Capitalism

Democratic COBRA Plan Denounced as Costly Taxpayer Gift to For-Profit Industry

May 17, 2020 UNAC Editor Breaking News, Capitalism, Featured, Healthcare, Medicare for All

by Jake Johnson, published on Common Dreams, May 13, 2020 For weeks, progressive lawmakers and advocacy groups pressed the House Democratic leadership to support an emergency expansion of Medicare coverage to the tens of millions of people who have lost their jobs and their employer-provided health insurance during the coronavirus pandemic. But in their newly introduced 1,815-page coronavirus relief bill,[…]

Mass Unemployment is a Failure of Capitalism

May 15, 2020 UNAC Editor Capitalism, Socialism

by Richard D. Wolff, published on NewsClick, May 10, 2020 The difficulties caused to workers by record unemployment during the pandemic are a product of capitalism. Most of the time, employers decide to hire or fire workers depending on which choice maximizes employers’ profits. Profit, not the full employment of workers nor of means of production, is “the bottom line”[…]

Diseased System in a Shut-Lockdown, Never a Better Time to Fight for Socialism

April 26, 2020 UNAC Editor Austerity, Capitalism, Economics, Medicare for All, Political Analysis, Public Health

by Glen Ford, Published on Black Agenda Report, April 23, 2020 The current health and economic crisis will dramatically accelerate the processes of corporate monopolization, finance capital dictatorship, and working class precarity and immiseration. The only cure is socialism. “The duopoly parties’ refusal to establish a national health care system, beginning with Medicare for All, can only be understood in[…]

A Trigger For a Crisis Driven by Profit

April 6, 2020 UNAC Editor Capitalism, Economics, Global Economics

By Claudio Katz, published on Workers World, March 30, 2020 Katz is an economist and a professor at the University of Buenos Aires. His website is lahaine.org/katz. Published with his permission. Translation by John Catalinotto. March 13 — The global economic crisis is deepening at a rate as dizzying as the pandemic. The reduction in the economic growth rate and[…]

“The American Disease”: Only the Overthrow of the Oligarchy Will Cure It

April 5, 2020 UNAC Editor Capitalism

by Glen Ford, published on Black Agenda Report, April 2, 2020 Although the coronavirus provided the trigger for the current global shrinkage, the economic crisis was already looming when the pathogen made its physical appearance. “The Race to the Bottom cannot coexist with a living wage or a truly universal national health care system.” Donald Trump mouths the words “Chinese[…]

Corporate Media Ignore International Cooperation as Shortcut to Coronavirus Vaccine

April 5, 2020 UNAC Editor Capitalism, Public Health, Trade Wars

by Joshua Cho, published on FAIR, April 2, 2020 When Dr. Jonas Salk was asked in a legendary interview about who owned the patent on the effective polio vaccine he and his team had developed, he acknowledged that their achievement belonged to “the people,” and likened efforts to profit off their innovation to be as unethical as trying to patent[…]

COVID-19: The Capitalist Emperor Has No Clothes

April 3, 2020 UNAC Editor Capitalism, Government Corruption, Imperialism

by Ajamu Baraka, published by Black Agenda Report, April 1, 2020 The systemic failure of the capitalist order triggered by the coronavirus has reinforced the growing awareness that extreme wealth inequality is a fundamental characteristic of the system. “Billions of dollars were allocated to business while millions of people are facing an increasingly desperate situation.” As the capitalist emperor strolls[…]

In Light of the Global Pandemic, Focus Attention on the People.

March 28, 2020 UNAC Editor Capitalism, Economic Collapse, Socialism

By International Assembly of the Peoples & Tricontinental: Institute for Social Research, March 21,2020 SARS-CoV-2 or COVID19, now declared a global pandemic by the World Health Organisation, has begun to wreak havoc in large parts of the world, with other parts waiting in anticipation. We are in a real struggle, which needs total mobilisation; a struggle that needs to put[…]

Late Stage Imperial Omni-Crisis: Death by Virus and Internal Contradictions

March 23, 2020 UNAC Editor Capitalism, Economics, US Government Action

by Glen Ford, published on Black Agenda Report, March 19, 2020 The epidemic reveals the stark truth, that the US dismantled and privatized its public health system, to fatten the pockets of the oligarchy and render working people more helpless and dependent. “Citizens have become aware that the oligarchs – their rulers — are the vectors of mass insecurity, sickness[…]

COVID-19 Exposes Failure of U.S. Health Care

March 17, 2020 UNAC Editor Capitalism, Healthcare, Human Rights, US Government Action

Editorial published on Workers World, March 16, 2020 In this pandemic, people in the U.S. should be questioning why the current capitalist health care system seems unable to combat the spread of the coronavirus COVID-19. We should be demanding why U.S. officials — from the Trump administration to state and local health care departments — have let this crisis reach[…]