Response to West German Currency Reform

Currency reform in West Germany was dictated by the lords of Wall Street in conjunction with their German accomplices, Pünder, Pferdmenges, Dahrendorf, and cohorts. The reactionary measures of the de facto government in Frankfurt will trigger a wave of price increases while simultaneously keeping wages low and worsening unemployment. Under the slogan of “self-management,” monopolistic business associations have been given control of the economy – those very associations that supported the fascist war economy. This separate currency reform is meant to salvage the rotting, crisis-ridden capitalist economy, and leaders from the bourgeois parties and the Social Democrats are providing active support. This separate currency reform is part of the new offensive that big business is mounting against the working population in West Germany. It will intensify the battle against the working class and must be met with increased resistance.

In the Soviet occupation zone in Germany, the necessary countermeasures will be taken under fundamentally different conditions. The bank and company bosses, the war criminals, and the large landowners have been dispossessed. The working people are in control of the state administration. ...