A non-partisan journal of the left.

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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]

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]

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]

Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work

California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008.... [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]

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]

It Can Happen Here: The Bank Confiscation Scheme for US and UK Depositors

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets reveals Ellen Brown... [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]

Gordon Brown and "Light Touch" Regulation

Mick Brooks on how Gordon’s policies left the UK unprepared for the present 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]

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]

The Mockery of Banking Discipline

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

From Aid Agency to Cash Machine?

Mick Brooks on how overseas aid programmes are merely exacerbating social inequality in developing countries.... [read more]

Hay Festival Raises More Questions Than Answers

Matt Genner considers Naomi Klein's comments at this year's Hay Festival.... [read more]

Snow Jobs

George Monbiot examines the detail behind "job creation".... [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]

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]

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]

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 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]

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]

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 Contest for the Centre

Matt Genner on how the ongoing struggle for the political centre ground is undermining democracy.... [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]

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]

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]

Hasta siempre Comandante

While some of the mainstream media are unsuccessfully seeking to tarnish Castro’s image, thousands upon thousands of messages are pouring into Cuba from literally all over the world to pay homage to him... [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]

Left in Agony

Cameron is responsible for taking us all to the edge of the cliff... [read more]

The big private banks run on LTRO

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

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]

Menace on the Menu: Development and the Globalization of Servitude‏ (Part 1)

In his book ‘The World Economy: A Millennial Perspective’, economist Angus Maddison noted that India was the richest country in the world and had controlled a third of global wealth until the 17th century... [read more]

Gaza should make us sick; but we need a more courageous, honest and truthful debate

An article from Dr David McCoy, public health physician and chair of global health charity Medact... [read more]

The OECD verdict on the British housing market

Former MP and member of the Labour shadow cabinet, Bryan Gould, discusses the findings of a recent OECD report which revealed that UK housing is among the most overpriced in the world... [read more]

The Promise of the New and the Delusion of the Old

In 1952 the Egyptian Army Officers' Revolution of the 23 July brought in a new era of hope and pride. By 1967 it had brought us Arabs to the brink of disaster... [read more]

The Schumacher Institute: An Interview with Ian Roderick, Director

Born in 1911, Ernst Fritz Schumacher was and continues to be one of the most inspiring environmental writers that the UK has ever had... [read more]

New York City Mayor's Race: Living Wage or Wage Slavery: de Blasio vs. Lhota on the Dignity of Labour

The election for mayor of New York City is less that a month away and Bill de Blasio's lead in the polls appears insurmountable... [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]

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]

Book review: The Socialist Way

Former shadow cabinet member and Labour MP Bryan Gould reviews a stimulating and thoughtful collection of essays... [read more]

Bono can't help Africans by stealing their voice

Because the U2 frontman and others like him are seen as representatives of the poor, the poor are not invited to speak, writes George Monbiot.... [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]

From Ragged Trousered Philanthropists to Label Wearing Ostriches?

Frank Owen, the lead character in Robert Tressell’s novel The Ragged Trousered Philanthropists, expressed his frustration at the dismissive response of his fellow workers to his arguments for a better society... [read more]

Repealing the Health and Social Care Act

The last ditch attempt by the House of Lords to stop wholesale privatisation of the NHS has failed... [read more]

A Telling Silence

They parasitise us from above. But landowners and the Tory party's idle rich are spared the fairest and simplest of taxes, writes George Monbiot.... [read more]

Genetic Memories

Doreen Carvajal writes in the New York Times about the possibility that our genes carry some memories of our ancestors' experiences and 'unfinished business'. Dr Faysal Mikdadi wonders whether this is beneficial, now and for a future generation. ... [read more]

Genetic Memories

Needs editing pre publication... [read more]

Human Conflict- is there a solution?

Professor David Rahni of Pace University, New York, asks a controversial question- Are humans genetically programmed for destruction, greed and fear of others?... [read more]

The NHS will last as long as there are folk left with the faith to fight for it

The London Progressive Journal gives its take on current events in the latest fortnightly editorial. (Dr Tomasz Pierscionek encourages the campaign to derail the Health and Social Care Bill).... [read more]

The Lairds of Learning

Who are the most ruthless capitalists in the Western world? Whose monopolistic practices makes WalMart look like a corner shop and Rupert Murdoch look like a socialist?... [read more]

Venezuelan UN Speech Criticises "Market Totalitarianism"

The Venezuelan ambassador to the UN, Jordge Valero, has delivered a stinging attack on global capitalism's failure to guarantee basic human rights, as Tamara Pearson reports.... [read more]

Bleak Havens

It's time to close the net on tax havens, says George Monbiot.... [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]

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

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

US Democrats Yet to Convince Working Class America

Richard Scorer on how the current economic crisis presents a challenge to the Democrats' cosy relationship with big business and finance.... [read more]

Brown Inches Closer to Ingsoc

Tom Bangay on why Brown's Britain is sleepwalking into a surveillance society.... [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]

Back to Boom and Bust

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

Death of the Noble Idea

Big money trumps everything in politics, even the most dearly-held beliefs.... [read more]