Economic Collapse

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[…]

The Senate’s Coronavirus Relief Package Robs the People to Pay the Rich!

March 30, 2020 UNAC Editor Austerity, Economic Collapse, Economics, The War at Home, US Politics

by Rich Whitney, published on Global Research, March 27, 2019 The Senate’s $2 Trillion Coronavirus Relief Package is not fiscal stimulus and it’s not a lifeline for the tens of millions of working people who have suddenly lost their jobs. It’s a fundamental restructuring of the US economy designed to strengthen the grip of the corrupt corporate-banking oligarchy while creating[…]

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[…]

US Senate’s Final Stimulus Bill: Why It Won’t Be Enough

March 26, 2020 UNAC Editor Austerity, Economic Collapse

by Jack Rasmus, published on Popular Resistance, March 25, 2020 At the end of this article is a podcast of Dr. Rasmus’ speaking on what is going on and what interventions he sees as necessary to bail out Main Street. Just after midnight March 25, 2020, eastern time the US Senate passed a compromise bill of fiscal spending to address[…]

The Cost of This Pandemic Must Not Bankrupt the People

March 24, 2020 UNAC Editor Economic Collapse, Economics, Human Rights, Public Health, Socialism

by Vijay Prashad and Manuel Bertoldi, published by Independent Media Institute, March 23, 2020 The global pandemic of COVID-19 has spread to almost every country on the planet earth. The virus will take many lives, disrupt communities and institutions, and leave behind trauma and a devastated world economy. The United Nations Conference on Trade and Development (UNCTAD) estimates that by the end[…]