We wrote this in 1929 in the conclusions of “Elements of Marxist Economics”, ten years before World War II, and we read it today as World War III is being prepared.

“Capitalist accumulation in America, beginning with the Civil War of 1861, which produced enormous public debt, taxes, and the birth of the most vile financial aristocracy, reached dizzying heights through the World War and the period that followed. The United States, saturated with proletarians and threatened by massive unemployment, began to reject Asian and European immigrants. Inevitably forced to dump huge masses of products abroad, and perhaps tomorrow, for reasons of domestic policy, part of the plethoric industrial reserve army that is forming there, having arrived too late in the division of colonial rule, they will certainly attempt to colonize Europe itself, breaking down its productive apparatus and thus provoking a new and greater conflict”.