Poverty

The United States Is Literally Sucking The Blood Of The Poor

March 19, 2023 Lee Camp, Mintpress News. Resistance Report Capitalism, Class Struggle, Human Rights, Poverty

You already know things are not good for a lot of people in the United States. As of two months ago, 64% of the country said they’re living paycheck to paycheck. Even if we exclude the million or so homeless across the U.S., recent data shows that approximately 5.3 million households are behind on their home mortgage payments. Another report from 2018 showed that around 130 million people in the U.S. admitted an inability to pay for basic needs like food, health care, housing, or utilities. And those numbers are before the pandemic began, which is like saying it felt hot in here before a fire burned down the building.

New Report: The Dollar Store Invasion

March 6, 2023 Stacy Mitchell, Kennedy Smith, and Susan Holmberg, Institute for Local Self-Reliance. Educate! Communities, Dollar Store, Finance and the Economy, Poverty

Dollar General, Dollar Tree, and Family Dollar are targeting vulnerable communities, opening stores at a breakneck pace in urban and rural areas alike. It’s tempting to assume that these chains simply fill a need in cash-strapped places. But the evidence suggests that dollar stores are not merely byproducts of economic distress; they are a cause of it. Through predatory tactics, the dollar chains are killing off grocery stores and other local businesses, leaving communities with fewer jobs, diminished access to basic goods, and dimmer prospects for overall well-being. As these losses mount, dollar stores are facing a rising tide of grassroots opposition.

Richest 1% Took 2/3rds Of Global Wealth Since 2020

January 18, 2023 Ben Norton, Geopolitical Economy Report. Resistance Report Global Economy, Poverty, Taxes, wealth inequality

In the past decade, the richest 1% of people on Earth sucked up half of all new wealth. In 2020 and 2021, the richest 1% took nearly two-thirds of all new wealth – six times greater than the wealth made by the poorest 90% of the global population. “Since 2020, for every dollar of new global wealth gained by someone in the bottom 90%, one of the world’s billionaires has gained $1.7 million”, wrote Oxfam. In the meantime, global poverty is getting worse, not better. These shocking statistics were published in “Survival of the Richest“, a report authored by Oxfam, an international humanitarian organization dedicated to fighting poverty and hunger. The document details how, while hundreds of billions of working people across the planet suffer from hunger, insecurity, rising costs of living, and decreasing wages, “The very richest have become dramatically richer and corporate profits have hit record highs, driving an explosion of inequality”.

Martin Luther King Day Special Encore Program: Restructuring The Edifice That Produces Poverty

January 16, 2023 Margaret Flowers, Clearing the FOG. Podcast - Clearing The FOG Green New Deal, Human Rights, Martin Luther King Jr, Poverty

In celebration of Dr. Martin Luther King Jr.'s birthday, Clearing the FOG brought back an interview from ten years ago with Cheri Honkala of the Poor People's Economic and Human Rights Campaign and Robert Pollin of the Political Economy Research Institute. The program is centered on Dr. King's speech before the Southern Christian Leadership Conference in August 1967, "Where Do We Go From Here?" The guests, along with co-host Kevin Zeese discuss the current economic challenges and efforts to bring transformation at the local and national levels. That conversation is relevant today as we continue to face multiple crises, including climate chaos, the pandemic and a global war. King's warning that it is the system that must be changed reminds us of the important task at hand.

The Poor, Squeezed By 10 Trillion Dollars In External Debts

December 21, 2022 Baher Kamal, Inter Press Service News Agency. Educate! Class Struggle, Debt, Finance and the Economy, Poverty

The external debt of the world’s low and middle-income countries at the end of 2021 totalled 9 trillion US dollars, more than double the amount a decade ago. Such debt is expected to increase by an additional 1.1 trillion US dollars in 2023. Moreover, the debt-service payments, projected to top 62 billion US dollars in 2022, put the biggest squeeze on poor countries since 2000, according to the World Bank. As defined by the Organization for Economic Cooperation and Development (OECD), debt service refers to payments in respect of both principal and interest. Actual debt service is the set of payments actually made to satisfy a debt obligation, including principal, interest, and any late payment fees. Scheduled debt service is the set of payments, including principal and interest, that is required to be made through the life of the debt, OECD goes on.

Abahlali baseMjondolo’s Fight For Dignity And Land, 17 Years On

December 5, 2022 Tanupriya Singh, People's Dispatch. Organize! Land Rights, Poverty, South Africa, State Violence

17 years ago, the residents of 12 informal settlements in the city of Durban came together and formed Abahlali baseMjondolo (AbM), or ‘shack dwellers’ in Zulu. The movement emerged at a time of widespread mobilizations against the ruling African National Congress’ failure to fulfill its promises to provide services and housing for the poor in post-apartheid South Africa. “What do we want?” AbM’s founding member and president, then 30 year-old S’bu Zikode had asked in 2005, “The basics. Water, electricity, sanitation, land, and housing.” Over the following years, AbM grew into a militant collective with more than 100,000 members, fighting for dignity and land for the urban poor in the face of deadly repression by state forces.

Haiti: A Political Economy Perspective On The Urgent Crisis Of Imperialism

November 26, 2022 Tamanisha John, Black Agenda Report. Educate! Caribbean, Haiti, Poverty, US Imperialism

Often, when you mention Haiti in conversation and the anti-imperial struggle that has consistently been waged by the Haitian people against imperialist forces for centuries, you are met with minor acknowledgement and some confusion by the listener. Even in cases where there are those who understand Haiti’s battle against imperialist interventions and incursions – many people are still unclear about: “why Haiti.” This is especially true in the present, where there exists a propagandized belief that there are no broader imperialist aspirations in the Caribbean, insofar as those interests cannot be tied to interests in Latin America, and especially to Cuba. Persistent myths about Haiti and confusion about the nature of politics in the Caribbean have allowed systematic investigations into (neo) imperial enterprises in the broader region to go largely uninvestigated.

Liberating Africa Requires Changing Power Relations With The West

November 21, 2022 Ramzy Baroud, Mintpress News. Educate! Africa, Inflation, Pandemic, Poverty, Western imperialism

Soon after arriving in Oslo, my taxi zigzagged through the city’s well-organized streets and state-of-the-art infrastructure. Large billboards advertised the world’s leading brands in fashion, cars, and perfumes. Yet, amid all the expressions of wealth and plenty, an electronic sign by a bus stop flashed the images of poor-looking African children needing help. Over the years, Norway has served as a relatively good model of meaningful humanitarian and medical aid. This is especially true compared to other self-serving western countries, where aid is often linked to direct political and military interests. Still, the public humiliation of poor, hungry and diseased Africa is still disquieting. The same images and TV ads are omnipresent everywhere in the West.

Connection Between The Environmental Crisis And Global Poverty

November 9, 2022 People's Dispatch. Educate! COP27, Nicolas Maduro, Poverty, Venezuela

The 27th iteration of the Conference of Parties to the UN Framework Convention on Climate Change, or COP27, began on Sunday, November 6 in Sharm El-Sheikh, Egypt. The gathering has brought together over 45,000 people from 196 countries, including 120 heads of state. Participants will have until November 18 to build serious, global solutions to address the pressing climate crisis in all of its dimensions. On November 8, the president of the Bolivarian Republic of Venezuela, Nicolás Maduro, addressed the gathering. Maduro did not participate in the last several COP summits, and this year’s participation comes amid a moment of warming relations between his government and countries of the Global North and the region of Latin America and the Caribbean.

New US Sanctions Are Designed To Hit Nicaragua’s Poorest Citizens

November 3, 2022 John Perry, Alliance for Global Justice. Educate! Gold Mining, Nicaragua, Poverty, US Sanctions

The Biden administration has announced new sanctions which are intended to hit the poorest Nicaraguans – both in their pockets and in the public services on which they depend. This latest attack on a small Central American country is, as usual, dressed up as promoting democracy saying that the sanctions will “deny the Ortega-Murillo regime the resources they need to continue to undermine democratic institutions in Nicaragua.” But everyone knows the real target is ordinary Nicaraguans who voted overwhelmingly to return a Sandinista government to power in last year’s elections. Anyone hearing or seeing the NPR news item on the sanctions will have read that they are aimed at “Nicaragua’s gold industry,” with an implicit message that this hits President Daniel Ortega’s personal treasure chest.

We Need A New Trade Union Of The Poor Rooted In The Global South

October 28, 2022 Vijay Prashad, Tricontinental: Institute for Social Research. Create! Europe, Global South, Poverty, Rishi Sunak, United Kingdom

Chaos reigns in the United Kingdom, where the prime minister’s residence in London – 10 Downing Street – prepares for the entry of Rishi Sunak, one of the richest men in the country. Liz Truss remained in office for a mere 45 days, convulsed as her government was by a cycle of workers’ strikes and the mediocrity of her policies. In her mini budget, which doomed her government, Truss opted for a full-scale neoliberal assault on the British public with both tax cuts and unacknowledged cuts to social benefits. The policies startled the international financial class, whose political role emerged clearly as wealthy bondholders indicated their loss of faith in the UK by junking government bonds, thereby increasing the cost of government borrowing and raising the mortgage payments for homeowners.

‘Green Gentrification’ Can Force Out Long-Term, Lower-Income Residents

September 24, 2022 Cristen Hemingway Jaynes, EcoWatch. Educate! Gentrification, Green Transition, Housing, Poverty

Making neighborhoods more “green” through environmental infrastructure and other green investments such as open space parks, rain gardens, permeable pavement and rainwater harvesting can result in an area being perceived as more desirable, which can lead to rents and property values going up. This, in turn, leads to lower-income residents being pushed out — a process called “green gentrification.” As wealthier residents move in, so do businesses that accommodate their tastes, while longer-term residents who don’t earn as much are faced with rising living costs, disappearing community institutions and, eventually, being displaced altogether. According to a report by the Zoological Society of London (ZSL), rewilding could lead to those with lower incomes being pushed out of their local communities, The Guardian reported.

Good News In The Financial Arena In Nicaragua

September 9, 2022 Nan McCurdy and Katherine Hoyt, Alliance For Global Justice. Create! Environment, Finance and the Economy, Nicaragua, Poverty

The international main-stream media rarely focuses on good news from Nicaragua, on its achievements in reducing poverty, and maternal and infant mortality, or on its expansion of health care, education, electrification, water and sewerage, renewable energy, and roadways. However, a recent article published on the web page of the Center for Strategic and International Studies conceded that Nicaragua had made major advances economically and, in spite of US sanctions, had “rebounded relatively well from Covid-19” and had ensured that Nicaraguans could feed themselves. The article noted that the Nicaraguan economy grew by 10.1% in 2021 and foreign investment increased by 39% from 2020 to 2021 with particular strength in energy and mining.

New Day Of Anti-Government Protests In Haiti

September 4, 2022 Orinoco Tribune. Resist! Haiti, Mass Action, Poverty, Violence

On August 29, in a new day of nationwide anti-government demonstrations, thousands of Haitians once again hit the streets in different parts of the country to protest against widespread insecurity, growing scarcity of fuel and the high cost of living. In the town of Petit Goâve, in western Haiti, citizens held a massive demonstration demanding the resignation of Prime Minister and acting President Ariel Henry, arguing that during the past one year of his management, he exacerbated the economic, political and social crisis in the country. According to reports from Rezo Nowdes, at least one demonstrator died after police launched tear gas at protesters in order to disperse them.

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