A non-partisan journal of the left.

Search London Progressive Journal

  • Enter text and click Search. This search does not accept exact strings with " or '. For exact searching click 'Exact Search'.
  • or

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]

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]

Windfall tax: Good for the Country, Good for Labour

Zoe Gannon believes a progressive policy on taxation would help restore working-class support for Labour and revive the party's electoral prospects.... [read more]

Tariq Aziz’s Son: “Time is not on our side.”

24th April 2015, Twelfth Anniversary of a US Travesty of Justice... [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]

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]

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]

Unprecedented!

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

Protect and Survive

George Monbiot on how Peter Mandelson is bullying the world’s poorest nations into following a development route that can’t work. ... [read more]

Mosul’s “Liberation”: Another Fallujah, Dresden - or Hiroshima?

"In the United States today, the Declaration of Independence hangs on schoolroom walls, but foreign policy follows Machiavelli." (Howard Zinn, 1922-2010)... [read more]

Lenin Deserves To Be Rescued From His False Reputation

2017 is going to see many revised versions of the October Revolution. Some prejudices need to be countermanded even before they are uttered. Lenin’s reputation is overshadowed by, and confused with, Stalin’s.... [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]

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]

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]

Just A Ride

The Wachowski Brothers’ 1999 Film 'The Matrix' centres upon the concept that the modern world may not be all we perceive it to be... [read more]

How David Cameron's Coalition Government Stole the 2015 General Election

This article is an edited extract (from section 3.9) of the book How David Cameron Fixed The 2015 General Election and Much Else ... [read more]

Russia vs terrorism

This week the Russians became the latest victims of the accomplices of terrorism... [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]

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]

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]

“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]

How America Became an Oligarchy

According to a new study from Princeton University, American democracy no longer exists... [read more]

Tony Blair, Infanticide Endorser Rewarded by Save The Children

When the Orwellianly name “Middle East Peace Envoy” Tony Blair was named “Philanthropist of the Year” by GQ Magazine in September for “his tireless charitable work” there was widespread disbelief... [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]

Chemical War: The Ties That Bind

Few countries in the Middle East have experienced the same level of chemical attacks as the Iraqi people writes Hussein Al-alak... [read more]

The Logic of War Crimes in a Criminal War

When U.S. marines carried out the savage and systematic execution of Iraqi families and small children in Haditha [in November 2004], it was initially reported as a “battle” with “insurgent casualties.”... [read more]

Socialism: an unarticulated reality

Cumbria Unison convenor Paul Lloyd argues that whereas Socialism may have lost its voice in the political arena, it is still present in our daily life... [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]

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]

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 End of Money

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

Revolution in Spain

Mike S reports on a Spain at the crossroads of change... [read more]

Police & Crime Commissioners and the Tories

The chaotic and rambling drumbeat of the Tory march has been laid bare for the questioning ears of the world once more, says Karl Davis... [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]

Spot the Difference: Public Relations and Journalism

Finn Bowen asks that in light of the possible convergence of Public Relations and Journalism - once completely separate professions - can we ‘trust the truth’ the media portray? ... [read more]

Isle of Wight Festival – an alternative perspective – June 2012

Miles Caston describes the highlights of this year’s Isle of Wight festival and suggests a ‘greener’ way to enjoy music festivals... [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]

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]

University fees and a recession?

Sam Hunt says whenever he says that he doesn't believe in the recession, he feels like some sort of conspiracy theorist, yet considering the vast scope of our economy even at a base level it makes him too sceptical to believe that the recession is anywhere near as large as it is made out to be, if not completely non-existent. One such example is the revenue that universities generate.... [read more]

Rejection of the wi-fi world

Miles Caston makes the case that life is better lived off-line ... [read more]

Sixty years of philatelic pleasure, and now?

For the five or six generations of solitary, sedentary boys in the middle of which fell my vintage (the baby boomers), the hobby par excellence was collecting stamps, recalls W Stephen Gilbert.... [read more]

Cuba’s truths

A interesting editorial from Cuba's national newspaper, Granma, rebuts the latest claims of human rights abuses put forth by the US and some countries of the EU... [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]

The Corporate Welfare State

Despite the crisis, it’s still socialism for the 1 per cent, capitalism for the rest.... [read more]

Vestas: “You Don’t Have to Just Sit and Take It. You Can Stand Up and Fight”.

Socialist Appeal's Adam Booth says the Vestas closure is just another manifestation of an economic system which prioritises private interests over the public good.... [read more]

You'd Have to be Stupid

Derek Wall argues that only a fundamental change in the world economic system can meet the environmental challenges of the 21st Century.... [read more]

Interview: Greg Maughan, Campaign for a New Workers' Party

Cristina Brooks spoke to Greg Maughan of the Campaign for a New Workers' Party about his views on recent developments in the economic sphere.... [read more]

Interview: Michael Albert on the Communal Councils in Venezuela

Michael Albert is a prominent activist and economist and a co-founder of Z Magazine. Adam Gill spoke to him about the Venezuelan government's radical "Consejos Comunales" initiative, aimed at deepening participatory democracy.... [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]

We're Still Too Fixated On Oil

Labour MP Michael Meacher on the ongoing obsession with oil.... [read more]

Exploited Labour On The High Street

Some of the UK’s most popular clothing brands use child labour to mass produce its merchandise. This must stop now - human dignity is at stake. ... [read more]