Economic Collapse

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[…]

Afghanistan Update

February 25, 2022 UNAC Editor Afghanistan, Economic Collapse, Sanctions and Economic Warfare, Statement, Uncategorized

Statement by Black Alliance for Peace The crisis unfolding in Afghanistan remains bleak. With an estimated 23 million Afghans—more than 50 percent of the population—still facing extreme levels of hunger, more people could die of starvation in 2022 alone than from the last 20 years of the U.S.-led occupation. While the duopoly in Washington, D.C., distracts the public with its[…]

Democrats, the More Effective Evil

February 20, 2022 UNAC Editor Capitalism, Democrats and Republicans, Economic Collapse, Imperialism, U.S. Aggression

by Chris Hedges, published on ScheerPost., February 14, 2022 The title phrase was originally coined by our good friend Glen Ford. Brilliant, in any context. {jb} When all else fails, when you are clueless about how to halt a 7.5% inflation rate, when your Build Back Better bill is gutted, when you renege on your promise to raise the minimum[…]

As the Military War Ends, Afghan People Face Starvation Under U.S. Sanctions

February 12, 2022 UNAC Editor Afghanistan, Economic Collapse, Sanctions and Economic Warfare, US Government Action

by Vijay Prashad, from Globetrotter, February 11, 2022 On February 8, 2022, UNICEF (the United Nations Children’s Fund) Afghanistan sent out a bleak set of tweets. One of the tweets, which included a photograph of a child lying in a hospital bed with her mother seated beside her, said: “Having recently recovered from acute watery diarrhea, two years old Soria[…]

Are Western Wealthy Countries Determined to Starve the People of Afghanistan?

January 15, 2022 UNAC Editor Afghanistan, Economic Collapse, Sanctions and Economic Warfare

by Vijay Prashad, published on Countercurrents, January 15, 2022 On January 11, 2022, the United Nations (UN) Emergency Relief Coordinator Martin Griffiths appealed to the international community to help raise $4.4 billion for Afghanistan in humanitarian aid, calling this effort, “the largest ever appeal for a single country for humanitarian assistance.” This amount is required “in the hope of shoring up collapsing[…]

The U.S. Is Destroying the Lives of the People of Afghanistan

November 27, 2021 UNAC Editor Afghanistan, Economic Collapse, Imperial Wars, Indigenous peoples, Migrants and Refugees, Sanctions and Economic Warfare

by Barry Sheppard, published on Socialist Action, November 22, 2021 When the U.S. left Afghanistan in August it also froze almost all foreign aid to the country. It has now come to light that the major part of the economy under the U.S. military and its puppet government was completely dependent on that foreign aid. In other words, the U.S.[…]

U.S. role exposed Masses resist Sudan coup

November 5, 2021 UNAC Editor American Exceptionalism, Austerity, Civil Resistance, Economic Collapse, International Aid and Debt, Sanctions and Economic Warfare, Sudan

by Sara Flounders, published on International Action Center, November 2, 2021 Incredible exposure of U.S. actions to humiliate and impoverish the Sudanese people and destabilize Sudan. And the hypocrisy of it all. The U.S. wants Sudan to pay sanctions to U.S. victims of their wars when they don’t have money to eat. Of course the US would never consider doing[…]

Global Supply Chain Crisis: Workers’ Health and Safety vs. Capitalists’ Profits

October 12, 2021 UNAC Editor Capitalism, Economic Collapse, Labor Struggles, Public Health

by Betsey Piette, published on Workers World, October 7, 2021 At the beginning of the coronavirus pandemic in 2020, panic buying seemed to create a shortage of different necessities, including toilet paper. Midway through the COVID-19 pandemic, housing prices started rising drastically, as demand surpassed supply due to shortages of construction materials. As students returned to in-person learning, schools found[…]

While the Stock Market is Booming, Jobs Report Hides Hunger

September 19, 2020 UNAC Editor Austerity, Economic Collapse, Economics, War on the Poor

By G. Dunkel posted on Workers World, September 11, 2020 Getting enough food was hard for people working low-wage jobs before the pandemic. Now it’s harder, given the huge increase in unemployment — 29 million jobless workers now live off meager unemployment insurance. Millions without work are getting nothing, and more than 50 million people are “food insecure,” meaning they[…]