LESLIE MORRIS

OUND Labor Day there
Will come on sale a new
“about Canada: Anatomy
mpusiness, by. L. C.
W. Park. It is being
shed by Progress Books
ill sell for $5 in a
*s0und edition and $2.75

my readers of the Pacific
me will remember the
S book, The Power and
rOney, which was pub-
in 1958 and told the
“Of the big monopolies
© enormous wealth gives
he power to run the
--in their own inter:

ginally, the Parks meant
kK on a second edition
heir first book, but as
ibject grew in size and
ance and the crisis of
mada deepened, they found
ves with a new ‘book.
S a powerful indict-
Of the men who own
da. They are not Cana-
in the main, but Amer-
But what the Parks
With a wealth of facts
figures, is to show that
Canadian tycoons not
are willing partners of
Americans, but that even

Pendent” operators they
: the American game.

1 they appear to be “‘in--

’ We refer here, of course,
to the big shots* men who
know that a mfion dollars
is no longer just capftal, but
power. The small business:
man might. often have a
more Canadian outlook, but
he is at the mercy of the
masters of finance.

The authors make clear
that the U.S. domination of
Canada was made _ possible
through the growth of mon-
opoly, the development of
monopoly capitalism.

That is a real contribution
to the knowledge of Canada:
it shows that the fight for
Canadian national develop-
ment, free from U.S. con-
trol, is actually the fight
against the power of mono-
poly capital. One is insepar-
able from the other.

The Parks describe the
words “ownership” and ‘‘con-
trol.’ They are really the
same thing:

“The power of the upper
layer of the ruling class is
based on their control of
capital and the means of
production, the control in
turn resting upon direct

‘ownership of only a fraction

of the total capital con-
trolled.”

Readers of the book wiil
gain a better grasp of the

way the US. corporations

(about 25 of them, operating
in Canada) extend their grip
through the whole of the
economic and political life of
our country.

Again and again the point
is made, and proved, that
there is really ‘cone lump” of
monopoly capital in Canada,
a powerful U.S. - Canadian
financial oligarchy whose
operations actually define the
shape and content of mono.
poly capital in Canada.

There are not two big piles
of capital, one American and
the other Canadian, but only
one—U.S,-Canadian.

U.S. domination of Canada
is defined as “the sum of
U.S. influence (the influence
of the dominant U.S. finan-
cial groups) over the Cana-
dian economy and the Cana-
dian government, an in-
fluence that is partially in-
dicated by the huge volume
of U.S. investment in Canada
and by the interlocking of
U.S. and Canadian financial
groups.”

The Parks say, rightly,
that “not every U.S. influ-
ence on Canada has been
bad,” and so they strike a
blow against narrow-minded
nationalism, village-pumpism
which gets in the way of the
fight for Canadian independ-
ence. :

They emphasize this im-
portant idea by showing that
“the point is that in the
world of today, with the U.S.
government seeking by every
means possible to maintain
its short-lived period of
world leadership, the expan-
sion of U.S. influence in

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Canada is preventing
Canadian governments, them-
selves linked with big busi-
ness, from taking. effective
steps to preserve the nation-
al identity of Canada and de-
velop Canada on the basis cf
Canadian needs.” :

The Parks refuse to be
drawn into the position of
separating economics from
politics, the favorite dodge
of capitalist-minded econom.-
ists. They understand that
politics is concentrated eco-
nomics.

And so, through the book,
they argue with the spokes-
men and defenders of the
present set-up, show James
Coyne’s weaknesses as well
as his strength, expose the
current Liberal favorite,
Walter Gordon, and in the
final chapter of the book,
describe better than has yet
been done the case for na-

- tionalzation.

There can be no effective
approach to Canada’s econo-
mic problems, short of na-
tionalization; all other medi-
cines fail to treat the disease.

The parks say: “The results
of tycoon rule are becoming
clearer as the problems of
Canada become more acute.
The one-sided partnership
with U.S. capital that the ty-
coons have worked for and
which has become the basis
for government policy, is also
the basis for the threat to
Canadian independence and
Canadian economic develop-
ment. .

ew book indispensable to Labor

“Tt is this whole line of
action and its consequences
that have to be challenged;
it is the sale of Canada that
has to be stopped. Canadian
independence cannot be sec-
ure, the economy: of Canada
cannot grow, until ownership

-and control of the key sec-

tors of the Canadian economy
is in Canada.

“Not until then can there
be a national approach to
Canadian problems.”

Then, and only then, can
we have an east-west oil
pipeline. And only then, the
Parks show, can Canada have
a power-grid which will
make proper and economic
use of our power resources
all across the country.

Only then will Canada’s
iron ore be used as the found-
ation along with our coal, for
an industrial establishment
that will make Canada a
modern industrial country
and not a parts depot and
branch assembly plant for
the USA.

As we have said, the book
is filled with facts.

You will find out just who
are the big Canadian capital-
ists and what are their ties
with the USA.

You will know who runs
the banks and how the maze
of interconnections places the
whole economy at the mercy
of a small oligarchy of top
financiers — a specially use-
less class who are the domin-
ating force in_ capitalist
politics.

There are good tables and,
happily, graphic charts.

Trade union bargaining
committees should all have a
copy of this book so they can
know with whom they are
dealing, because the real boss
is not always the person he
appears to be, but somebody
else, far removed from the
factory.

Trade union education in
Canada is sorely neglected.
We need to get back to the
time when classes in econo-
mics _ (working-class econo-
mics!) were held in local

unions, and even during
lunch-periods.
'The. Parks’. book is a

manual of practical Cana-
dian economics indispensable
to Canadian labor.

Know your opponent by
reading the Parks’ new book..

We owe these gifted writ-
ers a vote of thanks for their
many selfless labors on be-
half of Canada and _ her
people.

est Germany’s De-
fence Minister
Strauss recently made a
demand for ‘equal rights”
for his Hitler generals,
‘especially in the vital field

of nuclear weapons.”
He made it in an article

in the Hamburg paper
Welt am Sonntag, in.
which he declared that ‘a:
military alliance with in-
tegrated armed forces and
a joint strategic doctrine”
was a necessity for “the
security” of Europe and
America. ;
“The importance and
danger of nuclear weap-
ons requires carefully
harmonized planning and
effective control,” he con-
tinued. ;

W. Germany:

‘Equal rights’

“The joint defense sys-
tem must give all NATO
members not only theore-
tically equal rights and_
duties, but especially in
the vital field of nuclear.
weapons it must also make
the condition of partner-
ship possible for them ac-
cording to their capacity,”

The minister said the
contributions of NATO
members must be in “a
reasonable and_ suitable
proportion”, adding that:
West Germany must con-
tinue to be prepared to
make an appropriate con-
tribution that would serve
the joint security, not the
building of a German
military power.

—Kugust 31, 1962—PACIFIC TRIBUNE—Page 7