DETERMINED CLASS WARFARE.

Taihape Daily Times, Volume XI, Issue 3511, 24 June 1920, Page 4

DETERMINED CLASS WARFARE.

The notification s ent out to the dairying industry by the Associated Banks has a wide significance, above a]] ; it unmis.takeably indicates that the pound sterling has commenced to appreciate, and that the time has arrived in the interests of society and industry for commodities to depreciate. Loan money interest may be expected to find its level with that in Britain, which, while being particularly severe on borrowers, will immensely augment the accumulated capital of those who have been extorting unreasonably high profits during the war years. On the other hand it is likely to increase the purchasing power of the wage-earners' few pounds, and it will be interesting to watch how the profiteering class will view any advantage appreciation cf money may bring the wage-earning community. It is a foregone conclusion that profiteers will grab at every unit of per ceat. their newly acquired hoards can earn, also that instantly prices of commodities recede they will cry out for a decrease in wages. As ever, they will strain after higher profits and lesser" expenditure in wages. The regrettable feature about improvement of cost of living conditions by appreciation of money is that it rather accentuates greed than eliminates it as a factor in causing industrial strife. It is not unreasonable to view world conditions as a state of war between Labour and Capital, in which capital is straining the power of its gold in an endeavour to bring about a a reversion to the pre-war semi-feudal status, and there is no visible indication that this war is at all near termination. There is the experience in other countries that both parties will fight until the State is wrecked by revolution and counter-revolution. Similar efforts are being made in New Zealand as were made in other countries to bring the contending parties together, and with ahout the same measure of success. The new purse proud people having the American notion that the dollar is almighty will not condescend to discuss the Empire's welfare with common workingmen. they would rather sacrifice the Empire than do anything so belitting to their new found dignity. If additional verify

I cation of the old axiom. "Money is I the root of all evil," were required it is found all over the world at the i present moment. It reached its high- ! est fury when the family of Emper- ! ors commenced looting the houses and [banks of France and Belgium, and its ''bloody stage was heralded by Bolshev- ! Ism, which, let it be seriously noted, is I rapidly spreading over the whole civii Hsed world; the greed, the money lust ! of profiteers and extortioners being ' tlw cause. Bolshevism is following I like a mad sleuth hound, destroying l the money grubs and scattering their. j riches over the roads to barbarism. In l Britain, in South Africa, in Canada, in Australia, in New Zealand there is evidence in plenty that the great Empire is divided against itself: that Class is warring against class and taction against faction, what better sced- | bed could be furnished for raising an appalling crop of Bolshevism? The one class in New Zealand refusing to confer in an effort to avert what Mr Lioyd George seems ' convinced will come is the capitalist class. They who have the treasured capital hoards to lose by revolution insanely refuse to discuss with their fellowmen any suggested means for saving society from destruction. A s the value of currency continues to preponderate over commodities living conditions may be eased, but there is no end in sight of the class war that is raging.