Economic Collapse

Beirut Suffers While Demanding Answers

August 9, 2020 UNAC Editor Breaking News, Economic Collapse, Featured, Lebanon

by Steven Sahiounie, published on Mideast Discourse, August 7, 2020 The sonic blast at the Port of Beirut on August 4 produced a huge white mushroom cloud that enveloped the port and then rose into the evening sky just after 6 pm. However, the cloud of confusion and disbelief still fogs the minds of the Lebanese people, who demand answers[…]

Let the Rich Pay for the Crisis

July 6, 2020 UNAC Editor Austerity, Economic Collapse, Latin America, Public Health

by Katu Arkonada, published on Resumen, July 4, 2020 After the economic crisis of 2008, there was a sector that not only recovered quickly but continued to grow exponentially, the luxury goods sector. While a large part of the population saw their social and labor rights cut back, the occupation of 5-star hotels, the sale of real estate by luxury[…]

As US Reels From COVID-19, Trump Turns to Sanctions, War Making and Threats

May 17, 2020 UNAC Editor Economic Collapse, Hybrid Warfare, Propaganda, War on the Poor

by Alan MacLeod, published on Mintpress News, May 15, 2020 Presiding over by far the worst COVID-19 outbreak in the world, the Trump administration is making it a key priority to escalate hostilities with its perceived international enemies. Last night President Trump suggested that he might “cut off” all trade with the People’s Republic of China. “Now, if you did,[…]

The “New Normal” and the Shock Doctrine

May 13, 2020 UNAC Editor Austerity, Economic Collapse, Economics

By Marty Goodman, published on Socialist Action, May 11, 2020 Today only 51.3% of American adults have jobs – the lowest number on record, lower than the Great Depression. We have passed 80,000 coronavirus deaths. But, even human suffering can make a billionaire’s eyeballs bulge when they look at the financial fallout. Why? For those at the top able to[…]

Mass Joblessness Deepens in US as Corporations Move to Implement Permanent Layoffs

May 12, 2020 UNAC Editor Economic Collapse, Economics, Labor

by Shannon Jones, published on World Wide Socialist Website, May 8, 2020 US government figures released today show mass unemployment in April unlike anything seen since the Great Depression, as the official unemployment rate hit 14.7 percent. According to the Department of Labor, 20.5 million jobs were lost in April, a number far larger than anything ever previously recorded. Looked[…]

Corporations and the Pandemic: Bandits at the Till

May 9, 2020 UNAC Editor Austerity, Economic Collapse, Economics, Public Health, War on the Poor

by James Fortin, published on Socialist Action, May 3, 2019 “The thieves did not even have to show their guns. The door was unlocked, and the till was left wide open. The robbers just scooped up the cash and left. Surely, the thieves had help. It was an inside job.” This not-so-imaginary account of a heist perfectly describes what corporations[…]

Pandemic Explodes, Capitalist Economy Tanks

April 23, 2020 UNAC Editor Abuses of Empire, Economic Collapse, Public Health

by James Fortin, published by Socialist Action, March 31, 2020 Now that the COVID-19 contagion has spread to the 4 corners of the globe, the unpreparedness of the capitalist state, and the outright disregard by the ruling class for the fate of the working people of the United States, has come into full view. Underlying a perfect-storm scenario is the[…]

Remaking The Economy For The People

April 18, 2020 UNAC Editor Action!!, Austerity, Economic Collapse, Financial Vultures

The Decade Of Transformation Is Here: Remaking The Economy For The People Kevin Zeese & Margaret Flowers, published on Popular Resistance, March 29, 2020 The pandemic, economic collapse and the government’s response to them are going to not only determine the 2020 election but define the future for this decade and beyond. People are seeing the failure of the US[…]

US Gunning for Trouble

April 9, 2020 UNAC Editor Economic Collapse, Gun Violence, Healthcare, Human Rights, Public Health

by Finian Cunningham, published on Information Clearing House, April 7, 2020 April 07, 2020 “Information Clearing House” – The spectre of the coronavirus pandemic in the US has darkened decidedly, with President Trump warning of a harrowing next few weeks from a surging disease death toll. Into the malevolent mix are reports of American citizens buying up firearms as if[…]

Capitalism Is the Virus! Bail Out Working People, Not the Corporate Elite!

April 3, 2020 UNAC Editor Economic Collapse, Economics, Healthcare, Public Health, Sanctions and Economic Warfare, Socialism

by Jeff Mackler, published on Socialist Action. The U.S. Senate’s March 25, $2 trillion 97-0, COVID-19 corporate bailout vote gifted the ruling rich an amount never exceeded in world history. The overwhelming portion went directly to the coffers of the billionaire elite for whom the lives of literally millions of Americans are subordinate to their horror at seeing their casino[…]