A non-partisan journal of the left.

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The Economic Crisis and Poor Countries

Mick Brooks compares the 'boom and bust' economics of the past twenty years with similar patterns in the 1920s and 1930s: once again it is the poorer nations that stand to lose the most.... [read more]

Green Shoots of Economic Recovery?

Mick Brooks considers recent claims that the world economic system is on the mend.... [read more]

Unprecedented!

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

Back to Boom and Bust

Eric Hollies on the self-fulfilling prophecy of the global economic downturn.... [read more]

Bye Bye, Dubai?

Mick Brooks looks at the unfolding crisis in Dubai, and its potential implications for the world economy. ... [read more]

The Different Sources of Unemployment, and the Economic Remedy for Each of These

Unemployment is a complex phenomenon. The ultimate roots of all large-scale unemployment is the lack of an adequate economic understanding by a country’s professional economic advisors and its politicians... [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]

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]

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]

Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, is more profitable than Goldman Sachs Group... [read more]

Capitalism and crisis

Nelson Wan provides an overview of Marx's explanation for why capitalism goes into crisis, discussing the inherent contradictions within the capitalism system... [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]

The Gift of Death

Every year we splurge on pointless, planet-trashing products, most of which are not wanted. Why not just bake them a cake, asks George Monbiot. ... [read more]

Can Capitalism Survive?

In the first of a series of articles, by internationaly renowned Greek economist Professor Lefteris Tsoulfidis, focusing on the origins and state of the European economic crisis, Professor Tsoulfidis discusses whether Capitalism has a future... [read more]

The Great Depression

Michael Roberts argues that the big "bailouts" of financial institutions have exposed the fallacy behind the "free market" ideologies which have dominated British and American political and economic systems for the past thirty years.... [read more]

World Capitalism Looks Into the Abyss

Socialist Appeal's Terry McPartlan on how the present economic crisis could enhance class consciousnous and provide the impetus for far-reaching social change.... [read more]

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

Rob Sewell on how the financial press is interpreting the economic crisis.... [read more]

Gordon Brown and "Light Touch" Regulation

Mick Brooks on how Gordon’s policies left the UK unprepared for the present financial crisis.... [read more]

The Credit Cruch - One Year On

Twelve months on from the beginning of the current economic crisis, Socialist Appeal's Michael Roberts examines the causes and effects of the so-called "Credit Crunch".... [read more]

The Fed's Dramatic About-Face

“Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy.... [read more]

Salisbury continues to suffer while Theresa May plays Novichok game

On Easter Saturday I revisited Salisbury to see for myself. This was, after all, a holiday weekend, and Salisbury should be packed with people. Yes, car parks were full but…... [read more]

Quo Vadis, Venezuela?

Even if highly exaggerated in the western press, the economic and political crisis in Venezuela is real... [read more]

Fidel

Castro spearheaded one of the most successful resistance movements ever.... [read more]

America’s Brexit: to fight Trump, fight Capitalism!

What once seemed unthinkable — akin to an episode of the Twilight Zone — has become a surreal reality... [read more]

The Labour leadership election

Bryan Gould, former member of the Labour shadow cabinet, describes what is missing from the leadership contest... [read more]

Derailing Amtrak

Tracking the Latest Disaster in the Infrastructure Crisis... [read more]

How the Election Was Won‏

Bryan Gould, former member of the Labour shadow cabinet, explains how popular sentiment on political issues can be manipulated... [read more]

Now for the Rise of the Republic of The North!

It’s not only the Scots who are disillusioned with Westminster politics. The 2015 election once again doomed the north to five more years under a leadership it hasn’t voted for... [read more]

California Water Wars: Another Form of Asset Stripping?

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped... [read more]

How stable is the economic recovery?

The growth we have seen in the past year may not be conducive to a long-term stable recovery... [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]

Labour's vision

Labour leaders have often been eloquent in articulating a vision of the kind of society they want; it is explaining how that vision is to be realised that seems to be the problem... [read more]

Update On Shimomuran Economics: The Day May Come

Western governments and their advisors can no longer continue to ignore the work of the master economist Dr Osamu Shimomura (1910-1989) who provided the insights which have produced the high growth of the China Sea economic zone... [read more]

Nigel Farage's UKIP and the Mainstream Media are Preventing an Honest Debate on the European Elections

Ruben De Sai on how Nigel Farage's UKIP and the mainstream media are preventing an honest debate on the European elections, and the economic issues that no one is talking about.... [read more]

Shimomuran Economics is the Most Significant Advance Ever Made in Economic Understanding and the West Still Doesn't Get It

Shimomuran economics is the name I have given to the collection of no-debt, high-growth economic understandings practised in post-war Japan and post-rapprochement China... [read more]

Russell Brand and the Nixon inequality shock

Russell Brand's call for revolution reverberated with many beyond the underclass he referenced... [read more]

The Schumacher Institute: An Interview with Ian Roderick, Director

Born in 1911, Ernst Fritz Schumacher was and continues to be one of the most inspiring environmental writers that the UK has ever had... [read more]

Malala's ordeal

Dr Lal Khan explains how the Western media conveniently suppresses aspects of Malala Yousafzai's background so that Pakistani youth and workers remain oblivious of this brave girl’s struggle... [read more]

Climate Change and Marxism

Using Karl Marx's early works, Elijah Pryor asks if there is an alternative to the Capitalism vs Communism debate?... [read more]

The Shimomuran Economics Solution to the Western Economic Crisis

George Tait Edwards explains how investment credit creation could resurrect Western economies... [read more]

A Tale of Two Prime Ministers

George Tait Edwards comments on the comparisons and contrasts between the policies and personalities of Shinzo Abe, the Prime Minster of Japan, and David Cameron, the Prime Minister of the United Kingdom... [read more]

The Four Keynesian Cornerstones of Shimomuran Economics (or Investment Credit Economics)

In the General Theory Keynes made four key comments that presage the practice of Shimomuran investment credit economics writes George Tait Edwards... [read more]

FDR’s American Economic Miracle 1938-44, or the First Economic Bomb - The USA from 1938 to 1944 (Part 1)

George Tait Edwards reveals the secret of America's economic boom during the the FDR years ... [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]

the sound of revolution

In this seemingly unsafe world, wouldn’t it be refreshing, revitalising and more hopefully, revolutionary, for music to act as a pre-action to the threats of war, terrorism and scandal asked Miles Caston... [read more]

If markets weren't masters and economics worked for people

The choice on the one hand is for people to be a resource for a rich economy. The choice on the other is for a rich economy to be a resource for society. Alfie Stirling explains... [read more]

The Empire Trapped: The US’ Unpromising Role in the New Middle East

Since the Second World War, US foreign policy has been largely predicated on military adventures, by severely punishing enemies and controlling ‘friends’. Diplomacy was often the icing on the cake of war, writes Ramzy Baroud.... [read more]

Romnesia

The parasitical ultra-rich often deny the role of others in the acquisition of their wealth – and even seek to punish them for it, writes George Monbiot.... [read more]

Dance With the One Who Brung You

Protecting the environment, like protecting the welfare of a nation’s poorest and weakest people, requires a sweeping reform of political funding, on both sides of the Atlantic, writes George Monbiot.... [read more]

The Radical Alternative to Austerity

A message to all readers from Labour MP John McDonnell...... [read more]

Taking Another look at ‘Chavs’

Chavs by Owen Jones has rightly been lauded as an overdue rejoinder to the steady and near unstoppable denigration of the working class in Britain over the past three decades of unbroken Thatcherism, under both the Tories and New Labour, reviews John Wight.... [read more]

The great 'American' nightmare

Whilst some have gained much from India's economic boom, many have also lost out from the 'Americanisation of India'. Colin Todhunter discusses.... [read more]

How Independen​t Would An Independen​t Scotland Be?

Britain’s history of war and imperialism, and its current role as junior partner in service to US hegemony, has had a deleterious impact on British society at home, writes John Wight.... [read more]

Saltley Gate 1972

Terry McPartlan recalls how forty years ago coordinated and determined action by unions halted the Conservative government's plans to drive down living standards... [read more]

Boom at the top

At a time when the poorest are being hit hardest, W Stephen Gilbert comments on the obsence bonuses enjoyed by those at the top echelons of the financial sector and puts paid to the reasons most commonly used to justify such unfair practice.... [read more]

Modern Pauperism and its Consequences: A Dissenting View on the Riots in England (Part I of II)

The first part of an essay by Matthias Dapprich in which he adopts a class based analysis of the recent London riots. ... [read more]

Out of the Ashes

Now is the time to start planning for a new economy, not dependent on growth. ... [read more]

Thatcher and the Last Tory cuts

Eric Hollies puts today's coalition government in historical perspective by looking back on the brutal public spending cuts imposed by the Thatcher government.... [read more]

Britain's Coalition Government: Unleashing the Forces of Hell

It's now several weeks since the Tories swept into office, propped up by the Liberal Democrats. Chris Mason-Felsing looks at the story so far.... [read more]

Election 2010: A First-Time Voter's View

Chris Mason-Fielding voted in his first election on May 6th. He reflects on an entertaining and eventful campaign.... [read more]

Youth Unemployment - Nearly at the Million Mark

Steve Jones on the deteriorating state of the British economy under New Labour's so-called 'third way'.... [read more]

The Socialist Case Against The Cuts

Britain's three biggest parties are committed to massive spending cuts. Socialist Appeal's Mick Brooks challenges the mainstream consensus.... [read more]

Students - Join the Fight for Socialism

As the academic term begins in earnest, Socialist Appeal's Dan Morley outlines why students should join the struggle for socialism.... [read more]

£50bn Bail-out Will Not Stop the Rot

Socialist Appeal's Mick Brooks on the UK government's financial bail-out package.... [read more]

Financial Meltdown Deepens

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

Windfall tax: Good for the Country, Good for Labour

Zoe Gannon believes a progressive policy on taxation would help restore working-class support for Labour and revive the party's electoral prospects.... [read more]

Mind-Forged Manacles

Crime is down, convictions are down, but the prisons are bursting. Why?... [read more]

The End of "The End of History"

David Brandon examines the discredited view that world history came to an end when the Berlin Wall came down.... [read more]

Hay Festival Raises More Questions Than Answers

Matt Genner considers Naomi Klein's comments at this year's Hay Festival.... [read more]

Victory For Medvedev, But What Now For Putin?

Chris Bath considers the unresolved issues surrounding the recent Russian elections.... [read more]