Economics

A Trigger For a Crisis Driven by Profit

April 6, 2020 UNAC Editor Capitalism, Economics, Global Economics

By Claudio Katz, published on Workers World, March 30, 2020 Katz is an economist and a professor at the University of Buenos Aires. His website is lahaine.org/katz. Published with his permission. Translation by John Catalinotto. March 13 — The global economic crisis is deepening at a rate as dizzying as the pandemic. The reduction in the economic growth rate and[…]

Corporate Media Ignore International Cooperation as Shortcut to Coronavirus Vaccine

April 5, 2020 UNAC Editor Capitalism, Public Health, Trade Wars

by Joshua Cho, published on FAIR, April 2, 2020 When Dr. Jonas Salk was asked in a legendary interview about who owned the patent on the effective polio vaccine he and his team had developed, he acknowledged that their achievement belonged to “the people,” and likened efforts to profit off their innovation to be as unethical as trying to patent[…]

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[…]

US Blockade Prevents Medical Supplies from Reaching Cuba

April 2, 2020 UNAC Editor Cuba, Human Rights, Public Health, Sanctions and Economic Warfare

Published on TeleSUR English, April 1 , 2020 It is interesting to note that Jack Ma also donated masks and ventilators to the United States.[ed] Jack Ma, a Chinese entrepreneur and founder of Alibaba, allocated a donation of masks, rapid diagnostic kits, and ventilators. This aid was intended for the patients affected by COVID-19 and the medical staff on the[…]

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[…]