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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]

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]

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]

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]

The Many Major Uses of Investment Credit Creation: A brief walk through the observed results so far, and the future possibilities made available through Shimomuran Economics

Money is the measure of all things and personal wealth sets the boundaries of what the individual and his or her family can afford... [read more]

An Anti-Austerity 2015 UK Budget

George Tait Edwards explains how Shimomuran-Wernerian macroeconomics is the best available path to prosperity once the politicians of the West understand the effectiveness of that option... [read more]

Comparison of the Washington, Berlin, and Tokyo Consensus Zones -Which one really works?

George Tait Edwards compares three separate economic systems presently operating around the world... [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 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]

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]

The Origin and Spread of Investment Credit Economics

George Tait Edwards provides a brief timeline about the creation and spread of the new knowledge about how to make an economy grow with explosive force ... [read more]

Nations Get what their Financial-Industrial Systems Deliver: A Comparative Analysis of Three Different Groups of Financial-Industrial Systems

George Tait Edwards compares three different financial-industrial systems and considers the merits of each model... [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]

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]

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]

The Key Relevance of the Writings of Professor Kenneth Kenkichi Kurihara

George Tait Edwards explains how the writings of economist Kenneth Kurihara serve as the gateway to understanding Shimomuran high-growth economics ... [read more]

The Alternative 2013 Spending Review, Or What Mr Osborne Could Have Said If He Understood Macro-economics

The Spending Review by George Osborne contained no surprises. But suppose Mr Osborne really understood economics and actually wanted to improve the British economy. George Tait Edwards provides a constructive speech for a competent chancellor... [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]

The Failure of Innovation in the Anglo-Saxon Economies

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

The Public Debt of Japan and China – Funded by Investment Credit Creation or by Foreign Borrowing?

Economist George Tait Edwards puts paid to rumours of impending financial crises in Japan and China... [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]

“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]

Economic Policies for an Incoming Labour Government (Part 6 of 9)

The No-Cost Keynesian Stimulation of Demand in the Economy ... [read more]

Economic Policies for an Incoming Labour Government (Part 5 of 9)

The Two Great Traditions in Western Economic Thinking ... [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]

The Origin of Shimomura’s Japanese Economic Miracle, or the Second Economic Bomb - Japan from 1946 to 1965 (Economic miracles Part 2)

Japan was the first Asian country to demonstrate how a self-confident culture, with adequate leadership, could rapidly adopt Western industrial technologies while preserving the integrity of their domestic cultural legacy... [read more]

An Economic Policy For A Post Neo-Liberal World (Part 2 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]

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]

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]

Economic Policies for an Incoming Labour Government (Part 7 of 9)

The Re-Establishment of British Banks Along Four Main Functional Lines... [read more]

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

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

Unprecedented!

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

Central Bank Digital Currencies: A Revolution in Banking?

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies... [read more]

The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system... [read more]

The Impunity Enjoyed by the Banks must Stop

The final part of the series by Eric Toussaint - The Banks and the “Too Big to Jail” Doctrine... [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 Master Economist Dr Osamu Shimomura - Probably the Greatest Economist of the 20th Century After John Maynard Keynes

George Tait Edwards discusses the immense contribution that Dr Osamu Shimomura (1910-1989) made to the field of economics... [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]

What is to be Done with the Banks? Radical Proposals for Radical Changes

Immediate measures for moving towards socialisation of the banking sector... [read more]

“Guerrilla Warfare” Against the EU-ECB-IMF Economic Hegemony: The Challenge and Promise of Greece. The Nationalization of the Banking System

Greece could restore the liquidity desperately needed by its banks and economy by nationalizing the banks and issuing digital loans backed by government guarantees... [read more]

Economic Policies for an Incoming Labour Government (Part 4 of 9 - Shimomuran Economics

Bryan Gould and George Tait Edwards describe Shimomuran Economics... [read more]

Common Factors in Cases of Economic Resurgence

Successive British Governments have persistently denied the importance of industry in the national economy, with some of ministers foolishly regarding industrial decline as inevitable writes George T Edwards... [read more]

An economy ruled by the mob

It is not easy for any of us to get our heads around the complexities of modern economics. Many capitalists themselves and certainly most politicians no longer understand how the system really works... [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]

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]

Money for the People: Grillo's Populist Plan for Italy

Comedian Beppe Grillo was surprised himself when his Five Star Movement got 8.7 million votes in the Italian general election of February 24-25th... [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]

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]

The Populist Revolution: Bernie and Beyond

The world is undergoing a populist revival. From the revolt against austerity led by Syriza to Jeremy Corbyn’s surprise victory as Labour leader... [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]

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]

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]

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]

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]

Reinventing Banking: From Russia to Iceland to Ecuador

Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself... [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]

The Mockery of Banking Discipline

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

A Critique of the analysis of Karl Marx within the BBC’s ‘Masters of Money’ Series

David Benbow critiques the BBC's ‘Masters of Money’ episode, aired last year, that focused on the economic theories of Karl Marx... [read more]

The Banker who knows his Kapital

John Green translates and reflects on an interview with Edgar Most formerly of Deustche Bank and of the GDR State Bank, where he considers capitalism vs. socialism.... [read more]

Crisis: The Worst Since the 1930s

Michael Roberts argues the present economic slump is merely the first stage of a long-term deflationary depression.... [read more]

The Working Class Must Not be Left to Pay for Wall Street Mess

Socialist Appeal's Walter Leon on the far-reaching implications of the financial crisis. ... [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]

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]

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]

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]

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]

Western Economic Decline Exists Because Western Economists And Politicians Have Ignored Shimomuran Economics. How Long Will the West lag behind?

The second most important economist of the 20th century (after John Maynard Keynes) was Dr Osamu Shimomura, the “Father of the Japanese Economic Miracle” ... [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]

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]

The Crime of Alleviating Poverty: A Local Community Currency Battles the Central Bank of Kenya

Ellen Brown reports on how former Peace Corps volunteer Will Ruddick and several residents of Bangladesh, Kenya, face a potential seven years in prison after developing a cost-effective way to alleviate poverty in Africa’s poorest slums... [read more]

Ensuring Scottish sovereignty

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

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]

Tory austerity has killed more people than ISIS: Austerity as State-terrorism

Islamic State is frequently referred to as the biggest threat facing Britons. But an even bigger one, in terms of death and social division, is austerity... [read more]

The big private banks run on LTRO

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

BCE / LTRO: what’s that ?

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

A major factor in Jeremy Corbyn’s appeal to voters

It is Labour’s long-standing support for, and failure to challenge, the central tenets of neo-classical orthodoxy that has disabled any challenge they have tried to make to any other aspect of the Tory progamme... [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]

Fast-track Hands the Money Monopoly to Private Banks — Permanently

In March 2014, the Bank of England let the cat out of the bag... [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]

So you want to help Africa Owen Paterson? Then stop promoting ideology and falsehoods to push GMOs

Former UK Environment Minister Owen Paterson this week accused the European Union and Greenpeace of condemning people in the developing world to death by refusing to accept genetically modified crops... [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]

A Slow-Burning Revolution‏

Former MP and member of the Labour shadow cabinet, Bryan Gould, details the beginnings of a paradigm shift in economic thinking... [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]

Banks bluff in a completely legal way

Part 8 of Eric Toussaint's series Banks Versus The People: The Underside Of A Rigged Game!... [read more]

Another Keynes was Born and Lived and Died in Japan and The West Didn’t Notice

Another Keynes was born in the Saga Prefecture in the north west part of the island of Kyushu, Japan, in 1910 ... [read more]

Making the World Safe for Banksters: Syria in the Cross-hairs

In an August 2013, journalist Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street ans US Treasury officials to open banking to the lucrative derivatives business... [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]

An Economic Policy For A Post Neo-Liberal World (Part 1 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]

Universal Credit: UC what U want 2C

The Major Projects Authority has serious doubts about the prospects for Iain Duncan Smith’s pet project, the Universal Credit, says Felix McHugh... [read more]

Growth Comes with Jobs, Innovation and Access to Credit

David Eade talks to Parti Socialiste MP Axelle Lemaire about French President François Hollande budget for 2013... [read more]

Poor's show

Ever since the decline of European Socialism in the 1980s and the collapse of the Soviet Union in the ’90s, capitalism has considered itself king of the world and has behaved accordingly, says W Stephen Gilbert.... [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]

Al Arabiya’s piracy and journalism’s codes of ethics

Iqbal Tamimi on the rights of journalists and photographers and the attempts by major news organisations to ride roughshod over them.... [read more]

Why No Government Jobs Program?

Rick Wolff on the Obama administration's weak response to the economic crisis.... [read more]

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

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

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]

Why Donald Trump Is Right To Look East

The investment potential of the Russian economy offers good reasons why it is time for the West to take a more positive attitude towards the country. The President-elect might be doing everyone a favour in the long run, David Morgan argues.... [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]

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]

A True Defence of European Ideals Demands Opposition to the Corrupted Power Alliance of the EU

Washington is eagerly awaiting the result of the British referendum on the European Union and is openly seeking to influence the vote... [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]

United-States : the Fed Bails Out Wall Street

Part 4 of Eric Toussaint's series: Governments submit to “Too Big to Fail” banks... [read more]

A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis... [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]

A poem for The Great Shimomura

There once was a man who had a plan to double the income of Japan... [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]

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]

To pay or not to pay?

Joseph Stiglitz shows that a suspension of debt repayments can be beneficial for a country and its people... [read more]

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken... [read more]

What’s in your sack, Father Christmas?

What’s in your sack, Father Christmas?... [read more]

To Smash or be Smashed? Lenin's Theory of the State

In Chapter Two of State and Revolution, Lenin discusses the lessons of the European revolutionary movement of 1848-51... [read more]

A Modest Proposal for the Improvement of the Younger Generation

It is a most distressing sight to see various education ministers and other self seeking professionals falling over each other to gain credit at the expense of so many poor teachers and their most unfortunate children... [read more]

The Major Policy of the Current Coalition Government is NOT Fiscal Balance But an Increased Rate of Income Shifting From Wage Earners to the Pockets of the Already Rich

The policy of the Coalition Government is not the much-trumpeted and unachievable aim of a balanced budget but the deliberate lowering of median British living standards and the production of more poverty... [read more]

Martial Law and the Economy: Is Homeland Security Preparing for the Next Wall Street Collapse?

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup, writes Ellen Brown... [read more]

China’s All-Inclusive Economic Miracle: The Third Economic Bomb

George Tait Edwards explains China's recent economic success by examining its past history... [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]

Eight Questions for Western Government Economic Advisors

Economist George Tait Edwards MBE asks Western economists eight direct questions... [read more]

The End of Money

It’s Time to End Our Slavery to the Money-System declares Oliver Thompson ... [read more]

A long and dishonourable tradition

George Osborne may be just about the last person in Britain to believe that austerity offers a real path to recovery from recession and the resumption of growth - and it may be doubted that even he remains a true believer, writes Bryan Gould... [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]

Trashy beauty queens and the men who rule the world

In 1864, Abraham Lincoln wrote a letter that predicted where the US was heading - the world he warned about is the world we now have as bankers control the money supply having the power to make or break nations. Colin Todhunter explains ... [read more]

Assassinating Egyptian Dreams

Ahmed Amr reveals how the Egyptian military are suffocating the spirit of the Tahrir square revolution... [read more]

The Truth About the Situation in Libya

As Colonel Gaddafi’s regime enters its final days, Brian Becker looks at NATOs involvement in bolstering the rebel movement and the truth behind the so called campaign of ‘humanitarian intervention’ ... [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]

Defending the NHS Against Privatisation: John Lister talks to London Progressive Journal (Part Two)

The second part of Tomasz Pierscionek's discussion with prominent anti-privatisation campaigner John Lister.... [read more]

Venezuela: US Criticisms of Venezuelan Arms Purchases Lack “Moral Weight”

James Suggett on the uncompromising Venezuelan response to US criticisms of recent arms purchases from Russia.... [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]

Gordon Brown and "Light Touch" Regulation

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

After the Crash of 2008, Who Owns the Progressive Future?

Jonathan Rutherford on how the current economic crisis has highlighted the iniquities intrinsic to capitalist society.... [read more]

The Bailout: A Reality Check for America

Safreena Rajan on why the present recession is a damning indictment of the incompetence of the Bush administration.... [read more]

Back to Boom and Bust

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

Poor get Hit as Business Walks Free

Rob Ray on why the Treasury won't plug the holes in the UK tax system.... [read more]

Making a Killing from Hunger

Leading NGO GRAIN on why we need to overturn food policy.... [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]

Political commentators

Political commentators have long been puzzled by the fact that, right across the globe and for several decades, the political left has been in retreat and – more than that – has apparently been unable to mount any significant challenge to the growing neo-liberal hegemony which has dominated western democracies since the 1980s... [read more]

1945

1945 is a sacred year in Labour mythology... [read more]

Palestine's Nelson Mandela

Divide et impera – "divide and rule" – since Roman times this has been a guiding principle of every regime that suppresses another people. In this the Israeli authorities have been incredibly successful.... [read more]

A Word About Fidel

Fidel – a revolutionary hero to some, a ruthless tyrant to others. Why, we must ask, should the question be posed in terms of such polarity?... [read more]

Corbyn versus the Consensus

In any political movement there is a tension between what is desirable and what is possible... [read more]

Can Jill Carry Bernie’s Baton?

Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate... [read more]

Turkey’s Attempted Coup - Cui Bono?

“The individual is handicapped by coming face to face with a conspiracy so monstrous he cannot believe it exists.” (J. Edgar Hoover, Elks Magazine, August 1956).... [read more]

The Orange Man

So here we are. Either Donald Trump or Hillary Clinton will be our next president... [read more]

Just a Trick

This peace process is like a sleeping dog. A dangerous dog. While it sleeps, Netanyahu can get away with everything... [read more]

An Incongruous UN Humanitarian Summit in Istanbul

President Erdogan should not have the honour of hosting the first ever United Nations World Humanitarian Summit... [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]

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends... [read more]

Ukraine, the price of survival: from civilian aircraft to attack drones

The Ukrainian aviation conglomerate Antonov was more than an industry; it was a legend... [read more]

The Scottish Industrial Revolution, or The Scottish First Industrial Miracle 1700–1800

Most accounts of the origins of the industrial revolution are Anglo-centric, focused upon how the industrial revolution in England began from about 1750... [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]

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]

Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal

British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time... [read more]

Part 3 of the series Governments submit to “Too Big to Fail” banks

Private banks shamefully enjoy a monopoly of lending to the public sector... [read more]

Greece: Alternatives to the Capitulation

On 5 July 2015 the Greek people overwhelmingly rejected the austerity measures imposed by the institutions that were known as the Troika... [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]

Derailing Amtrak

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

The Messiah Hasn't Come

As the American saying goes: "Today is the first day of the rest of your life."... [read more]

The Left, Anti-Zionism & Anti-Semitism

For those of us who study Israel and Zionism from the vantage point of Britain, there are some things we are able to predict with unerring accuracy... [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]

The Son of my Eyes

Ruvi Rivlin, who was recently elected to the high but largely ceremonial post, is far from being a leftist... [read more]

Big banks’ tampering with interest rates

Part 5 in the series by Eric Toussaint - The banks and the “too big to jail” doctrine... [read more]

The Pen Trumps the Sword Anytime (Part 3)

The third part of an 'Introduction' to an illustrated book of poetry by Faysal Mikdadi. The collection, Painted into a Corner, appeared in the summer of 2014... [read more]

Growth: the destructive god that can never be appeased

The blind pursuit of economic exapansion stokes a cycle of financial crisis, and is wrecking our world. Time for an alternative, writes George Monbiot.... [read more]

‘Cleansing the stock’ and other ways governments talk about human beings

Those in power don’t speak of ‘people’ or ‘killing’ – it helps them do their job. And we are picking up their dehumanising euphemisms, writes George Monbiot.... [read more]

Son of Death

The war was over. Families returned to their kibbutzim near Gaza. Kindergartens opened up again. A ceasefire was in force and extended again and again. Obviously, both sides were exhausted.... [read more]

The Failure of Western Neoclassical economics - Invention without innovation results in increasing poverty

Many individuals in the Western nations are still great at invention, but innovation — defined as the transfer of these inventions to the factory floor — has generally failed in the West... [read more]

Sovereignty of Self-Governed Cities and Abolition of National States and Capitalism

The second in the series of articles by Steven Colatrella titled 21st Century Cosmopolis: Constitution for a Better World... [read more]

Which way forward for Cuba?

Recently a young worker and member of the Leeds Marxist Society, Ben Curry, travelled to Cuba as an international delegate to the May Day celebrations. We publish below his thoughts on what is happening in Cuba... [read more]

Sisyphus Redeemed

If there is a God, he surely has a sense of humor. The career of Shimon Peres, who is about to finish his term as President of Israel, is clear evidence... [read more]

A strategy for improving economic performance

Former MP and member of the Labour shadow cabinet, Bryan Gould, discusses a strategy for improving economic performance and addressing inequality... [read more]

Capitulating To Monsanto And Wall Street: What Future India?

The Indian Oil and Environment minister has added fuel to the debate about genetically modified organisms (GMOs) by approving field trials of 200 GM food crops on behalf of companies like Monsanto... [read more]

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]

What can we do with what Thomas Piketty teaches us about capital in the twenty-first century?

Part 1 of Eric Toussaint's review of Thomas Piketty book Capital in the Twenty-First Century (Part 1 of 2)... [read more]

Pakistan, terrorism and torture: How I was radicalised by the state

Mohammad Yahiya shares his personal experience of state terrorism and torture in this article... [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 JFK Conspiracy Theories and Why they Still Matter Today

It is now fifty years ago, come November 22nd, that John F Kennedy was assassinated in Dallas in an event that had a huge bearing on the course of history from that day on... [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]

Workfare: Hardly Fair

Workfare has been in the news again this week. The Supreme Court ruled for Cait Reilly and against the DWP on three out of four counts, and yet IDS declared that the Department had "won" the case... [read more]

The Culture of Blame Will Get Us Nowhere

Dr Faysal Mikdadi challenges the culture of blame associated with the long running conflict between Palestinins and Israelis ... [read more]

De Blasio and the Sandinistas

According to a recent article in the New York Times two of the candidates running for mayor of New York have become alarmed about the worldview of Bill de Blasio, the front running candidate of the Democratic Party... [read more]

Banks versus the People: the Underside of a Rigged Game! (Part 3) - The greatest offensive against European social rights since the Second World War

We should not underestimate the capacity of the elites to make the most of a crisis situation writes Eric Toussaint... [read more]

How we are gentrified, impoverished and silenced – if we allow it

Momentous change almost always begins with the courage of people taking back their own lives against the odds, writes John Pilger.... [read more]

Who Turned the Lights Off?

Thomas Riggins reviews Jonathan Israel's analysis of Anthony Pagden's new book - The Enlightenment and why it still matters... [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]

Together, We Can Save Our Post Office

For 20 years, central government has been privatising the postal service by stealth. In reaction, the idea of mutualisation does the rounds, writes David Lindsay.... [read more]

Together, We Can Save Our Post Office

For 20 years, central government has been privatising the postal service by stealth. In reaction, the idea of mutualisation does the rounds says David Lindsay... [read more]

Peter Tatchell - Margaret Thatcher: Extraordinary but heartless

Former British Prime Minister's fee market policies paved the way for current economic crisis and she legislated the UK’s first new anti-gay law in over 100 years: Section 28, writes Peter Tatchell, Director, Peter Tatchell Foundation.... [read more]

A Capitalist Command Economy

Forcing schools into the hands of unelected oligarchs is the latest contradiction of everything the market fetishists claim to stand for, writes George Monbiot.... [read more]

Lessons and Conclusions from Lenin's Left-Wing Communism: an Infantile Disorder

Thomas Riggins concludes his analysis of Lenin's 'Left-Wing' Communism: an Infantile Disorder and looks at what conclusions can be drawn from the book's previous nine chapters... [read more]

Who to vote for?

The Israeli elections will take place in three days, and they are boring, boring, boring writes Uri Avnery... [read more]

Book review: The Contradictions of Real Socialism

David Lane reviews The Contradictions of Real Socialism, a book by Michael A Lebowitz... [read more]

The year of cataclysm for the NHS

It has been a big year for the English health service, for the wrong reasons. With so much happening so fast, Alex Nunns of the NHS Support Federation pulls together the strands to explain what is really going on in the NHS... [read more]

The internet- Plutocracy's Achilles' Heel?

Ironically Capitialism's well founded fear of unfettered public access to matters of vital importance stems from the advent of the internet, writes Jim Handley... [read more]

Lenin on Anarchism and Opportunism: Chapter Four of 'Left Wing' Communism: An Infantile Disorder

Thomas Riggins gives an analysis of Chapter Four of Lenin's 'Left Wing' Communism: an Infantile Disorder and describes the Bolsheviks' struggle against both 'opportunism' and 'petty-bourgeois revolulutionism'... [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]

The Global Economic Crisis and ‘Possible Futures’

David Lane reviews a collection of three volumes compiled by Craig Calhoun and Georgi Derluguian chronicling the origins and aftermath of the global financial crisis... [read more]

Camping Needs Solid Ground

LPJ's arts correspondent and resident philosopher, Stephen Gilbert, comments that an emphasis on celebrity is the prevailing television flavour of the age, infecting every genre of programming, whether appropriate or not... [read more]

A Manifesto for Psychopaths

Ayn Rand’s ideas have become the Marxism of the new right, she may have died 30 years ago but the belief system constructed by her has never been more popular or influential, says George Monbiot. ... [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]

Lies, Damned Lies and Opinion Polls

Stephen Gilbert challenges the so called 'accuracy' of ICM opinion polls and shows how Labour continues to miss classic opportunities to rebut Conservative policy. ... [read more]

Why Miliband and Balls have got it wrong

The capitulation by Labour to the austerity and cuts agenda of the Tories and the right-wing press has been confirmed by shadow chancellor Ed Balls' statement that Labour would not be able to reverse the Tory cuts and would maintain the pay freeze within the public sector if they come to power at the next election, says John Wight.... [read more]

A Ghost Story Retailed

W Stephen Gilbert delivers an up-to-date, state and fate of the retail trade in Britain, it is partly warmingly, personal and anecdotal, and partly a critical overview: part one... [read more]

Why capitalism likes us to behave irrationally

It’s a great irony that although human beings, as distinct from other animals, are characterised by their ability for rational thinking, so much of our behaviour is irrational, argues John Green.... [read more]

No2VAG's request falls on deaf ears

No2VAG has a legitimate right to be heard by the NLWA, as Ellen Graubart explains. The campaign group has requested a hearing at the Authority's meetings, and three times the group has been refused.... [read more]

Good and Evil

What happened to considerations of good and evil? This is the question that Jean Claude van Itallie ponders.... [read more]

Transcendental argument

Through a mist of tears, I caught up with the conclusion of 'My Transsexual Summer', Channel 4’s four-part fly-on-the-wall series, says W Stephen Gilbert.... [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]

Taking a look at L.H.O.O.Q

outRageous! gives a critique of the first edition of L.H.O.O.Q- a new online culture magazine... [read more]

Empty words from Israel?

Uri Avnery casts a close eye on Israeli Prime Minister Benjamin Netanyahu\'s threat of an attack against Iran... [read more]

The Health and Social Care Bill and the Negation of Democracy

Colin Leys discusses the profound impact that the Health and Social Care Bill will have upon the publically owned National Health Service... [read more]

From Tiananmen Square to Tahrir Square

Steven Colatrella on the nature of uprisings against the state in the wake of revolution in Tunisia and Egypt.... [read more]

Bush Didn't Write No Damn Book

The former US president's autobiography is little more than a revisionist hoax, writes Ahmed Amr.... [read more]

End of Recession is Imminent Says Venezuela’s Planning Minister

Venezuela's Planning and Finance Minister has announced a positive forecast for the country's economy, as James Suggett reports.... [read more]

World Cup Fever Starts To Cool

The football World Cup is one giant consumerist showcase, argues Steve Jones.... [read more]

The Real Cost of the Banking Crisis

Mick Brooks reviews the Bank of England's assessment of the banking crisis.... [read more]

Greece: Workers Take a Stand

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

Netanyahu’s Ring and the Legitimacy of Zionism

At the root of Israeli state violence is a total refusal to recognise the Palestinians as a people, let alone a nation, writes Ahmed Amr.... [read more]

An Alternative Reading of the Al-Mabhouh Murder

The assassination of Palestinian activist Mahmoud al-Mabhouh was a well-planned, violent and sadistic act of international terrorism, writes Ramzy Baroud. ... [read more]

The Greeks are Fighting for Us All

The Greek crisis is merely the first stage of a wider global backlash against neoliberal economics, argues Steven Colatrella.... [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]

Who Cares About Carers?

Will Stone on the desperate need for radical reform of the UK's woefully under-funded social care system.... [read more]

Pension Rights And Wrongs

Socialist Appeal's Eric Hollies on how Britain's bosses and directors continue to prosper while the financial crisis takes its toll on the rest of the nation.... [read more]

Bye Bye, Dubai?

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

Globalization Unchecked: How Alien Media is Suffocating Culture

Ramzy Baroud considers the cultural impact of global economic integration in 'third world' societies. ... [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]

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]

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]

Stop the Slaughter of the Tamils!

With thousands killed in an ongoing state-sponsored bloodbath in Sri Lanka, Elizabeth Clarke urges the international community to take urgent action.... [read more]

Changing the Face of Bolivia

Jeremy Corbyn examines the dilemmas facing the progressive government of Evo Morales in Bolivia.... [read more]

President Obama Announces $1 trillion ‘New Deal’ Programme

Christopher Vasey on the Obama administration's new initiative to kick-start the US economy.... [read more]

The New Face of Plan Colombia: An "Alliance for Progress" for the 21st Century?

Garry Leech examines the US-backed soft reform programme aimed at undermining support for radical movements in Colombia.... [read more]

Big Business Loots Carbon Trading Scheme

Fred McDowell argues that free market solutions to the problem of industrial pollution are bound to fail.... [read more]

Banks in Crisis? Take them Over

With politicians and financial experts grasping at straws in their efforts to resolve the worst economic crisis in decades, Mick Brooks outlines the case for the nationalisation of the banking system.... [read more]

The Tempo of the Struggle

Socialist Appeal's Terry McPartlan provides a Marxist analysis of the current financial crisis.... [read more]

‘Close to One Billion’ People Going Hungry. That’s Capitalism.

Fred McDowell on a UN report which is offers a damning indictment of the failures of the capitalist world economy.... [read more]

Plan Colombia Devastates Afro-Colombian Communities

Garry Leech examines the devastating impact of US policy in Colombia upon the country's Afro-Colombian rural communities.... [read more]

The Recession is the Government's Opportunity to Act on its Green Promises

Luke Aldred argues the current economic crisis represents a perfect opportunity for the British government to implement far-reaching changes to make Britain greener and more sustainable.... [read more]

Roses Are Red, Violets are Violet: The British Red Rose Revolution

A campaign advertisement form the British Red Rose movement.... [read more]

‘Justice’ Cut to the Bone

Rob Ray considers the effect of budget cuts across the criminal justice system.... [read more]

A League of Their Own

Hussein Al-Alak reviews the achievements of Palestinian sportsmen across the Arab world.... [read more]

Millions Spent on Hirst's Vacuous Artworks Reflect The Decadence of 21st Century Capitalism

Laura Hayhurst-France on the artistic and moral decline implicit in the immense commercial success of the artist/businessman Damian Hirst.... [read more]

Financial Meltdown Deepens

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

Smuggling Music and Sex Education: 'Bravo' Magazine in the German Democratic Republic

Alexa Van Sickle looks back on a popular magazine which achieved cult status in East Germany during the Cold War era.... [read more]

Labour Must Endorse Living Wage Campaign to Win Back Popular Support

Matt Genner argues that committing itself to a national living wage would help restore Labour's credentials as the mainstream party most committed to social justice. ... [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]

No Evidence of Iranian Nuclear Threat: Bush Administration to Proceed Regardless

Professor David Rahni considers the background to the lastest round of US sabre-rattling on Iran.... [read more]

A Policeman's Lot: The Police and Industrial Action

David Brandon on why the left must support the police in their current industrial dispute.... [read more]

Can the US Democrats Harness the Growing sense of Injustice?

The Democrats must move away from pro-business policies to secure electoral victory.... [read more]

The Pleasures of the Flesh

If you care about hunger, eat less meat.... [read more]

Interview: George Monbiot Talks to London Progressive Journal

London Progressive Journal's Haseeb Khokhar spoke to prominent climate change campaigner George Monbiot.... [read more]