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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 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]

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]

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]

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]

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]

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

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

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]

BCE / LTRO: what’s that ?

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

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 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]

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]

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 Venezuela Myth Keeping Us From Transforming Our Economy

Modern Monetary Theory (MMT) is getting significant media attention these days, after Rep. Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the “Green New Deal.... [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]

Sovereign Debt Jubilee, Japanese-Style

Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.... [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]

“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]

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]

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]

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]

Taming corporate power: the key political issue of our age

Big business and its lobbyists have taken control of our politics. But there is an alternative. In the first of a new series, here’s how we can take on the fat cats, writes George Monbiot.... [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 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]

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]

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 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]

Angry, broke and Homeless

As the Spanish general election approaches, David Eade shows how a protest movement, led by the homeless, will be campaigning out on the streets.... [read more]

Chimes At Midnight: Football in Crisis

Ordinary fans are being ripped off by the unfettered greed of modern footbal, writes Steve Jones.... [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]

Bye Bye, Dubai?

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

Why We Must Nationalise Northern Rock

Examining the ongoing crisis of the Northern Rock bank, Chris Vasey argues nationalisation is the only way to safeguard public money and jobs.... [read more]

Central Banks Have Gone Rogue, Putting Us All At Risk

Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their independence from government. They have become rogue players in a game of their own.... [read more]

Control Freaks

Open your hand and breathe into the palm. Now close your fist. What have you caught?... [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]

What We Need

One of the most frustrating aspects of analysing current events is just how fast the world-picture changes... [read more]

The German Elections and the Ongoing Crisis of European Imperialism

Angela Merkel, who has been in power for 12 years and who won just 33% of the vote in the elections held on 24 September, failed to negotiate a coalition government that would rule over the German and the European working class for the next four 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]

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]

John Pilger: Why Hillary Clinton Is More Dangerous Than Donald Trump

The following is an edited version of an address given by John Pilger at the University of Sydney, entitled ‘A World War Has Begun’.... [read more]

Funding California Schools: Proposition 51 Versus a State-owned Bank

There is a much cheaper way to fund this $9 billion school debt... [read more]

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]

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]

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]

The big private banks run on LTRO

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

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]

What’s wrong with Britain?

One glance on Sunday morning at The Guardian website demonstrated quite clearly what is wrong with Britain – and, probably, the rest of the ‘developed’ world... [read more]

Humility

A poem from Dr Faysal Mikdadi... [read more]

Marching Against Austerity: London 20 June 2015

Up to 250,000 people came to London and no one can argue that the demonstration, organised by The People's Assembly, wasn’t representative of the broad spectrum of people’s anger against Tory policies... [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]

Let’s not fool ourselves. We may not bribe, but corruption is rife in Britain

Allegations of a cover-up at Scotland Yard show that the British are as prone to malfeasance as any other nation, writes George Monbiot.... [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]

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]

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]

The return of George Orwell and Big Brother’s war on Palestine, Ukraine and the truth

In his latest essay, John Pilger describes the liberal "one-way, legal/moral screen" behind which great power and its Orwellian propaganda ensure an impunity for war and deception, dependent on what Leni Riefenstahl called our "submissive void".... [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]

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]

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]

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]

The Failure of the Debt System

Eric Toussaint and Daniel Munevar put forward the case for abolishing third world debt... [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]

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]

Shimomuran Economics: The No-Debt Investment Credit Creation Path to More Rapid Economic Growth

George Tait Edwards MBE makes the case for the urgent implementation of Keynesian economics to stimulate growth, based on the economic model's previous success in the US, China and Japan... [read more]

The End of Money

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

A Monstrous Proposal

Extending transparency laws to the private sector would make the likes of News International think twice before misbehaving, writes George Monbiot.... [read more]

The Great ESA Robbery

The removal of contributory Employment and Support Allowance assessment has not been a major talking point during the Welfare Reform Act's progress onto the statute book but I believe it is actually the most pernicious of all the benefit cuts which are just about to take place, writes Felix McHugh.... [read more]

Bankers’ Oligarchy spells the end of democracy

A qualitative change is taking place within the European Union where it is crystal clear that national independence and democracy are being dumped without formal procedure or public announcement, says John Boyd.... [read more]

Bankers' Coups D'etat in Southern Europe

Steven Colatrella unveils that the very tenets of democracy in Europe are under threat as finance capital launches the first of its coups d'etat in Greece and Italy.... [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]

Weimar Revisited

Uri Avnery explains how the three main pillars of Israeli democracy - the courts, the media and the human rights organisations - are under threat from the political right. ... [read more]

Voters swing behind the PCE on its 90th anniversary

David Eade recounts the history of the Communist Party of Spain and shows that the party still has influence in Spanish politics... [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]

Day of the Jackals: Eyewitness from the G20 Protests

In the wake of a violent police crackdown in Toronto, Daniel Serge reports on the protests at the recent G20 summit. ... [read more]

Modern Football: Money, Hype and Hysteria

John Green looks at how the status of the 'beautiful game' has changed in recent years.... [read more]

Greece: Workers Take a Stand

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

Muslim Women Find Expression Through Cartoons

Iqbal Tamimi on how some Muslim women have overcome cultural marginalisation to express themselves through popular art.... [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]

Welcome to Austerity Britain

Whoever wins the next election, 'austerity' - i.e. cutting back services for those who need them most - will be the watchword of British politics for the next few years, as Rob Sewell explains.... [read more]

Why No Government Jobs Program?

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

Australian Administration Puts UK Labour Party in the Shade

Steven Littlewood believes Gordon Brown could learn a thing or two from his Australian counterpart.... [read more]

Book of the Month: Matti Kohonen and Francine Mestrum Eds, "Tax Justice"

In the first of our regular "Book of the Month" features, Matt Genner recommends this insightful collection of essays on economic reform.... [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]

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

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

This Week in the Media: Government Private Sector Bailouts, and the Furore Over Sharia

David Floyd believes the government's bailout of multibillon-pound private-sector companies is a big waste of everyone's time and money.... [read more]