Economics

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[…]

Statement of Condemnation of the Decision of USA Against Venezuela

March 28, 2020 UNAC Editor Lawfare, Sanctions and Economic Warfare, Statement, Venezuela

The WPC Secretariate, March 26, 2020 The World Peace Council condemns strongly the decision of the US Attorney General, on behalf of the US administration, to announce criminal charges against the President of the Bolivarian Republic of Venezuela and other high-ranking officials with the pretext of their alleged involvement in international drug trafficking. The US General Attorney threatens to designate[…]

US Should Lift Economic Sanctions to Avoid More Deaths From Pandemic

March 26, 2020 UNAC Editor Iran, Public Health, Sanctions and Economic Warfare

by Center for Economic and Policy Research (CEPR), published on TeleSUR English, March 18, 2020 The U.S. government should immediately lift economic sanctions against Iran, Cuba, Venezuela, and other countries to avoid unnecessary deaths and more extensive propagation of the pandemic, said economist Jeffrey Sachs, professor, and director of the Center for Sustainable Development at Columbia University. While sanctions already[…]

Media Struggle to Defend Washington’s Cruelty Toward Venezuela and Iran as Coronavirus Spreads

March 26, 2020 UNAC Editor Iran, Propaganda, Sanctions and Economic Warfare, Venezuela

by Joe Emersberger, published on FAIR, March 25, 2020 An Associated Press article (New York Times, 3/17/20) headlined “IMF Rejects Maduro’s Bid for Emergency Loan to Fight Virus” declared: The request is an about-face for Maduro, who for years refused to share economic data with the Washington-based lender and just last month condemned it as a tool of US imperialism.[…]

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[…]

Late Stage Imperial Omni-Crisis: Death by Virus and Internal Contradictions

March 23, 2020 UNAC Editor Capitalism, Economics, US Government Action

by Glen Ford, published on Black Agenda Report, March 19, 2020 The epidemic reveals the stark truth, that the US dismantled and privatized its public health system, to fatten the pockets of the oligarchy and render working people more helpless and dependent. “Citizens have become aware that the oligarchs – their rulers — are the vectors of mass insecurity, sickness[…]

The Importance of Neighborhood Banks

March 22, 2020 UNAC Editor Corporatism, Economics

Ellen Brown Interviews Economist Michael Hudson on Its Our Money, Show #124, March 12, 2020 Michael Hudson: [00:00:00] There’s recognition that commercial banking has become dysfunctional and that most loans by commercial banks are either against assets – in which case the lending inflates the prices of real estate, stocks and bonds – or for corporate takeover loans. The economy’s[…]

Why Sanctions During a Pandemic are Cruel and Mean Spirited

March 22, 2020 UNAC Editor Economics, Sanctions and Economic Warfare

by Vijay Prashad and Paulo Estrada, published on MROnline, March 16, 2020 Swiftly moves the coronavirus disease (COVID-19), dashing across continents, skipping over oceans, terrifying populations in every country. The numbers of those infected rises, as do the numbers of those who have died. Hands are being washed, tests are being done, and social distance has become a new phrase.[…]