A non-partisan journal of the left.

Search London Progressive Journal

  • Enter text and click Search. This search does not accept exact strings with " or '. For exact searching click 'Exact Search'.
  • or

How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders

During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt.... [read more]

How Obama Could Beat the Debt Ceiling and Go Out a Hero

The debt ceiling is an unconstitutional gimmick that violates the 14th amendment... [read more]

“We’ll Look at Everything:” More Thoughts on Trump’s $1 Trillion Infrastructure Plan

The Trump agenda, it seems, is not set in stone. The president-elect has a range of advisors with as many ideas... [read more]

Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?

Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead... [read more]

Telling the Players with a Scorecard

How politics is manifested as economics and economics as politics should concern us right now, argues Steven Colatrella.... [read more]

Funding California Schools: Proposition 51 Versus a State-owned Bank

There is a much cheaper way to fund this $9 billion school debt... [read more]

The Citadel Is Breached: Congress Taps the Fed for Infrastructure Funding

In a landmark infrastructure bill passed in December, Congress finally penetrated the Fed's "independence" by tapping its reserves and bank dividends for infrastructure funding... [read more]

Grexit or Jubilee? How Greek Debt Can Be Annulled

The crushing Greek debt could be canceled the way it was made – by sleight of hand... [read more]

Unprecedented!

Michael Roberts on why the present economic crisis demonstrates the vulnerability of "free market" capitalism. ... [read more]

Dear Mr. President, Be Careful What You Wish for: Higher Interest Rates Will Kill the Recovery

Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF.... [read more]

The Italian Banking Crisis: No Free Lunch—or Is There?

It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone... [read more]

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

The right of government to issue its own money was one of the principles for which the American Revolution was fought... [read more]

Time for the Nuclear Option: Raining Money on Main Street

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy... [read more]

Trumping the Federal Debt Without Playing the Default Card

The government can reduce the debt by buying it – and ripping it up... [read more]

Swimming With Sharks: Goldman Sachs, Schools and Capital Appreciation Bonds

Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up?... [read more]

Libya Lies - Rape as a Weapon of War - Made in the USA?

The US Ambassador to the UN, Susan Rice, and Foreign Affairs advisor, Samantha Power, are credited with helping persuade President Obama to intervene in Libya... [read more]

The Mockery of Banking Discipline

Part 7 of Eric Toussaint series, Banks versus the People: the Underside of a Rigged Game... [read more]

The Banks, Fragile Giants

Part 5 of Eric Toussaint's series Banks versus the People: the Underside of a Rigged Game shows that big banks continue playing with fire, because they are persuaded that governments will save them whenever necessary... [read more]

The circulating money supply: Why QE3 won’t jumpstart the Economy—and What Would

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers — but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives, argues Ellen Brown.... [read more]

On Freedom and Imperialism: Arab Spring and the Intellectual Divide

The so-called ‘Arab Spring’ is creating an intellectual divide that threatens any sensible understanding of the turmoil engulfing several Arab countries, says Ramzy Baroud.... [read more]

The Greek Crisis and the Threat to the Euro

Can the EU afford to let Greece withdraw from the Eurozone? Socialist Appeal's Mick Brooks considers the significance of the Grek Crisis.... [read more]

Saving Illinois: Getting More Bang for the State’s Bucks

Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions.... [read more]

If China Can Fund infrastructure with Its Own Credit, So Can We

While American politicians debate endlessly over how to finance the needed fixes and which ones to implement, the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade... [read more]

What a State-Owned Bank Can Do for New Jersey

Having a cheap and ready credit line with the state’s own bank can have similar benefits for New Jersey and other states... [read more]

The Great Rift

I believe that it is there that the solution lies. We must get rid of the occupation, by all available means, the quicker the better.... [read more]

The Health Of Humanity Post 2016

So here we are a year on. And what a year it’s been.... [read more]

Trump’s $1 Trillion Infrastructure Plan: Lincoln Had a Bolder Solution

Central banks have been pumping money into the global economy without a whole lot to show for it... [read more]

More Equal Than Others

Our society thrives on inequality, insofar as it thrives at all... [read more]

Clean eating versus industry

During the eighties and nineties here in the UK we were broadly encouraged to eat lower fat spreads such as margarine, associated with a push for polyunsaturated fat consumption... [read more]

"Us" and "Them"

Some days ago, Yitzhak Herzog said something especially obnoxious. He declared that his party is failing at elections because people believe that its members are "Arab lovers".... [read more]

The Other Gandhi

I had a visitor: General Rehavam Ze'evi, known by his nickname Gandhi, an extreme rightist, came to see me.... [read more]

The big private banks run on LTRO

Part 6 of the series 'Too Big to Fail' by Eric Toussaint... [read more]

A Crisis Worse than ISIS? Bail-Ins Begin

While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US... [read more]

Seashore Thoughts

Looking out at the sea, I thought about the three great dangers I perceive... [read more]

BCE / LTRO: what’s that ?

Part 5 of the series 'Too Big to Fail' by Eric Toussaint... [read more]

Killing Off Community Banks: Intended Consequence of Dodd-Frank?

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks... [read more]

Ukraine slides towards default

When the international bourgeoisie begins to openly worry about a default, we can be sure that the Ukrainian economy is in a lot of trouble... [read more]

Governments submit to “Too Big to Fail” banks (part 1)

Since 2007, the major Central Banks of the most industrialised countries have lent massively to private banks at very low interest rates in order to avoid their failure... [read more]

Economic Policies for an Incoming Labour Government (Part 8 of 9)

The Community Interest Bank Key to Local SME Development... [read more]

The ECB’s Noose Around Greece

Remember when Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks?... [read more]

An Expensive Speech

Churchill famously said that democracy is the worst political system, except for all those other forms that have been tried from time to time... [read more]

Lenin's State and Revolution Today- The Preface

The first in a series of articles by Thomas Riggins analysing Lenin's famous work The State and Revolution: The Marxist theory of the State and the tasks of the Proletariat in the Revolution... [read more]

Transylvanian Count to Chair Bloodbank

The government wants a chairman who can flog nature and have chosen a Tory party donor with a background in investment banking and housing developments, writes George Monbiot.... [read more]

The Bank Guarantee That Bankrupted Ireland

The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust... [read more]

The Leveraged Buyout of America

In a letter to Federal Reserve Chairman Ben Bernanke, US Representative Alan Grayson and three co-signers expressed concern about the expansion of large banks into what have traditionally been non-financial commercial spheres... [read more]

Currently Mistaken Ideas in Western Economics and Their Suggested Corrections (preferably soon) Part 2

Economist George Tait Edwards straightens out some of the economic myths taught at Western universities (Part 2 of 2)... [read more]

Currently Mistaken Ideas in Western Economics and Their Suggested Corrections (preferably soon) Part 1

Economist George Tait Edwards straightens out some of the economic myths taught at Western universities (Part 1 of 2) ... [read more]

Banks versus the People: The Underside of a Rigged Game! (Part 2)

The European Central Bank and the Federal Reserve are at the service of the major private banks... [read more]

Shimomuran Economics: The No-Debt Investment Credit Creation Path to More Rapid Economic Growth

George Tait Edwards MBE makes the case for the urgent implementation of Keynesian economics to stimulate growth, based on the economic model's previous success in the US, China and Japan... [read more]

Hold the front page! We need free media, not an Order of Mates

The other day, I stood outside the strangely silent building where I began life as a journalist. It is no longer the human warren that was Consolidated Press in Sydney. It seems in Australia, hard-won rights are being buried beneath corporate might, writes John Pilger.... [read more]

The ‘MENA’ region and the International Monetary Fund

Daniel Robicheau describes the lead up to the war in Syria and the involvement of the IMF... [read more]

Our Home - A Human Unity Statement

Elizabeth Ellis reminds us of humanity's mission statement... [read more]

Melinda Taylor: The Spy That Got Away?

On the 7th of June 2012, Melinda Taylor and three other ICC delegates were arrested in the city of Zintan in Libya by Zintani militia. How should the Australian media handle the story? Finn Bowen takes a look.... [read more]

The Great Impostors

Under the guise of saving the natural world, governments are privatising it and rarely will the money to be made by protecting nature match the money to be made by destroying it, writes George Monbiot.... [read more]

Isle of Wight Festival – an alternative perspective – June 2012

Miles Caston describes the highlights of this year’s Isle of Wight festival and suggests a ‘greener’ way to enjoy music festivals... [read more]

20/20 Vision?

outRageous! is back and asking the questions nobody else dares... [read more]

Back to Basics in Palestine: Redefining Our Relationship to a People’s Struggle

Palestinians are governed by laws without internationally recognizable legal frame of reference, a situation that allows Israel to justify the detention of Gaza patients seeking medical treatment outside their besieged area, writes Ramzy Baroud.... [read more]

NONE SO BLIND - An outRageous! challenge

outRageous! lays down the gauntlet to all readers of the London Progressive Journal... [read more]

Letter to a Soldier of the IDF

John Wight writes a letter in commemoration of the third anniversary of Operation Cast Lead, Israel's military assault on Gaza, it is written in the form of a letter to an IDF soldier. ... [read more]

Iranian \'assassination plot\': Cooked up to further U.S. aim of regime change?

Mazda Majidi dissects US allegations of an Iranian plot to assassinate a Saudi diplomat on American soil.... [read more]

An Age of Consent of 14?

Peter Tatchell argues education, not criminalisation, is the best way to protect children when it comes to sexuality.... [read more]

Greece: Workers Take a Stand

Daniel Serge dispels a few myths about the recent unrest in Greece. ... [read more]

The Biggest Lie in the World and a Few Truths

Steven Colatrella picks apart the myth that free market capitalism is the most rational way of allocating resources.... [read more]

Justice in Shades

A damning judgement on army killings suggests that officials at every level have covered up torture and murder, as George Monbiot explains.... [read more]

Budget: Where’s Our Bail-out?

As New Labour announces its new budget, Socialist Appeal's Mick Brooks provides his assessment of the British economic malaise.... [read more]

Venezuelan Local Elections: Change or Continuity?

Adam Gill reviews the recent local elections in Venezuela, and considers the long-term implications of a mixed outcome for the Chávez government.... [read more]

Bail-out Blackmail

Mick Brooks on the truth behind the US government's bail-out of the financial sector.... [read more]

Financial Meltdown Deepens

In the wake of the collapse of Lehman Brothers, Michael Roberts examines the present financial slump. ... [read more]

United Socialist Party of Venezuela Begins Campaign for Regional Elections

Tamara Pearson on the start of election campaigning in Venezuela.... [read more]

The Plight of the Miami Five

Tomasz Pierscionek on the five Cubans held by the US on charges of epsionage, which thye deny, and the attempts to bring enough national and international pressure to bear to get their convictions re-examined.... [read more]

Working the "Graveyard Shift" (U.S.)

Josh Lucker considers the effects of night work on workers' health.... [read more]