Economics

Escaping Debt Slavery: Ethiopia, Africa, And The IMF

May 29, 2023 UNAC Editor Eritrea, Ethiopia, International Aid and Debt, Sanctions and Economic Warfare

by Ann Garrison and Robert J. Prince, published on Popular Resistance, May 18, 2023 In 1987, at the Organization for African Unity, Thomas Sankara said, “Debt is a cleverly managed reconquest of Africa.” Restructuring associated with WB and IMF loans becomes a millstone around the neck of drowning economies. [jb] The US is holding up Ethiopia’s request for a $2[…]

Biden’s Debt Ceiling Betrayal is a Democratic Tradition

May 29, 2023 UNAC Editor Austerity, U.S. Budget, US Politics, War on the Poor

by Margaret Kimberley, published on Black Agenda Report, May 24, 2023 Joe Biden is continuing the ignoble tradition of colluding with republicans while pretending to fight them. The latest debt limit drama is another betrayal of the people. When Joe Biden was first elected president his propagandists and their friends in corporate media told us that he was “the most progressive[…]

Biden-McCarthy Debt Ceiling Deal Attacks Social Programs to Pay for War

May 29, 2023 UNAC Editor Economics, US Politics, War and Weapons, War on the Poor

by Berry Grey, published on the World Socialist Website, May 28, 2023 The debt ceiling agreement announced Saturday night by President Joe Biden and Republican House Speaker Kevin McCarthy is the outcome of a bipartisan conspiracy, using a manufactured crisis to intensify the assault on social programs and make the working class pay for the war against Russia and war[…]

Taking the Capitalist Road Was the Wrong Choice For Ukraine, Says Ukraine Expert

May 17, 2023 UNAC Editor Capitalism, Color Revolutions, Economic Collapse, Hybrid Warfare, Russia, Shortages of Supplies, Socialism, Ukraine, US Incited Protests

by Natylie Baldwin, published on CovertAction Magazine, May 5, 2023 Renfrey Clarke is an Australian journalist. Throughout the 1990s he reported from Moscow for Green Left Weekly of Sydney. This past year, he published The Catastrophe of Ukrainian Capitalism: How Privatisation Dispossessed & Impoverished the Ukrainian People with Resistance Books. In April, I had an email exchange with Clarke. Below is[…]

Venezuela: “The Theft of CITGO is the Robbery of the Century”

May 11, 2023 UNAC Editor Abuses of Empire, Colombia, Hybrid Warfare, Latin America, Multipolar World, Poverty, Sanctions and Economic Warfare, TradeWars, Venezuela

by Geraldina Colotti, published on Resumen English, May 6, 2023 There is much confusion about the selling off of Citgo; this article clarifies how this new form of lawfare is an escalation of the empire’s economic war against revolutionary Venezuela . – editorial/Resumen Venezuela is mobilizing against the U.S. decision to auction the shares of the parent company of the[…]

Stop U.S. Harassment of Anti-Imperialist Activists!

May 11, 2023 UNAC Editor Austerity, Censorship and Propaganda, Cuba, Hybrid Warfare, Migrants and Refugees, Racism, Sanctions and Economic Warfare

by Arjae Red, published on Workers World, May 10, 2023 With the workers’ movement on the rise in the U.S. and around the world, May Day activities for 2023 were in full swing over the last few days. Also in evidence were attempts by the U.S. government to repress those individuals who believe in expressing international solidarity with the working[…]

The U.S role in fomenting violence in Haiti

May 8, 2023 UNAC Editor Abuses of Empire, Austerity, Deportation, Economic Blockade, Gun Violence, Haiti, Identity Politics, International Aid and Debt, Public Health

by G. Dunkel, posted on Workers World, May 5, 2023 María Isabel Salvador, the author of the April 25 report from the United Nations Integrated Office in Haiti (BINUH) to the U.N. Security Council on the current situation in Haiti emphasized “the urgent need for the deployment, authorized by the Security Council, of an international specialized force.” Based on the last[…]

No to U.S./U.N. Military Occupation in Haiti! No U.S. Aid to Haiti Dictatorship

May 8, 2023 UNAC Editor Austerity, Capitalism, Colonialism, Economic Collapse, Government Corruption, Haiti, Sanctions and Economic Warfare

by Marty Goodman, published on Socialist Action, May 6, 2023 U.S. imperialism and its U.N. proxies have not yet decided who would take part in the third imperialist occupation of Haiti but the answer may come soon. An intervention will surely be pitched as a “humanitarian” multi-national mission to curb Haiti’s rampant gang violence, mass hunger and a re-emerging cholera[…]

Oxfam Report Highlights Deep Harms of IMF ‘Austerity Drive’ in Poor Nations

April 27, 2023 UNAC Editor Austerity, Economics, Human Rights, International Aid and Debt, Poverty

by Jake Johnson, published on CommonDreams, April 13, 2023 Austerity is the flip side of sanctions. For the global south, economic interactions with western financial institutions are “austerity” vs “sanctions” which amounts to “Damned if you do; Damned if you don’t” The entire western economic structure is geared to extraction, and its prescriptions permeate the global south like poison. [jb][…]

The Sanctions Boomerang: Why Trade Bans Backfire

April 26, 2023 UNAC Editor Sanctions and Economic Warfare, Trade

by Karin Kneissl, published on The Cradle, April 24, 2023 In 1806, the French Emperor Napoleon Bonaparte implemented one of the most significant trade blockades in European history, known as the “Continental Blockade.” The underlying cause was a trade conflict between France and Britain. In 1793, Britain, which was at war with France, imposed a naval blockade on French port[…]