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What can we do with what Thomas Piketty teaches us about capital in the twenty-first century? (Part 2 of 2)

Part 2 of Eric Toussaint's review of Thomas Piketty book Capital in the Twenty-First Century... [read more]

Haitian Tragedy and White Man’s Burden Redux

International reaction to the catastrophe in Haiti has had a distinctly neo-colonial flavour, says Ben Selwyn.... [read more]

Regulation Is Killing Community Banks – Public Banks Can Revive Them

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.... [read more]

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]

Silver Foxes

Tally and also Ho! Sound the horn, unleash the hounds. We must arise and protest that flimsy Tory manifesto. Not because it goes too far. Nope, it just doesn't go far enough.... [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]

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]

The War on the Post Office

The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.... [read more]

Student Debt Slavery II: Time to Level the Playing Field

The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away.... [read more]

Class Before Nation : Reject the SNP Budget and Prepare for the Battle Against Scottish Austerity

On December 14 the Scottish National Party (SNP) Finance Minister, Derek Mackay presented to the Scottish Parliament the Scottish Government’s budget for 2018-19.... [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]

In the Panama Capers we Trust

The leaked Panama Papers, from the Panamanian law firm Mossack Fonseca & Co, are spilling the beans on the details of what the rich, powerful and greedy get up to with unseemly amounts of dosh... [read more]

Hang On to Your Wallet: Negative Interest, the War on Cash and the $10 Trillion Bail-In

In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?... [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]

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]

The Divine in Man

A work by the Palestinian poet, writer and artist, Dr Faysal Mikdadi... [read more]

Bankocracy: from the Venetian Republic to Mario Draghi and Goldman Sachs

From the 12th century to the beginning of the 14th, the Knights Templar, present in much of Europe, had become the bankers for the powerful and had taken part in the financing of several crusades... [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]

Greece's Big Smog: Neoliberal austerity, public health, and the environment*

Neoliberal austerity in crisis-torn Greece has a significant implication for public health and the environment. The disturbing reality is that the unbearable cost of heating oil for a large portion of the country's population has led to an increased use of solid fuel heating, writes Ilia Xypolia.... [read more]

Budget for Bosses: Workers under Attack

Socialist Appeal's Steve Jones reflects on George Osborne's emergency budget.... [read more]

The Price of Free Speech

A grotesque case of legal bullying using a 13th-Century law shows that in some respects we still haven’t shaken off feudalism.... [read more]

38 Reasons to Cancel the “Kosova e Re” Power Plant

On 20 December 2017, then Minister of Economic Development Valdrin Lluka signed an agreement with ContourGlobal, an American company, to build “Kosova e Re”, a 500 MW coal-fired power plan... [read more]

The Disaster of Negative Interest Rates

The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory.... [read more]

The Key to a Sustainable Economy Is 5,000 Years Old

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid... [read more]

Short Essay on the Greek Crisis

This short essay is a study of the history and politics of the Greek Crisis... [read more]

The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt

The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019... [read more]

The Secret to Funding a Green New Deal

As alarm bells sound over the advancing destruction of the environment, a variety of Green New Deal proposals have appeared in the U.S. and Europe... [read more]

The Financial Secret Behind Germany’s Green Energy Revolution

Funding through the Federal Reserve may be controversial, but establishing a national public infrastructure and development bank should be a no-brainer.... [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]

Alcohol: Why do we drink?

Alcohol consumption is one damaging effect among many that flow from this dominant socio-economic system... [read more]

What's the Big Idea?

A little riddle for your amusement. It has more to do with class capitalism than you might suppose... [read more]

From Afghanistan to Anantnag via Abbotabad (Part 3)

On May 2, 2011 Pakistani military cadets at the Kakul Academy in Abbotabad, Pakistan woke up to an approaching juddering sound.... [read more]

Fox in the Hen House: Why Interest Rates Are Rising

The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?... [read more]

How Uncle Sam Launders Marijuana Money

In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits.... [read more]

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.... [read more]

A History of Idiocy

I am furious. And I have good reason to be furious.... [read more]

Scottish Left On The Eve of the Centenary of Bolshevik Revolution

Scottish coordinator for ICOR, Amjad Ayub Mirza looks at the effects of revisionism and reformism on Scottish left politics... [read more]

Transaction Analysis

Baffled? Confused? Me too!... you, too?... [read more]

Random Arrows and a Big Fist: Noam Chomsky Discusses Trump, Russia, the Middle East and Latin America

A few months ago, I interviewed Noam Chomsky as part of our new book Voices for Peace: War, Resistance and America’s Quest for Full-spectrum Dominance... [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]

Trumpism and the Working Class

Trumpism is not a uniquely American phenomena. It is the local variant of an ultra-right anti-establishment ideology that has a worldwide manifestation... [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]

Power Will Be Restored

Would or could a different leader of this or that have altered the prospect of past, present or future... [read more]

Self, Celebrity, Debt And Sport

"Whenever you find yourself on the side of the majority it is time to pause and reflect" Mark Twain... [read more]

Tata Steel

Former Labour shadow cabinet minister, Bryan Gould, explains the consequence of the decline of British manufacturing is that we have run a perennial trade deficit in every year since 1982... [read more]

The Left Case For Brexit

Former Labour shadow cabinet minister, Bryan Gould, puts forward the left wing case for Brexit... [read more]

EU - Should we stay or should we go?

Former Labour shadow cabinet minister, Bryan Gould, questions the economic benefits Britain supposedly derives from being part of the EU... [read more]

Iraq: US, UK Fabricated WMD Threat

The scorched earth onslaught of 2003 and subsequent years of bombings brought further radioactive pollution in orders of magnitude. The US is now bombing again.... [read more]

Just A Ride

The Wachowski Brothers’ 1999 Film 'The Matrix' centres upon the concept that the modern world may not be all we perceive it to be... [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]

Together

"You've got a swarm of people coming across the Mediterranean seeking a better life, wanting to come to Britain" David Cameron ... [read more]

Ideological reforms vs Greek democracy

Bryan Gould, former Labour shadow cabinet minister, explains how Europe is witnessing a triumph of ideology over common sense ... [read more]

A Gerrymandered Election and A Flawed Mandate

To the great puzzlement and consternation of pundits and pollsters, the British general election produced what seems a great democratic victory for the Conservative party... [read more]

Derailing Amtrak

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

Iraq: The Destruction of Nineveh’s History – Murdering Mesopotamia

March 19th commemorates the twelfth anniversary of the beginning of the destruction of Iraq... [read more]

Economic Policies for an Incoming Labour Government (Part 1 of 9)

The Coalition Government’s Failed Austerity Programme... [read more]

Education, Education, Deprivation

If you were a university student at any time from 1962 to 1989, you received a maintenance grant; it started off at a little under £400 p.a. and reached £1,430 in 1980... [read more]

The War on Terror and the Terror of War

The vicious cycle of state and individual terror continues unabated. Marxists have long explained that imperialism and Islamic fundamentalism are two aspects of the same reactionary phenomenon—the decay and decline of capitalism—which threatens to take the whole of humanity down with it.... [read more]

The Big Banks Organise Massive Tax Evasion on an International Scale

Part 7 of Eric Toussaint's series 'The banks and the “Too Big to Jail” doctrine'... [read more]

Would Scottish Independence Mean Economic Sovereignty?

Scottish voters will go to the polls on September 18th to decide whether Scotland should become an independent country... [read more]

Genocide in Gaza – The Silence of the Jewellery Industry is Deafening and Telling

The horrific carnage we have seen unleashed in Gaza in recent weeks - a humanitarian catastrophe - would not have been politically or economically affordable without the tacit acquiescence of the global jewellery industry... [read more]

Goal Moscow

The USA wants to turn Ukraine into a permanent area of crisis, keeping it just off the boil of war. In this way Russia will feel threatened... [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]

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]

Bank Created Credit

Former MP and member of the Labour shadow cabinet, Bryan Gould, explains how orthodox monetary policy is fundamentally misconceived... [read more]

Warren’s Post Office Proposal: Palast Aims at the Wrong Target

Investigative reporter Greg Palast is usually pretty good at peering behind the rhetoric and seeing what is really going on. But in tearing into Senator Elizabeth Warren’s support of postal financial services, he has done a serious disservice to the underdogs... [read more]

Tony Benn A Great British Thinker

Tony Benn, the former British MP known to millions, has passed away at the age of 88. He died peacefully on 14 March 2014 at home surrounded by his family... [read more]

The Benefits Claimants the Government Loves

Uncapped, almost unconditional, the vast sums of public money we give to farmers buy only destruction, writes George Monbiot.... [read more]

The Benefits Claimants the Government Loves

Uncapped, almost unconditional, the vast sums of public money we give to farmers buy only destruction, writes George Monbiot.... [read more]

From Austerity to Prosperity: Why I Am Running for California Treasurer

Welfare payments, health care for the poor, and benefits for the elderly and disabled have been slashed. State workers have been downsized... [read more]

The Disenchantment Of British Voters With Democracy

Former MP and member of the Labour shadow cabinet, Bryan Gould, explains the need for politicians to restore public faith in the value of government and democracy in order to cure voter disaffection ... [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]

Aiming At The Wrong Target

Former Labour cabinet member, Bryan Gould, takes to task recent comments made by Shadow Secretary of State for Work and Pensions, Rachel Reeves on the subject of the unemployed... [read more]

Greek Capitalism at a Critical Point

Greek capitalism continues to be the weak link of the Eurozone as it is still under the “intensive care” of the EU support mechanisms for the fourth consecutive year and is in recession for the sixth consecutive year... [read more]

An Economic Policy For A Post Neo-Liberal World (Part 3 of 3)

Former Labour MP and member of the Shadow Cabinet, Bryan Gould, provides a road map for reviving Britain's ailing economy... [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]

Ensuring Scottish sovereignty

Ellen Brown discusses options for economic development in a future independent Scotland... [read more]

Australia and Asylum Seekers: Media Perspectives

The issue is not 'boat people' but imperialist expansion explains Finn Bowen ... [read more]

The development of the European social models

The 19th century in Europe saw the development of philosophical, political and economical theories that challenged and questioned the political structure of the time (Part 1).... [read more]

Police & Crime Commissioners and the Tories

The chaotic and rambling drumbeat of the Tory march has been laid bare for the questioning ears of the world once more, says Karl Davis... [read more]

Call Mr Robeson – a Life with Songs

John Green writes about the life and work of one of America’s greatest singers who was ‘disappeared’ from public life and airbrushed out of the history books... [read more]

Hooked On Treachery

Edward Bernays is known as the father of modern advertising/propaganda. Colin Todhunter emphasises and how we must and indeed can break free of the addictions and fears being promoted daily.... [read more]

The Russian Revolution and its relevance today

In 1920 Lenin expressed his views on the international significance of the Russian Revolution. A lot of water has gone under the bridge in the last 92 years. Thomas Riggins asks are any of Lenin's views on this issue relevant today?... [read more]

The Radical Alternative to Austerity

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

The state of Alternative comedy

This year Britain’s king of alternative comedy, Billy Connolly, hits 70-years-old. Still alive and kicking. But is the notion of alternative comedy dead asks Miles Caston.... [read more]

What's behind Kony 2012?

Eugene Puryear describes some of the hidden motivations to bringing Joseph Kony, leader of the Lord's Resistance Army, to justice... [read more]

The State of Racism in Britain

UK society is dead. Or that is what its detractors would like you to think. Many will point the finger not at our leaders or themselves but towards those who they believe don’t belong here - immigrants and asylum seekers, writes Chris Bath.... [read more]

Slavery for Dummies- Part three

The third and final part of an analysis by OutRageous! looking at the slavery endemic in our modern society. ... [read more]

Why I think students fees are a good thing...

In an ideal world (one in which The X Factor is but a terrible dream, foisted upon us by a vengeful Satan), students wouldn't have to pay tuition fees, says Chris Mason-Felsing.... [read more]

UK Riots: Crackdown will solve nothing

As expected the state is warming to the task of cracking down hard, as they like to put it, on looters/rioters past, present and future. Cameron and May have been strutting around talking tough about what they are going to do. ... [read more]

Bewildering Times!

From student fees to taxes, the Liberal Democrats are increasingly being seen as cheerleaders for hard-line Tory policies, writes Chris Mason-Felsing.... [read more]

Professor Nutt Urges New Thinking on Drugs

As the controversial medical expert David Nutt finds himself back on the news agenda, Tom Bangay considers the vexed question of drug law reform.... [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]

Teachers' Union Opposes Government's 'Licence to Teach' Proposal

The government's plan to impose a 'licencing' system on the teaching profession is bureaucratic and unworkable, says Christine Blower.... [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]

Book of the Month: "Feminism and War: Confronting US Imperialism"

Nathaniel Mehr reviews this month's recommendation.... [read more]

Interview: Greg Maughan, Campaign for a New Workers' Party

Cristina Brooks spoke to Greg Maughan of the Campaign for a New Workers' Party about his views on recent developments in the economic sphere.... [read more]

Book Review: Frank Ackerman, "Can We Afford the Future?"

Matt Genner on a new book which debunks the economic myths around global warming.... [read more]

Ecuador Pushing to Break Free from the Cycle of Debt

Samuele Mazzolini examines a bold new intiative from the Ecuadorean government, aimed at establishing a coordinated transnational policy among debtor nations with respect to the crippling debt burdens that are stifling progress in the developing world.... [read more]

US-Led Invasion Has Brought Destruction and Pillage to Iraq's Cultural Sites

Hussein Al-Alak on the callous destruction of Iraq's rich cultural heritage since the invasion of 2003.... [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]

Bail-out Blackmail

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

Heathrow AirTrack Scheme to Ease the Burden on Commuters

Demetrius Notice argues that BA's new Airtrack railway project will benefit commuters.... [read more]

Brown's Failure to Pursue a Progressive Policy on Taxation is Alienating Labour's Core Support

Matt Genner believes the Tories' local election success shows Gordon Brown must be bolder.... [read more]

Obama > Clinton

The US Democratic Party needs a backbone.... [read more]

How To Solve A Problem Like Auschwitz

The British government plans to educate children about the horrors of mass murder by sending them to visit the Auschwitz death camps.... [read more]

Brown's Taxation U-Turn Shows Labour Is In Thrall To Big Business....Again

Labour's U-turn on non-domicile tax threatens their credibility and electoral prospects.... [read more]