Recession

Plundering Africa – Income Deflation and Unequal Ecological Exchange Under Structural Adjustment Programmes

March 19, 2025 UNAC Editor Abuses of Empire, Africa, Colonialism, Commodity Markets, Economics, International Aid and Debt, Neocolonial Economic Dominance

by Dylan Sullivan and Jason Hickel, published on Black Agenda Report, March 12, 2025 Originally published in ROAPE . During the 1980s and 1990s, the International Monetary Fund (IMF) and World Bank forced governments across Africa to implement neoliberal structural adjustment programmes (SAPs). SAPs compelled post-colonial governments to cut public services and public-sector production, remove labour market regulations and wage[…]

A Sign of Capitalist Decline: Pink Slips Hit Tech Workers Hard

February 3, 2023 UNAC Editor Austerity, Labor, Labor Struggles, Migrants, War on the Poor

by Otis Grotewohl, published on Workers World, February 2, 2023 You can buy a paperback copy of this book on Amazon for $298.99, get a Kindle copy for $15.98 OR read it for free online here: https://www.marxists.org/history/etol/writers/marcy/hightech/index.html [jb] In a vulgar display of capitalist greed, indicative of the system’s state of decay, high tech companies have laid off more than 58,000[…]

The Working Class and the Global Capitalist Crisis

May 25, 2022 UNAC Editor Austerity, Capitalism, Economics, Labor, Resistance, Sanctions and Economic Warfare, Socialism

by Larry Holmes, published on Workers World, May 23, 2022 The following excerpts are from remarks by Larry Holmes, Workers World Party First Secretary, at a May 19 New York City branch meeting. Most bourgeois economists are now predicting a recession, which is a sharp downturn in the economy. A recession used to be considered cyclical, but this has changed,[…]