Indianapolis Times, Volume 38, Number 254, Indianapolis, Marion County, 28 January 1927 — Page 8

PAGE 8

HOLDS SOCIALISM SOLE mil OF GREAT BRITAIN Capt. Mosely, Victor in Queer Election, Expresses View. By Roscoe B. Fleming, WASHINGTON, Jan. 28.—Social!eation of Britain’s whole industry. That is the step necessary to save England, in the view of young Capt. Oswald Mosley, whose election as labor M. P. for Smethwick by a majority of 6,500, has stirred British politicians. , Mosley thinks England’s unemployment, stagnation and low wages reveal the decline of the "capitalist system.’’ America, now in the full flush of capitalistic youth, sooner or later will come to PJngland's present condition, he prophesied, in a special interview cabled to Labor, organ of the American laJlroad brotherhoods. It is a product of the English "capitalistic class" which is thus damning it. Mosley, whose election campaign split not only his own Tory family, but that of Prime Minister Baldwin, began life as one of those aristocratic cubs described by John Galsworthy In “The Silver Spoon.” Veteran of War He served in the World War with , dit, and emerged to run ns a Con- j vative for Parliament, being elect- I ed in 1918. But as he hatched con- ; ditions in Britain and the world, his j views changed. He became a Socialist, and finally began the campaign which has ended successfully —one of the queerest campaigns in British history. When Mosley was a Conservative, i he was spoken of as a possible prime minister. That tune changed. The Tories called him a "turncoat and a traitor.” Mosley’s own father savagely denounced him. "My son was born with a gold spoon in his mouth." he said. "He has never done a day’s work in his life. If he and his wife want to do something for labor, why don't they sell her pearls, or why don’t they work themselves?” Prime Minister Baldwin himself took the stump against young Mosley Oliver Baldwin, the prime minister’s son, spoke for Mosley. This brought Betty Baldwin, his sister, into the fight on her father's side. Meanwhile, Captain Mosley’s wife, Cynthia, drove him to his engagements in her big limousine, and herself spoke, wearing her usual expensive clothes. She is a daughter of Lord Curzon, and a granddaughter of Levi 'A. Leiter, Chicago millionaire. It was a queer mix-up and Smethwick was in a turmoil for weeks. A Conservative and a Liberal candidate ran against Mosley, on the 1 heory that the Liberal would take votes from him. The big Tory papers ridiculing Mosley were sent into the district by thousands. When the votes were counted a normal majority of about 1,000 had swelled to 6,500. With this background and witli this sort of an indorsement, young Mosley's analysis of the economic position of England and America is made interesitng. Only Salvation "The socialization of British in dustry is her only salvation. British capitalism is in an advanced stage of decay,” he said. “The first policy of British Socialism is to produce for the British population, by means of socialized industry, the same high purchasing power that has been produced in America by the play of natural circumstances and the opening of rich natural resources. "These things have created a demand for labor in the United States, and put it into a strong position against capital, so that labor there secures higher wages than prevail in Britain. "We are an older country, where capitalism has reached an advanced stage of development, in which the working classes have a low purchas-

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I ing power. Consequently, there Is industrial depression, because the I Tow wage population is unable to buy the goods produced. Stagnation and unemployment follow, thus agravating the condition star Fed by low wages. "This vicious circle must be broken. It cannot be done by capitalism, for, if a good employer attempts to .raise wages he is undercut by profiteers who sweat the workers. Nothing but the intervention of the community in the form of Socialism can raise the working classes’ purchasing power. "In America, high wages create demands for goods, which keeps labor employed and trade brisk. This

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is a symptom of the early stages of capitalism. All experience shows that it Is unlikely to last. “When a country becomes fully developed it reaches a stage similar to that of Britain now. The iron law of wages begins to operate on all workers, and men 'lire driven down to a bare subsistence wage. "This has not yet happened in America, owing to the operation of temporary causes which have put labor in a strong position, notwithstanding the fact that the workers are noT completely organized. When a country has reached the last stage of capitalism, nothing but Socialism and conscious reorganization by the community can save it.”

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