The Light At The End

By Nafeez Ahmed, Yes Magazine. -

Within just a few weeks—faster than the blink of an eye in geological time—a tiny, microscopic entity brought the global monolith of human civilization, the captains of industry, the might of the [...]

US Retail Sales Plunged A Record 16% In April

By Josh Boak and Anne D'Innocenzio, AP News. -

Baltimore, MD - U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the [...]

Low-Balling The Unemployed In The 2020 Economic Collapse

By Jack Rasmus, Predicting the Global Economic Crisis. -

This past Friday, May 8, the US Labor Dept. released its latest jobless figures. The official report was 20 million more unemployed and an unemployment rate of 14.7%. Both mainstream and [...]

A Green Stimulus To Rebuild The Economy

The open letter for members of Congress calls for “an ambitious Green Stimulus of at least $2 trillion” designed to create millions of family-sustaining green jobs; accelerate a just transition [...]

From Strike Wave To General Strike

By Richard Moser, Be Freedom. -

The strike wave is here. The strike wave is real.  Can workers take the next steps toward a General Strike? The current crisis is a rare opportunity for us to build a movement both outside of [...]

In The Face Of Corporate Bailouts, Rent Strikers Demand Relief

By Indigo Olivier, Waging Nonviolence. -

On April 1, tenants at 1234 Pacific Street in Crown Heights dropped white sheets over their fire escape — a symbol borrowed from organizers in Montreal — to inform their neighbors that they would [...]

Most Workers And Businesses At The Heart Of US Economy Can’t Meet Financial Needs

By Popular Resistance. -

A survey of small businesses and workers conducted by the Society for Human Resource Management published on April 1 finds that small businesses and workers are being hit hard by the COVID-19 [...]

Capitalism Has Failed In Fighting Coronavirus

By Richard D. Wolff, Brave New Europe. -

The desperate policies of panic-driven governments involve throwing huge amounts of money at the economies collapsed in response to the coronavirus threat. Monetary authorities create money and [...]

US Gunning For Trouble

By Finian Cunningham, Sputnik News. -

The spectre of the coronavirus pandemic in the US has darkened decidedly, with President Trump warning of a harrowing next few weeks from a surging disease death toll. Into the malevolent mix are [...]

Can Cooperatives Save Us From The Next Economic Crisis?

By Laura Flanders, Truthout.org -

In the summer of 2009, economists reported that one-third of the capital equipment in the United States stood idle while some 17 percent of the workforce were either unemployed, forced into [...]

Richard Wolff: The Next Economic Crisis Is Coming

By Lee Camp, Truthdig.com -

Every time I sit down with economist Richard Wolff, he demonstrates why the field of economics is so necessary in the cultural critique of our American empire. In my recent interview with him, we [...]

Comparing Crises: 1929 With 2008 And The Next

By Jack Rasmus, Kyklos Productions. -

It is often said that the initial months of the 2008-09 crash set the US economy on a trajectory of collapse eerily similar to that of 1929-30. Job losses were occurring at a rate of 1 million a [...]

JP Morgan Chase Warns Mass Social Unrest Ahead

By Kevin Zeese and Margaret Flowers, Popular Resistance -

In a 168 page report, 10 Years After the Financial Crisis, issued this month, JP Morgan predicts another economic crisis and concludes warning, "The next crisis is also likely to result in social [...]

The Coming Collapse

By Chris Hedges, TruthDig. -

The Trump administration did not rise, prima facie, like Venus on a half shell from the sea. Donald Trump is the result of a long process of political, cultural and social decay. He is a product [...]

The Return Of The Great Meltdown

By Nomi Prins, Tom Dispatch. -

We have entered a landmark moment: no president since Woodrow Wilson (during whose administration the Federal Reserve was established) will have appointed as many board members to the Fed as [...]

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