“An American activist warns about the growing problem of homelessness in the United States, saying a larger degree of people are to lose their homes in the coming years due to wrong economic policies adopted in the country.
“The problem of homelessness in the United States is going to be a growing problem for various reasons,” said Abayomi Azikiwe, the editor of Pan-African News Wire in an interview with Press TV Sunday.
He described the massive foreclosure crisis which coincided with the so-called great recession which began in 2007-2008 as one of the reasons.
“Millions upon millions of residents of the US lost their homes as the result of predatory lending by the banks. Of course these lending schemes were backed up by some of the larger insurance companies and bond holders.”
This trend threatened the US economy and consequently the world capitalist economy in general with collapse, added Azikiwe who is also an organizer of the Workers World Party in Detroit.
According to Azikiwe, the US economic decision makers failed to stabilize the country’s economy despite approving bailout packages through extending of liquidity by the US Federal reserve bank.
“This of course is causing an increase in evictions and resulting in a greater degree of homelessness for people inside the United States.”
He made the remarks as more American cities are criminalizing sleeping in public places including parks and even in personal vehicles.”Twitter