these countries has spent it wages, and cannot buy any of the surpluses.
Capital in all these countries has already consumed all it is able
according to its nature. And still remain the surpluses. They cannot
dispose of these surpluses to one another. How are they going to get rid
of them?"

* Theodore Roosevelt, President of the United States a few
years prior to this time, made the following public
declaration: "A more liberal and extensive reciprocity in
the purchase and sale of commodities is necessary, so that
the overproduction of the United States can be
satisfactorily disposed of to foreign countries." Of
course, this overproduction he mentions was the profits of
the capitalist system over and beyond the consuming power of
the capitalists. It was at this time that Senator Mark
Hanna said: "The production of wealth in the United States
is one-third larger annually than its consumption." Also a
fellow-Senator, Chauncey Depew, said: "The American people
produce annually two billions more wealth than they
consume."

"Sell them to countries with undeveloped resources," Mr. Kowalt
suggested.

"The very thing. You see, my argument is so clear and simple that
in your own minds you carry it on for me. And now for the next step.
Suppose the United States disposes of its surplus to a country with
undeveloped resources like, say, Brazil. Remember this surplus is over
and above trade, which articles of trade have been consumed. What, then,
does the United States get in return from Brazil?"