Capitalism

General National Strike March 16 in Greece

March 15, 2023 UNAC Editor Austerity, Capitalism, Democracy and Consent, Greece

International PAME, Rail Issues, Solidarity, published on Labor Today, March 13, 2023 The victims of capitalism raise their voices in Greece. They are our victims and also a reflection of where we are headed unless we embrace major changes. It is time for the people to stand up and demand a change of direction. [jb] New Huge Demonstrations yesterday– Escalation[…]

‘The Bank is Now Insolvent’

March 15, 2023 UNAC Editor Capitalism, Economic Collapse, Global Economics, Socialism

Workers World Editorial, March 13, 2023 It is often the case that, when the capitalist system is on the verge of a crisis, the period leading up to it is marked by buoyant explosions of optimism. On Oct. 25, 1929, President Herbert Hoover proclaimed that the U.S. economy was “on a sound and prosperous basis.” Four days later the stock[…]

After Toxic Train Wreck, Residents Demand Answers

March 4, 2023 UNAC Editor Austerity, Capitalism, Paths to Emancipation, The War at Home, Toxic Chemicals

by Otis Grotwohl, published on Workers World, February 22, 2023 Weeks after the disaster, more terrifying information is coming out about the toxic train derailment Feb. 3 in East Palestine, Ohio. The two-mile-long, 150-car train, owned by Norfolk Southern, weighed 18,000 tons and was carrying hazardous material when it jackknifed as a result of a broken axle. Following the “controlled[…]

The House of Representatives Denounces Socialism

February 13, 2023 UNAC Editor Capitalism, Socialism, US Politics

Published on People’s Dispatch, February 4, 2023 Conservatives in the House of Representatives passed a resolution “denouncing the horrors of socialism” and opposing the implementation of socialist policies. Link to: H. Con Resolution 9 On Thursday, February 2, the United States House of Representatives passed a resolution denouncing “the horrors of socialism.” All 219 members of the Republican party voted[…]

The Demise of Davos

February 10, 2023 UNAC Editor Capitalism, Economics, Environment, Imperialism

by Sara Flounders, published on Workers World, January 24, 2023 The World Economic Forum held its 53rd Annual Meeting in Davos, Switzerland, Jan. 16-20. This gathering of the world’s superrich oligarchs was followed by a Jan. 20 meeting of the NATO protectors and enforcers at Ramstein Air Base in Germany. The NATO meeting ended without the gathered officials even agreeing[…]

Winds of New Cold War Howling in the Arctic Circle

January 31, 2023 UNAC Editor Capitalism, China, Europe, Global Economics, Imperial greed, Indigenous peoples, NATO, Resource Wars

by Vijay Prashad, produced by Tricontinental: Institute for Social Research and published on Consortium News, January 17, 2023 In 1996, the eight countries on the Arctic rim — Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States — formed the Arctic Council, a journey that began in 1989 when Finland approached the other countries to hold a discussion about[…]

Behind Sam Bankman-Fried’s Cryptocurrency Crash

December 5, 2022 UNAC Editor Capitalism, Corporatism, Corruption, Economic Collapse, US Government Action, US Politics

by Jeff Mackler, published on Socialist Action, December 4, 2022 “What is the robbing of a bank to the founding of a bank?” —Bertolt Brecht, The Threepenny Opera Thirty-year-old “wonder boy” Sam Bankman-Fried (often called SBF) was, at $21 billion, among the richest men on earth. Until a month ago, he was CEO of the second-largest cryptocurrency exchange in the[…]

U.S. Twin Billionaire Parties win 2022 Elections: How the System Really Works

November 17, 2022 UNAC Editor Capitalism, China, Political Analysis, Political Corruption, US Military, US Politics

by Jeff Mackler, November 16, 2022 The 2022 U.S. midterm elections witnessed the twin parties of the ruling rich spending an unprecedented but nevertheless relatively paltry sum of $18 billion to determine which wing of capital will steal the lion’s share of the nation’s wealth created by working people. I say paltry because the stakes to the super rich in[…]

UTIER, Independent Puerto Rican Electrical Trade Union Fighting US Neoliberal Privatization

November 14, 2022 UNAC Editor Austerity, Capitalism, Colonialism, Labor Struggles, Lawfare, Puerto Rico

Statement by Jeanette Graulau, published on Labor Today, November 2022 While some Western countries are planning to re-nationalize their energy industries, the U.S. imposes upon its colony of Puerto Rico a privatization plan to ‘unbundle’ the Puerto Rico Electric Power Authority (PREPA), one of the oldest and fully operational electric power corporations of Latin America. Since 2020, LUMA Energy, a[…]

For African/Black Working Class and Colonized Peoples, Midterm Elections in the U.S. Offer No Relief from War Repression and Capitalist Misery

November 11, 2022 UNAC Editor Austerity, Capitalism, Democracy and Consent, Labor, Racism, War on the Poor, White Supremacy

by Ajamu Baraka, published on Black Agenda Report, November 9, 2022 The 50-year old neo-liberal agenda explains why political choices in this country provide little change that benefits the masses of people. The recent midterm election results will not bring about an improvement in the lives of the Black working class. The agenda was set with the Lewis Powell Memorandum[…]