ECONOMIC CRISIS

Achieving Self-Funding Local Sovereignty as Global Food Systems Collapse

The solution to the current food crisis is small and local, including growing food locally. But how to fund local food co-ops without pricey loans from big banks? “Deglobalizing” and “dedollarizing” have been much in the news. Reducing dependence on the global supply chain and the U.S. dollar are trends that are happening not just […]

Is Venezuela on the Verge of a Social Explosion?

The aggravation of the economic crisis is making life unbearable for working people in Venezuela. The destruction of the purchasing power of wages has been combined with the collapse of all basic infrastructure (water, electricity and public transport). Workers in different sectors have started to organize and protest, demanding higher wages; while peasants in the countryside are fighting attempts to destroy Chavez’s agrarian revolution.

Economist Peter Koenig on Venezuela’s Push Towards a “Resistance Economy”

The Government of Venezuela called an international Presidential Economic Advisory Commission, 14-16 June, 2018 – to debate the current foreign injected economic disturbances and seeking solutions to overcome them. I was privileged and honored to be part of this commission. Venezuela is literally being strangled by economic sanctions, by infiltrated elements of unrest, foreign-trained opposition leaders, trained to disrupt the distribution of food, pharmaceutical, and medical equipment.

Maduro Won Venezuela’s Election Despite US Meddling, Now What?

Nicolas Maduro was re-elected for another term of office in the Venezuelan presidential election on Sunday 20 May. The majority of the reactionary opposition, with full support from Washington and Brussels, had called for a boycott, which led to a very low turnout in the middle-and-upper-class areas of the main cities. Their demand that the elections be canceled was echoed by right-wing governments in the region. This meant that many in the working-class and poor areas turned out to vote as a way of rejecting brazen imperialist meddling.