Economic Collapse

The Longest War in U.S. History Has Left a Failed State in Afghanistan

January 14, 2023 UNAC Editor Afghanistan, Economic Collapse, Human Rights, Humanitarian Aid, Sanctions and Economic Warfare, U.S. Aggression, US Foreign Policy

by Lisa Sorush published on CovertAction Magazine, December 29, 2023 We cannot forget Afghanistan. It is crystal clear evidence of the U.S. impunity heartlessness in destroying a Afghanistan is in the midst of a severe crisis as a result of the 20-year U.S.-NATO war which culminated in a return to the status quo—that is the return of the Taliban to[…]

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[…]

Scholz’s China Trip Raises Hackles

November 10, 2022 UNAC Editor Austerity, China, Economic Collapse, Germany

by M. K. Bhadrakumar, published on Indian Punchline, November 5, 2022 German diplomacy presented a riveting sight of “counterpoint” with Foreign Minister Annalena Baerbock hosting her G7 partners in Münster on November 3-4 even as Chancellor Olaf Sholz was emplaning from Berlin on a one-day visit to Beijing. The photo-op showed the US Secretary of State Antony Blinken flanking Baerbock[…]

Haiti and the Debt of Independence

October 23, 2022 UNAC Editor Colonialism, Democracy and Consent, Economic Collapse, Haiti, Imperial greed, Indigenous peoples, International Aid and Debt, Racism

by Yves Engler, published on Countercurrents, September 4, 2022 In the vast history of imperialist exploitation few episodes match the depravity of Haiti’s debt of independence. Military blackmail of a small country by a superpower, prioritizing “property rights” over human rights, racial capitalism, a sellout “light skinned” local bourgeoise and the way our past haunts the present are all part[…]

A Roadmap to Escape the West’s Stranglehold

October 16, 2022 UNAC Editor Austerity, Economic Collapse, Economics, Global Trade, International Aid and Debt, Uncategorized

by Pepe Escobar, published on The Cradle, October 6, 2022 Recent discussions question how to frame the coming changes, will there be relief for those suffering austerity and sanctions, is the suffocating grasp of dollar hegemony coming to an end, and if so, what are the significant global changes that will enable this transformation of the global economy? Is there[…]

The US Response to the World’s Worst Humanitarian Crisis: Seize and Privatize

September 24, 2022 UNAC Editor Afghanistan, Economic Collapse, Economics, Sanctions and Economic Warfare

by Andrés Arauz, published on Counterpunch, September 19, 2022 A deep explanation for the technically inclined of where Afghanistan’s frozen wealth derives from and why they can’t be dismissed as an “asset” of the Taliban government. It also explains how frozen accounts related to unilateral coercive measures on other countries distort their economies. [jb] On August 10, more than 70[…]

US Corporations Own Around 30% of Ukrainian Arable Land

August 7, 2022 UNAC Editor Economic Collapse, International Aid and Debt, Ukraine, US Foreign Policy

by Drago Bosnic, published on InfoBRICS, August, 2022 This is how the U.S. treats its friends; pretty much the same as it treats enemies. [jb] The destruction and plunder of Ukraine have been old news for quite some time now, unfortunately. However, the media and the public have only scratched the surface of the sheer scale of this process. With[…]

The Plunder of Ukraine

July 31, 2022 UNAC Editor Economic Collapse, International Aid and Debt, U.S. Aggression, Ukraine

by Drago Bosnic, published on InfoBRICS, July 25, 2022 The plunder of Ukraine has been going on for over 3 decades now. Since the unfortunate events of the late 1980s and early 1990s, the country has been the target of various entities from the political West. The economy, scientific potential, natural resources and the people of Ukraine themselves have been[…]

The West Is In Ukraine, a proxy war on the planet

July 18, 2022 UNAC Editor Economic Collapse, Hybrid Warfare, Imperial Wars, Imperialism, U.S. Aggression, Ukraine

by Aaron Mate, published on Substack, July 16, 2022 In 2015, one year after a US-backed coup ushered in a US-friendly, far-right-dominated government in Kiev, University of Chicago professor John Mearsheimer issued a stark warning. “The West is leading Ukraine down the primrose path,” he said. “And the end result is that Ukraine is going to get wrecked.” Mearsheimer’s cause[…]

A Monetary Reset Where the Rich Don’t Own Everything

May 4, 2022 UNAC Editor Austerity, Capitalism, Economic Collapse, International Aid and Debt

by Ellen Brown, published on Scheerpost, May 4, 2022 In ancient Mesopotamia, it was called a Jubilee. When debts at interest grew too high to be repaid, the slate was wiped clean. Debts were forgiven, the debtors’ prisons were opened, and the serfs returned to work their plots of land. This could be done because the king was the representative[…]