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

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 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 Israeli Occupation: The Bubble Has to Burst

Reporting from Al Najah, Assed Baig looks at how Palestinians are coping with the increase in Israeli settlement building.... [read more]

Banks versus the People: The Underside of a Rigged Game! (Part 1)

Eric Toussaint looks at 2007-2012: Six years that shook the banking world... [read more]

Hedge Funds, Speculation and Capitalism

With market speculation very much in the news at the moment, Mick Brooks examines the phenomenon of the hedge fund, and its role in the current economic malaise.... [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]

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]

Back to Boom and Bust

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

Bank abuses in the real estate sector and illegal foreclosures in the United States

Part 2 in the series by Eric Toussaint - The banks and the “too big to jail” doctrine'... [read more]

A journey into the vice-ridden world of banking

The primary objective of the world’s leaders is to avoid another banking and financial crash that could be worse than the one in September 2008... [read more]

Universal Basic Income Is Easier Than It Looks

Calls for a Universal Basic Income (UBI) have been increasing, most recently as part of the “Green New Deal” introduced by Rep. Alexandria Ocasio-Cortez, D-N.Y., and supported in the last month by at least 40 members of Congress... [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]

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]

Rethinking Economics The Washington Consensus vs the Tokyo Consensus Background

On Tuesday 6 May 2014, I published a blog about ”Shimomuran Economics and the Rise of Japan”... [read more]

Why Not Create A Scottish Pound and Adopt Investment Credit Economics to Scotland’s Benefit?

On 21 February I sent an email to the Government of Scotland, suggesting it would be an immense advantage to the “Yes” campaign for Scottish independence if the Scots adopted a policy of having their own currency when independent... [read more]

An Extended Review of "Princes of the Yen" by Professor Richard Werner

George Tait Edwards reviews “Princes of the Yen”, the latest book written by Professor Richard Werner... [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]

The Shimomuran Economics Solution to the Western Economic Crisis

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

The Failure of Innovation in the Anglo-Saxon Economies

George Tait Edwards examines the role of innovation in economic development... [read more]

Euro zone crisis: A Green alternative

We are watching economic injustice crush a nation before our eyes. On 20 March, Greece must meet the next tranche of debt repayments,says Alfie Stirling.... [read more]

Bank Bailouts - Throwing Good Money After Bad

As the UK government plans further massive bank bailouts, Mick Brooks calls for the complete nationalisation of the banking industry.... [read more]

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]

Unprecedented!

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

The American Dream Is Alive and Well—in China

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks.... [read more]

Tulsi Gabbard Comes to San Francisco

“I'm running for president to be able to bring about this sea change in our foreign policy that is so necessary for us and for the world.”... [read more]

This Radical Plan to Fund the ‘Green New Deal’ Just Might Work

With what author and activist Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by Rep.-elect Alexandria Ocasio-Cortez, D-N.Y., appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop... [read more]

Against Da Law (Part 1)

What do you do if you’re the victim of injustice against major institutions, walled up behind teams of legal eagles whose expertise focuses first and foremost on closing ranks and damage limitations?... [read more]

Trump and the left – a case of mass hysteria?

The stark truth is that the left has long ago lost its way politically. Sadly those left fractions, whose kneejerk political solution is to organise an obligatory protest action where slogans, such as “Dump Trump”, are chanted ad nauseum, have become an obstacle to the advance of socialism... [read more]

The Health Of Humanity Post 2016

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

The Hungarian Revolution: 60 years on

On 23rd October 1956, political revolution against Stalinist dictatorship lept from the pages of Leon Trotsky’s writings and roared into life in Hungary.... [read more]

Service or Disservice?

The National Health versus The Health of the Nation by outRageous!... [read more]

The Left Will Only Win the Argument When It Takes Back Control of the Conversation

Let the Left fracture into smaller pieces, and then let it unite in a coalition determined to change the minds of the voters... [read more]

The European Central Bank’s true priorities

Part 7 in a series of articles by Eric Toussaint - Governments submit to “Too Big to Fail” banks ... [read more]

Health and Humanity Part 3: Charity Begins At Home

Increasingly, it appears charities and NGOs are behaving in a corporate fashion, which may or may not be a good thing.... [read more]

Mission Civilisatrice: Piketty et Houellebecq

We have so much to learn from the French. If only we could understand what they are saying half the time... [read more]

Has Jeremy Corbyn started the political conversation that England needs?

Many people, battered and depressed by the result of the general election cheered up when Jeremy announced he was entering the Labour leadership contest... [read more]

Nuclear Weapons and the Language of ‘Power’

Nuclear Weapons and the Language of ‘Power’. Or should that be the language of ‘assumed’ power?... [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]

The British Labour Party, The Northern Ireland Labour Party And The Scottish Referendum

Dr Chaminda Weerawardhana explains how the Scottish referendum exposes Labour’s inconsistencies on UK regions... [read more]

An Armed Ghetto

One side's terrorists are the other side’s freedom fighters. That is not simply a matter of terminology. It is a difference of perception, which has far-reaching practical consequences... [read more]

Banks: Fudged health report

The final part of the series by Eric Toussaint - Banks versus the People: the Underside of a Rigged Game!... [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 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]

Royal Mail Sell-Off Is British Politics At Its Worst

Last week the coalition government announced that they are going to float Royal Mail on the stock exchange, ending almost 500 years of the famous institution being government owned... [read more]

Elections in Norway

Patrizia Bertini speaks with Norwegian Labour Party politician Rudolph Brynn about the general election next week... [read more]

There is a war on ordinary people and feminists are needed at the front

The problem with media-run "conversations" on gender is not merely the almost total absence of male participants, but the suppression of class, writes John Pilger.... [read more]

Time for our unions to come to Spain’s aid

David Eade calls for a renewal of international solidarity to help Spain’s embattled workers... [read more]

The Implication of Syria's Civil Strife

Syria's Civil War is essentially a war between the majority Sunni Muslims and the minority Alawites (Shi'ites) who have ruled Syria for over 40 years. The result is a foregone conclusion. President Assad will lose and the Alawites will be ousted. Or will they? And before they do, what will be the price paid by others, asks Faysal Mikdadi.... [read more]

The Elephant is Still in the Room

The Republicans have no one to blame but themselves if they appear to be careering to electoral defeat, writes W Stephen Gilbert.... [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]

Election 2010: Whoever Wins, We Are in for Cuts

Decades of compromise have left the Labour party unfit to meet the challenges of the present crisis, writes John Green.... [read more]

Our Hollowed Out Democracy

Thus far, the Tory and Labour election campaigns have been a showcase of the hypocrisy at the heart of British politics, writes Richie Nimmo.... [read more]

Bye Bye, Dubai?

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

Economic Crisis and Political Alienation

Lack of popular participation in the political process is both a cause and an effect of the present crisis, as Rick Wolff explains.... [read more]

Wobbly Stools

Uri Avnery considers the respective struggles facing three embattled leaders - Obama, Netanyahu and Abbas.... [read more]

The Great Cop-Out

Impeded by Gordon Brown, the G20 has decided that bankers won’t be properly regulated, as George Monbiot explains.... [read more]

Green Shoots of Economic Recovery?

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

Bail-out Blackmail

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