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

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

Banks Are Becoming Obsolete in China—Could the U.S. Be Next?

The U.S. credit card system siphons off excessive amounts of money from merchants. In a typical $100 credit card purchase, only $97.25 goes to the seller. The rest goes to banks and processors. But who can compete with Visa and MasterCard?... [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 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]

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]

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]

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]

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]

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 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]

The Shimomuran Economics Solution to the Western Economic Crisis

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

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]

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 Struggle Continues

Despite David Cameron's attempt to brush the November 30th strike under the carpet and continue with his attacks on the poorest, John Wight predicts that strong resistance to the cuts will continue.... [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]

Venezuela: Workers and State Rally for Nationalizations,

James Suggett on a new series of anti-corruption measures in Venezuela.... [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]

North Korea: A Threat Or A Victim? Some Facts

If anyone is still wondering why North Korea was being “provocative” in missile tests and repeatedly declaring what would seem to be a daunting arsenal (although there is still no irrefutable, concrete proof of deliverable, long range nuclear weapons capability) here is just a small taste of what it’s southern neighbor, in cahoots with Godfather America, has planned... [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]

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]

“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]

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]

The Neon Demon – a cult classic in the making

Breaking taboos is the big yawn of our modern commerce dominated culture so I hesitate to recommend a movie that seems, superficially at least, to be gratuitously designed to break as many taboos as is conceivably possible... [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]

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 Citadel Is Breached: Congress Taps the Fed for Infrastructure Funding

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

The big private banks run on LTRO

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

INET Should Rename Itself IPNET Because Preventing New Economic Thinking Is What it Does

INET is a cheerleader and supporter of the Washington Consensus... [read more]

Governments submit to “Too Big to Fail” banks (part 2)

Governments make gifts galore to private banks... [read more]

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

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

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

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

Piketty for Progressives

Part 3 of Thomas Riggins's analysis of Thomas Piketty's book - Capital in the Twenty-First Century... [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]

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]

Bank Created Credit

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

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]

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]

Women, Fertility and the Rise of Modern Capitalism: Review

Thomas Riggins reviews an article by Alberto Alesina from the Harvard Economics Department - Women, Fertility and the Rise of Modern Capitalism... [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]

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 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]

Eight Questions for Western Government Economic Advisors

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

Dance on Thatcher's grave, but remember there has been a coup in Britain

In the wake of Thatcher's departure, John Pilger remembers her victims both at home and abroad, from miners to Vietnamese children.... [read more]

Hard-working families. Aincha just sick of them?

Felix McHugh shines a spotlight on the propaganda spread by the mainstream parties that seeks to demonise those made unemployed or those who are too ill to work... [read more]

Principal Stages in the History of Bolshevism 1905-1917 and their Relevance Today

Lenin, in his book "'Left Wing' Communism: An Infantile Disorder," written in 1920, maintained that lessons from the Russian Revolution were of interest to those outside Russia. Thomas Riggins provides an analysis. ... [read more]

Coming to Grips with Zizek

Two new books by Slavoj Zizek have recently been reviewed by John Gray in the The New York Review of Books, here Thomas Riggins reviews Gray's article. ... [read more]

Bad Sight of the Week

At the weekend, I sent a letter to The Observer via email. So sure am I that the paper will not run it this coming Sunday that I breathe life into it by reproducing it here below... [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 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]

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]

Palestine: Those Who Inspired Us in 2011

2011 had its share of tragedy. Human lives were lost in Palestine. But hope was also sustained by the sacrifices of numerous ‘ordinary’ people, says Ramzy Baroud.... [read more]

Slash and Burn Capitalism

Now the government intends to strip away protection from our most treasured places, says George Monbiot.... [read more]

Local communities bear the brunt of the Con-Dem agenda

Deborah X provides a personal view of the effect of the coalition’s policies on single parents, their children and the communities in which they live... [read more]

ALBA Backs Struggle for Honduran Democracy on Anniversary of Coup

Latin America's left-wing governments have rallied to support democracy in Honduras, writes Steven Mather.... [read more]

The Real Cost of the Banking Crisis

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

Obama: Progress Towards Fulfilling Manifesto Commitments

Chris Vasey reckons it's been a promising first few months in the White House for Barack Obama. ... [read more]

Cuts, Cuts ... And Yet More Cuts!

Steve Jones argues that Britain's three main political parties are engaged in a 'race to the bottom' on public spending.... [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]

Congress Confronts Its Contradictions

George Monbiot on why it's ordinary taxpayers who will pay the price for the incompetence of big finance.... [read more]

Chávez Declares Support for Venezuelan Indigenous Occupying Ancestral Lands

James Suggett on Hugo Chávez's support for indigenous communities in Venezuela.... [read more]

Venezuela Bridges Diplomatic Fissures and Polishes Alliances in European Tour

James Suggett on the latest phase of Hugo Chávez's tour of Europe.... [read more]

Push-Polling (Continued): The Appearance of Ethics, And the Same Old Same Old

Following on from last week's article, Sven Eric Balabanoff continues his look at the role of "Push-polling" in this year's US elections. ... [read more]