Economics

Argentines on the Debt: “It Should Be Paid By Those Who Wasted It”

May 19, 2022 UNAC Editor International Aid and Debt, Lawfare

by Gustavo Maranges, published on Resumen Latinoamericano, May 15, 2022 The history between Argentine and the International Monetary Fund (IMF) is more than troublesome. Last week, the Argentine Senate passed a bill aimed to settle the last chapter, which was opened after former President Mauricio Macri (2015-2019) borrowed US$44 billion (90% of the country’s Gross Domestic Product). Both the bill[…]

For Biden’s Summit of the Americas, Obama’s Handshake With Raúl Castro Shows the Way

May 18, 2022 UNAC Editor Latin America, Sanctions and Economic Warfare, Trade Wars, US Foreign Policy, Visions of a Future

by Medea Benjamin, May 18, 2022 On May 16, the Biden administration announced new measures to “increase support for the Cuban people.” They included easing travel restrictions and helping Cuban-Americans support and connect with their families. They mark a step forward but a baby step, given that most U.S. sanctions on Cuba remain in place. Also in place is a[…]

A Case for Unfreezing Afghanistan’s Assets

May 11, 2022 UNAC Editor Afghanistan, Sanctions and Economic Warfare, US Hypocrisy, War on the Poor

by Kate Alexander, published on Inkstick Media, April 30, 2022 It seems unlikely that the US government is going to amend it’s policies on behalf of Afghan women or Afghan people. If the awareness that Afghan children are starving has not moved them then concerns about a woman’s ability manage her assets to free herself from oppression seems unlikely to[…]

May Day: Worker’s Struggle Celebration is Well-Deserved After a Momentous Year

May 7, 2022 UNAC Editor Austerity, Economics, Labor Struggles

by People’s Dispatch, April 30, 2022 May 1 is Global Labor Day. Only in the US was this important celebration of workers moved to a different day. Working people across the globe are gearing up celebrate International Worker’s Day this May 1. Workers have been participating in monumental struggles since the previous year’s May Day, making this year’s celebration well-deserved.[…]

Why Nonalignment Is an Urgent Imperative for the Global South

May 5, 2022 UNAC Editor Africa, Asia, Economics, Global Economics, Latin America, Multipolar World, Paths to Emancipation

by Nontobeko Hlela, distributed by Globetrotter, May 2, 2022 South Africa and other countries that have abstained from voting against Russia at the United Nations General Assembly in response to the war in Ukraine face intense international criticism. In South Africa, the domestic criticism has been extraordinarily shrill, and often clearly racialized. It is frequently assumed that abstention means that[…]

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[…]

The War in Ukraine and its Effects on Latin America and the Caribbean

April 30, 2022 UNAC Editor Caribbean, Global Economics, Latin America, Russia, Sanctions and Economic Warfare, Ukraine

by Carlos Mauricio Ferolla and Marcelo Depieri , published on Resumen, March 23, 2022 On February 24, war broke out in Ukraine after the invasion of the Russian army. The war has a global impact on a multipolar international system, hyperconnected and in a critical state, undergoing a process of hegemonic transition from the West to the East. The military[…]

Where We Stand

April 14, 2022 UNAC Editor Abuses of Empire, Hybrid Warfare, Imperial Lies and Liars, Nuclear War, Russia, Sanctions and Economic Warfare, Ukraine, US Foreign Policy, War and Peace

by Jeff Mackler, published on Socialist Action, April 11, 2022 Ukraine: No to the U.S.-orchestrated fascist coup! Editor: The statement below was approved by the April 9, 2022 meeting of Socialist Action’s National Committee. Serious political analysis on the left always begins with the facts. Substituting abstract theory not based on facts is always a dead end for the socialist[…]

Ukraine and the Global Economic War: Is This Barbarism or Civilization?

April 12, 2022 UNAC Editor Anti-Imperialism, Global Economics, Imperial Wars, Russia, Sanctions and Economic Warfare

by Prabir Purkayastha, produced by Globetrotter, April 1, 2022 Do the Ukraine war and the action of the United States, the EU and the UK spell the end of the dollar as the world’s reserve currency? Even with the peace talks recently held in Turkey or the proposed 15-point peace plan, as the Financial Times had reported earlier, the fallout[…]

Why Can’t Venezuela Vote at the UN?

April 12, 2022 UNAC Editor Sanctions and Economic Warfare, United Nations, Venezuela

from (Misión Verdad), translation by Orinoco Tribune, April 9, 2022 Many may be wondering why Venezuela, despite being a strategic ally of the Russian Federation, did not vote on April 7 in favor of Russia when the United Nations decided to suspend it from the Human Rights Council. The truth is that Venezuela was not allowed to vote. Sures, a[…]