial operations of monopoly must make it clear there is no planning (beyond trying to cope with adverse conditions after they develop) or conscious direction of any kind relating to the fluctuations in the economy of monopoly capital, and no source I have seen has ever come close to establishing the existence of such plan­ning in spite of best efforts in that direction. In regard to the six (or really seven if 1980 is included) partial crises of overproduc­tion, their short duration and other characteristics, as well as the uninterrupted high level of fixed capital investment and expansion of production capacity, together with almost constant increase in production output itself up to 1974, must be considered in distinguishing their nature from that of a full general crisis of overproduction such as now developing. ____ With his usual profound insight into the basic mechanisms of capitalist production and distribution Marx delienated the inevitability of such lesser crises even during periods of capitalist expansion when he analyzed the necessity for balance between the one-sided purchases and the one-sided sales that are an integral part of the process of reproduction of capital, and pointed to the "possibility of crises, since balance is an accident under the crude conditions of this production." (Capital, Vol. II. Section on Accumulation in Dept. I) These partial crises, crises of imbalance in their general character, that we have seen so far since WWII are basically diffe­rent in their causes, their course of develop­ment and their outcome from the last major general crisis of overproduction and the new one which will inevitably reverse (and is already reversing) the exceptionally extended forty year period of U.S. and international expanding reproduction of capital. SUMMARY AND CONCLUSIONS The question for judgement by marxist economists is whether the current down­turn, not only in the United States but in all major capitalist countries, is the beginning stage of a major general crisis of overproduction or simply another short partial crisis, possibly a little more severe than the others, which will show an upward trend in production soon. Public expression of the latter view is considered de rigueur by the economists and politicians of capita­lism and is clung to by monopoly capital is an article of faith. It may be one of the lesser reasons that fixed capital invest­ment has not yet taken a drop commensura­te with the reduction in utilization of exis­ting capacity. The chief reason for that time lag is, of course, that plans and app­ropriations must be made a long time, sometimes years, before actual construc­tion and equipment installation. There is plenty of time for a change in the econo­my in the interim. The past three months seem to indicate that such a fixed capital investment drop is beginning. This brief article cannot analyze in full the complex economic and accompanying political developments that can be expected in such a major depression development as considered here to be a certainty. There will be characteristics fundamentally the same and others just as fundamentally different from the 1929 crisis. The enormous increase in the strength of the socialist world, the Götterdämmerung level of this stage of monopoly capitalism, the constant danger of a capitalist start of a nuclear war, are among the new factors in the present period. There do not appear to be any factors in view that can provide enough volume of demand to offset the huge overcapacity spreading rapidly through every phase of the U.S. economy. The only rising demand is for military goods, but that increase is not rapid or large enough to fill the gap. In regard to large-scale general war, a few comments are in order even in an economic discussion. After the Nazi defeat, primarily by the army of socialism, it was the United States that took over the position of central spear­head of monopoly capital against the Soviet Union, and later its socialist allies. The clearly developing Pentagon plans for a six minute nuclear Blitzkrieg to wipe out the capitalist nightmare of socialism, and the intense efforts to create a new cordon sanitaire in preparation for such a war, dominate Reagan's foreign policy. The six minute idea is the reason for the sustained effort to get rocket sites in Europe. The 15-20 minute travel time for rockets from the U.S. to the S.U. is too long for Reagan's Pentagon "experts." We live in the period of the twilight of class society, and only blocking the plans of these irresponsible people can prevent them from turning it into the twilight of the entire human race. Fortunately, present data indicate that this is also the decade in which the economic strength of the socialist world, and with that its relative social and political strength, will "overtake and surpass" the capitalist world by a wide margin, creating the principal hope for expansion of happy life and growth for humanity. Fortunately again, Mao's basically reactionary thesis that "politics rules over economics" has lately again been shown to be without foundation, and the healthy expanding economic relation­ship between the capitalist and socialist worlds is becoming stronger as one of the important factors for world peace. To summarize the views here expressed on the economic situation, while fluctuations are part of any capitalist economic movement, accumulated conditions indicate the proximate onset of a long-term general crisis overproduction, first signs of which, like the breeze before the hurricane, are already here. It is generally impossible, in view of the enormous size and many I factors at work in the economy, to name the exact day and month of the beginning of such a crisis. It appears likely that it will not be too long before the situation will be unmistakable , and we may in fact look back on the capacity utilization drop in the first and second quarters of 1982 as the beginning of that crisis. Csoóri Sándor: Nomádnapló . $4.60 | Faludy György: Összegyűjtött versei 22.— i II.Rákóczi Ferenc: Vallomások, j emlékiratok f Emlékiratai $ 16.90 Kiáltványa 3.30 j NyirÓ József: Székelyek ' 8.— Zöld csillag $ 10.— Kopjafák 6.— Űz Bence $ 10.— íme az emberek 12.-» Halhatatlan élet 12.— ) Szalay Lajos: Hatvan rajza ‘ 4.— j Cs. Szabó László: Vérző fantomok 12.— i Vaszary Gabor: Ketten Párizs ellen 12.— A no a pokolban is az úr $ 10.- Pók 12- Édesanyánk Ó $ 10.— t Kapható: ( PVSKI - CORVIN j Hungarian Books & Records. 1596 2nd.'Avc. Now York N.Y. 10028 • ‘ Telefon: 212-879*893 I

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