approved by the Office of Emergency Preparedness (OEP) since Nixon's Aug. 15 "Stabilization Order."
1. Consumer items on which prices can go up by any amount:
All unprocessed food, packaged or unpackaged, such as eggs, fresh fish, uncut chicken, fresh fruits and vegetables All imported goods State and local taxes 2. Consumer items for which the OEP has approved price increases that had been announced but not put into effect before Aug. 15:
Insurance premiums on the majority of casualty and liability policies on homes, automobiles and other property In addition, prices car dealers may charge for new 72 models can be higher than the discount prices prevailing for new 71 models in the 0 days prior to Aug. 15. However, the 72 model prices are not su sed fo exceed '71 prices charged last fa rally to the American bourgeois pollticians just as it does to the gangsters and the of the star-spangled republic.
In European capitaliet circles - be these gentlemen ginning with the Gaullists in France -the devaluation of the dollar is being denounced as a serious blow against trade for Europe and for Japan. certain that Nixon's Immedlate aim is protectionist in nature. It is designed to heip American exports and make Imports to the Linited States more dif- ports obtain deutsche But these same circles forget that in the capitallet system, money is not only a means of exchange but a means expanding capitalist of payment. Dollars serve not only for world trade; they also serve for the export of capital. What American capltaliam gains In the "commodities" column, it loses in the "capital" column.
From American capitalism will need more dollars to buy a fac- system the Weet, tory in Europe. And a German or Japanese capitaliet will be able to buy a factory in the United States with fewer deutsche marks and yen.
That la why American imperialism long resisted the temptation to devalusubsequent separation, The two coincide momentarily during the course of each economic cycle and perlodically on a more reneral and durable scale. Since 1966. we have entered a long period In which the coinciding of the two is being undermined more and more.
To emerge from the recession that has been hitting the American economy for the past two years, Nixon requested Congress to give a tax credIt on Investments and to repeal an excise tax on automobiles. The industrialists and bankers, as well as not a few liberal" politicians, applauded. What's good for profits is good for the United States. Who would dare think otherwise in the paradise of "free Merry-go-round has Right-wing trade-union figures like George Meany protested under presfreese on dividends and undistributed profits as a counterweight to the freeze on wages? Where are the guarantees against rises in prices? Where Is the compensation for past losses in buying power already sustalned by the wage These protests signify that the AmerIcan workers are going to battle harder for their standard of living, threatthe repercussions that can be counted on as the American bosses seek to strikes. But not only that. They involve above all a new contraction of domestic American market (the reductions in publie expenditures and the increased cost of imported products both serve to reduce overall buying power already under full retracHow is unemployment to be wiped out under these conditions? Moreover. don't the bosses at bolom want to maintain unemployment in order to hold down wages? But under these makes vide themselves leadership, warning.
thrent that the to the height this cycle can will seek The cries that has
In 1936 a new direction for American labour