austerity Archives

April 14, 2020

COVID-19 and Imperialism: the coming disaster and revolt

As the coronavirus spreads across the globe, the impact is winding its way through the hierarchical channels of the global capitalist system. As the richer nations approach the apex of the first wave of the infection, the pandemic is just hitting the poorer nations. The combined catastrophe of mass-infection and economic collapse is going to be more destructive and the effects longer-lasting in societies historically under-developed by imperialism. This refers to the internationalization of the capitalist system by the dominant economic powers, who then divide (and re-divide) and economically exploit other nations through the institutions of neoliberal capitalism.

January 13, 2020

by Justin Akers Chacón

Opening the border through class struggle and solidarity

North American capitalism has been transformed into two over-lapping, yet starkly contradictory realities for capital and labor. Nowhere is this more apparent than through observation of what has taken place between the United States and Mexico over the last three decades. Through the aegis of the state, its two major political parties, and its junior counterparts across national boundaries, the US capitalist class has transformed the region into a singular borderless economy for capital.

Integration in this form has been accomplished through what are mischaracterized as “free-trade agreements” (FTAs). These were imposed under authoritarian conditions. Freedom was conspicuously absent when FTAs were dictated to the Mexican people during economic crisis as conditional in exchange for emergency loans. These “structural adjustment programs” required by outside entities such as the International Monetary