Economics

Killer Capitalism Says “Back to Work!” in a Pandemic

May 25, 2020 UNAC Editor Austerity, Capitalism, Government Corruption, Labor, Public Health

by Jeff Mackler and James Fortin, published on Socialist Action, May 21, 2020 Over the past several weeks, daily new cases of COVID-19 in the U.S. have remained in the 22,000–25,000 range. By June 1, it is estimated that the number of deaths each day will rise to 3,000. Yet all 50 states now have begun lifting socially-protective measures aimed[…]

COVID-19: Hunger Gnaws at the Edges of the World

May 23, 2020 UNAC Editor Agriculture, Austerity, Labor, War on the Poor

by Vijay Prashad and Richard Pithouse, published on Consortium News, May 19, 2020 Produced by the TriContinental Institute What the International Monetary Fund calls the Great Lockdown sent 2.7 billion people into either full unemployment or near unemployment, with many people one or two days away from desperate poverty and hunger, according to the International Labour Organization. Starvation is already evident in many regions[…]

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,[…]

Covid-10 and America: The Fire This Time

May 15, 2020 UNAC Editor Austerity, Economics, Sanctions and Economic Warfare, US Hypocrisy

by Wilmer, J. Leon III, published on Black Agenda Report, May 6, 2020 It is immoral if not criminal for the US to increase sanctions through its “maximum pressure campaigns” against Venezuela, Iran, Cuba and Palestine. “Weaponizing disease for political purposes to bring about regime change is the same as germ warfare and should be considered a crime against humanity.” Time[…]

Crushing the States, Saving the Banks: The Fed’s Generous New Rules

May 15, 2020 UNAC Editor Austerity, Economics, US Politics

by Ellen Brown, published on Common Dreams, May 3, 2020 Congress seems to be at war with the states. Only $150 billion of its nearly $3 trillion coronavirus relief package – a mere 5% – has been allocated to the 50 states; and they are not allowed to use it where they need it most, to plug the holes in[…]

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[…]

US Government Fears China Will Give Away COVID-19 Vaccine for Free

May 10, 2020 UNAC Editor Corporatism, Trade Wars

by Alan McLeod, published on MintPress News, May 4, 2020 he number of official global coronavirus mortalities surpassed a quarter of a million people today, including over 69,000 in the U.S. (although this is very likely an undercount). Polls show that the American people are extremely worried about contracting the virus. However, the government has a much bigger concern: that[…]

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[…]

Are We About To Lose The US Postal Service?

May 6, 2020 UNAC Editor Austerity, Labor Struggles, Petition, Resistance

By A Grand Alliance To Save The Postal Service, published on Popular Resistance, April 8, 2020 Bailout our public institutions before the corporations! NOTE: Popular Resistance is a member of A Grand Alliance to Save the Postal Service. We urge you to take action. Politico reports: “The U.S. Postal Service could be gone by June unless Congress immediately delivers billions[…]