A non-partisan journal of the left.

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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]

Italy: the missed generation

The truth is that the situation in Italy is getting desperate. Amongst those under 25, unemployment is as high as 40% with many of those in work underpaid and on short term contracts... [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]

Spain's abusive banks

The big economic news has been the massive 100bn euros bailout of Spain’s banks. However the back story has been the numerous protests by Spaniards against measures to support banks which are largely in trouble through their own greed, corruption and mismanagement, writes David Eade.... [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]

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]

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 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]

Ban the Spanish Royal family from business

David Eade looks at allegations of a business scandal involving members of the Spanish royal family... [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]

“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]

In the wake of the German elections – the all-too-soon forgotten Euro Hawk drone scandal

The German federal elections have just run their course and the CDU/CSU gained the lion’s share of the public's support. Apparently the electoral results were unaffected by the major political scandal of the summer... [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]

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]

Coal Scuttled

George Monbiot on why we should all support this week's Climate Camp demonstration.... [read more]

Pickled Cucumbers

Hallelujah! At long last I have found a point on which I agree with Binyamin Netanyahu. Really!... [read more]

BCE / LTRO: what’s that ?

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

Good News for the Left in Andalucía; Bad News for Democracy in Spain

The southern most region of Spain, Andalucía, has always been a socialist fiefdom but the centre right Partido Popular (PP) came very close to toppling the socialist PSOE party from power in the 2012 regional elections, writes David Eade... [read more]

Time for our unions to come to Spain’s aid

David Eade calls for a renewal of international solidarity to help Spain’s embattled workers... [read more]

The Spanish State Faces Disintegration

The Spain of today is in a deep financial crisis. Rather than the country pulling together it is pulling apart. LPJ Iberian correspondent, David Eade, discusses the possibility of the Spainish state breaking up into autonomous regions... [read more]

A boost for peaceful direct action in Spain

Jim Handley reports on recent Anarchist action against austerity... [read more]

Hollande: in bed with the voters

In the first of a series of articles on the forthcoming French Presidential elections, David Eade evaluates Francois Hollande - the Parti Socialiste candidate who may well be the next French President... [read more]

Has Europe abandoned the Left?

David Eade looks at whether there is any truth in the claim that the people of Europe have turned away from the parties of the Left... [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 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]

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]

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]

Welcome back, Ms Thatcher!

There's one question that remains unanswered: who really benefits from Brexit?... [read more]

Business As Unusual

We need more people to throw down their swords and raise their voices with the healing words of true democracy... [read more]

Petty Corruption

Many years ago I received a phone call from the Prime Minister's office. I was told that Yitzhak Rabin wanted to see me in private... [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]

European Union Throws Greece and Refugees to the Sharks

"Hypocrisy, the most protected of vices." Moliere (Jean Baptiste Poquelin, 1622-1673)... [read more]

Exposing the Libyan Agenda: A Closer Look at Hillary’s Emails

Before 2011, Libya had achieved economic independence, with its own water, its own food, its own oil, its own money, and its own state-owned ban... [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]

Time for the Nuclear Option: Raining Money on Main Street

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy... [read more]

Syria: The Murder of Dr Khaled al-Assad, The Guardian of Palmyra

When a new Syria one day confronts the impossible task of rebuilding itself, one elderly academic’s quiet resistance will provide a stark example of dauntlessness and civilization amidst the rubble of its bleakest hour... [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]

Aleppo a city ravaged by “Islamic State” and Imperialism

This is a report from an Aleppo resident whose identity is protected for their own security... [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]

Modern Ukraine RIP (Born 1991- Died 2014)

Dr Tomasz Pierscionek explains how Ukraine, as it once was, no longer exists... [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]

Over Bottled

Everybody knows what the Israeli elections are about. The choice is stark: on the one side, the dream of a Greater Israel "from the sea to the river"; on the other side, an end to the occupation and peace... [read more]

Israel: International Anger Mounts

“The situation involving Palestine 
and Israel is an undeclared war, in which the aggressor, Israel, has 
destroyed the Palestinian economy, robbed people of their land, 
unilaterally changed borders, and unilaterally built a wall of exclusion 
to keep Palestinians out of their land... [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]

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]

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]

The Failure of Innovation in the Anglo-Saxon Economies

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

It’s Franco’s heart that beats in Madrid

No Gibraltarian, and come to that anybody living in the real world, will believe the confrontations at sea last week over the reef laying and the six hour car queues to leave Gibraltar at the weekend were anything but linked, writes David Eade.... [read more]

From Goulash Socialism to Hunger March

David Eade discusses Hungary’s answer to the Jarrow march... [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]

Spain is the Most Corrupt Nation in the EU

LPJ Iberian correspondent, David Eade, shows how the Spanish people have lost faith in their politicians and national institutions... [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]

Manhunt

Uri Avnery, Israeli journalist and former Knesset member, writes about the abuse of African migrants in his country... [read more]

The Light That Cracks The Darkness

The people of Spain are actively resisting the effects of austerity. As Bryan G Taylor explains, no amount of 'Reforma Laboral' will stave off call for a revolutionary change... [read more]

Protest Movement or tourist attraction?

David Eade contrasts the Occupy movement in the UK with the 15-M movement in Spain... [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]

The War on Libya: Behind Appearances - Part 3

An in-depth critique and analysis of the beginnings of the civil war in Libya and what was at stake for all parties involved in the final conflict, split into three parts. (Part 3)... [read more]

Even devils will fall...

The London Progressive Journal gives its take on current events in the latest fortnightly editorial... [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]

Dale Farm Ethnic cleansing - Not is our name

An activist involved in the Save Dale Farm campaign calls for solidarity with the site’s residents who are facing eviction within a week. ... [read more]

Unveiling the errors of forced conformism

John Haylett reports on the contradictory nature of France's attempts to 'free' Islamic women from the veil.... [read more]

Surrogates: Who's Behind the Attacks in Iran? (part one)

In the first of a two-part essay examining the background to the recent terrorist attack in Iran, Daniel Pye looks at the US government's employment of proxy armies or 'surrogates' in its bid for strategic control of the Middle East. ... [read more]

We Must Fight to Keep the Post Public

With both mainstream political parties apparently united in their determination to privatise the UK postal system, Mick Brooks makes the case for resisting so-called "part-privatisation".... [read more]