Interview with David Hungerford about the US Social and Economic Crisis
In the twenty seventh episode of the third season of The Fact, we have interviewed David Hungerford an American Activist and Commentator in Social and Economic Arena about the US Social and Economic Crisis, Following the Corona Pandemic and the Recent Civil Protests.
MWFpress - In the twenty seventh episode of the third season of The Fact, we have interviewed David Hungerford an American Activist and Commentator in Social and Economic Arena about the US Social and Economic Crisis, Following the Corona Pandemic and the Recent Civil Protests.
Guest: * David Hungerford * An American Activist and Commentator in Social and Economic Aren
Host: * S. Foad Mahdavi
View full conference video on YouTube.
1. Has the United States ever experienced such an economic crisis? It's a historical crisis of capitalism. The 2008 great financial collapse got worse and worse with time and now we are seeing the return of financial collapse in the form of Great Depression.
2. Some believe that the United States is experiencing its worst bankruptcy and its economy is on the brink of destruction following the current situation. Do you agree with it? Oh yes it's going to be a very difficult situation to dig out of because it was brought on by overproduction.
3. What has happened to the US oil industry? There is a very important challenge to the dollar in process around oil pricing. If the oil price goes too low, it greatly destructs the US oil production because it's a relatively high cost of extraction in the United States and I think that is the weak point of the US.
4. What caused the American people to revolt against their oppressive rulers? I have struggled against police brutality. I've done that for many years in the grassroots level. They're just not news. We had to go keep at it and keep at it and keep at it through multiple stages. In this very profound crisis of history that it's sort of a color revolution in progress in the United States.
5. How do you predict the future of the US? Increasing conflict in ruling class, very deep instability, great danger of fascism; I don't see any definitely determined course but I do think that we must defend the Constitution of the United States. We have to fight through the people's democratic right and we have to fight for economic programs of recovery from the economic collapse that will get material benefits to the working class.
It’s worthy to mention that this video conference is held regularly with several international subjects inviting various activists and analysts from different countries. (see the archive of The Fact web conferences)