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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]
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]
Trumping the Federal Debt Without Playing the Default Card
The government can reduce the debt by buying it – and ripping it up... [read more]
Trump Takes on the Fed
The president has criticized Federal Reserve policy for undermining his attempts to build the economy. The best way to make the central bank serve the needs of the economy is to make it a public utility.... [read more]
United-States : the Fed Bails Out Wall Street
Part 4 of Eric Toussaint's series: Governments submit to “Too Big to Fail” banks... [read more]
Why Is the Fed Paying So Much Interest to Banks?
When “Mary Poppins” was made into a movie in 1964, Mr. Banks’ advice to his son was sound. The banks were then paying more than 5% interest on deposits, enough to double young Michael’s investment every 14 years.... [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]
“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]
The Plebiscite
Israelis are fed up with Binyamin Netanyahu. They are fed up with the government. They are fed up with all political parties. They are fed up with themselves. They are fed up... [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 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]
Can Jill Carry Bernie’s Baton?
Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate... [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]
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]
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 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]
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]
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]
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]
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]
What the Hell
What the hell has happened to them? Have they gone crazy? The British, of all people?... [read more]
The GM Biotech Sector's Complete Contempt For Democracy: Don't Be Fooled By The Propaganda
Strategically placed politicians and scientists are conveying the message that GM food is both safe and necessary... [read more]
Political Crisis Deepens in Britain
Rob Sewell picks apart the media furore over the MPs' expenses scandal which has rocked British politics over the past fortnight.... [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]
Nowruz 2019
Persian New Year at spring vernal equinox is the beacon of hope & reconciliation, forgiveness & love, and the yearnings for liberty, dignity, fraternity, equality, tranquility, justice & peace!... [read more]
Triumph of Self-Empowerment over Darkened Despotic Tyranny
Legend has it that once upon a time, ZaHawk a mythological, tyrannical, unjust, and cruel despot, ruled over Persia.... [read more]
This Radical Plan to Fund the ‘Green New Deal’ Just Might Work
With what author and activist Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by Rep.-elect Alexandria Ocasio-Cortez, D-N.Y., appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop... [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]
So Near and Yet So Far
Stop buying, start making! Stop buying, start growing! Stop buying,
start sharing!... [read more]
Jeremy Corbyn, Labour’s Unelectable Leader
The strident anti-Corbyn headlines are endless. Almost every day a new headline drums the message home: Jeremy Corbyn must go... [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]
California Water Wars: Another Form of Asset Stripping?
In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped... [read more]
Swimming With Sharks: Goldman Sachs, Schools and Capital Appreciation Bonds
Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up?... [read more]
If you must eat meat, save it for Christmas
From chickens pumped with antibiotics to the environmental devastation caused by production, we need to realise we are not fed with happy farm animals, writes George Monbiot.... [read more]
Can the Duke become King?
On Monday, the 19th Knesset voted to dissolve itself, less than two years after its election... [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 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]
Flourishing in a Not-For-Profit World by 2050
Imagine waking up in a world where you feel good about going to work, no matter the nature of your job... [read more]
Hollywood is a place where they'll pay you a thousand dollars for a kiss and fifty cents for your soul
In an exclusive for the London Progressive Journal, writer and former actor John Wight reflects on his years in Hollywood and shines a spotlight on the ‘glamour’ of life in the movie industry... [read more]
''You are fed up with him?''
Uri Avnery gives his opinion on a recent leaked conversation between Presidents Obama and Sarkozy... [read more]
The end of the world as we know it…
In the first of a new series of editorials, the London Progressive Journal gives its views on current events... [read more]
Climate Destruction - bearing witness with Dahr Jamail
“The question is not are we going to fail. The question is how?” Stephen Jenkinson, author and storyteller.... [read more]
High & Mighty
A few decades ago, a visit to my cousin in upstate New York included a
trip to a shopping mall. ... [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]
Pity the Almond Tree
The prime minister has been officially accused by the police on two counts of bribery... [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]
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]
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]
The pro-Europeans make their voice heard – London’s anti-Brexit march
March 25th was the EU’s birthday. It was celebrated in London and elsewhere by anti-Brexit demonstrations... [read more]
The pro-Europeans make their voice heard – London’s anti-Brexit march
March 25th was the EU’s birthday. It was celebrated in London and elsewhere by anti-Brexit demonstrations. Initially organised by Unite for Europe, supported by the European Movement and the 3 Million group of EU citizens living in the UK... [read more]
Trading Places
More than ever in human history, we're caught in a tug of war that threatens to destabilise entire populations and even to redefine geo-political and cultural boundaries.... [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]
Welcome back, Ms Thatcher!
There's one question that remains unanswered: who really benefits from Brexit?... [read more]
Service or Disservice?
The National Health versus The Health of the Nation by outRageous!... [read more]
The Center Doesn't Hold
"The best lack all convictions, while the worst are full of passionate intensity!"... [read more]
Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?
Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead... [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]
Imagined Nations
Each of us has a few books that formed and changed his or her world view... [read more]
Hang On to Your Wallet: Negative Interest, the War on Cash and the $10 Trillion Bail-In
In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?... [read more]
Islam's Trojan Horse
Over the last two years, there has been a worrying increase is Islamophobia... [read more]
We’ve Got to Talk about Water and the Middle East
This is the text of a lecture given in Dorchester on Wednesday 28 October 2015... [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]
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]
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]
Rewriting Democracy: Scotland’s movement towards independence with a National Yes Registry
Many people thought (and hoped) that Scotland voting No in its Independence Referendum last year had laid that idea to rest. Far from it... [read more]
The Trans-Pacific Partnership and the Death of the Republic
On April 22, 2015, the Senate Finance Committee approved a bill to fast-track the Trans-Pacific Partnership (TPP)... [read more]
For whom to Vote?
Uri Avnery discusses whom to vote for in the upcoming Israel elections... [read more]
So you want to help Africa Owen Paterson? Then stop promoting ideology and falsehoods to push GMOs
Former UK Environment Minister Owen Paterson this week accused the European Union and Greenpeace of condemning people in the developing world to death by refusing to accept genetically modified crops... [read more]
Splendid Isolation
Almost a thousand Israeli personalities have already signed an appeal to European parliaments for their governments to recognize the State of Palestine... [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]
Has the Swedish Left Lost Again?: The 2014 Electoral Implosion, Civilian Deindustrialization and the Swedish Dilemma
Part 3 of Jonathan Feldman's analysis of the recent Swedish general election... [read more]
Flight MH17 – Imperialism and the art of hypocrisy
The blame game commenced immediately. Without waiting for an investigation or any hard information whatsoever, Washington lost no time in pointing an accusing finger at Moscow... [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]
The elixir of life – in a poisoned chalice?
Longevity science may divide us into treated and untreated: the first living ever longer, the second dying even younger than now, writes George Monbiot.... [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]
Bread and Circuses in a Digital Age
Bread and circuses have always been a central aspect of ruling class hegemony and a means of keeping the masses in a soporific state... [read more]
Bowe Bergdahl, US soldier captured by Taliban: A reflection on his words and time for prisoner exchange
Carol Grayson reports on the status of Bowe Bergdahl, an American held prisoner by the Taliban since 2009, and provides a transcript of the unedited version of a video of Bowe which the Taliban recently released... [read more]
Activists and Afghan Taliban slate Guantanamo and did US attempt to drone Bowe Bergdahl?
Back in 2013 a number of human rights activists including myself joined a solidarity hunger strike with Guantanamo prisoners... [read more]
For Pope Francis the liberal, this promises to be a very bloody Sunday
Francis is the poster pope for progressives. But canonising a genocidal missionary like Junípero Serra epitomises the Catholic history problem, writes George Monbiot.... [read more]
The middle classes: stripped of their halo by capitalism
The undermining of the middle classes, who are continually being pushed down into the working class, represents, at the same time, a weakening of the ruling class, who are finding it increasingly difficult to find a social basis for their programme - an international programme of austerity... [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]
A Brief Guide To Early Chinese History: The Mongol Conquest Of China And Its Consequences
George Tait Edwards introduces the next in a series of articles about early Chinese civilisation to help put into context the country's recent economic rise... [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]
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]
Italy: an economy based on free labour
A leading phenomenon of the Italian job market is the ability of employers to rely on an abundant supply of free labour. Patrizia Bertini explains... [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]
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]
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]
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]
From Goulash Socialism to Hunger March
David Eade discusses Hungary’s answer to the Jarrow march... [read more]
If you think we're done with neoliberalism, think again
The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches, writes George Monbiot.... [read more]
Mas means less
LPJ Iberian correspondent, David Eade, provides a breakdown of the Catalan elections and discusses the implications the election results have for the issue of Catalan independence... [read more]
The internet- Plutocracy's Achilles' Heel?
Ironically Capitialism's well founded fear of unfettered public access to matters of vital importance stems from the advent of the internet, writes Jim Handley... [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]
Football: Pay over pride?
Miles Caston asks whether contemporary football is all about money... [read more]
Our officers kill more U.S. troops than the Taliban
No solution will come from our chain-of-command—the solution is fighting our chain-of-command. Michael Prysner, former US army corporal and Iraq war veteran, discusses record suicides amongst active-duty soldiers and reminds troops that they do not have to fight wars of imperialism... [read more]
The Children Are Still Dying: Violence is Not News
Somewhere in my home I have a set of photo albums I rarely go near. I fear the flood of cruel memories that might be evoked from looking at the countless photos I took during a trip to Iraq, writes Ramzy Baroud.... [read more]
Democracy By Candlelight: Living In Fear And Kept In The Dark
Giving people the opportunity to vote every four or five years, while in the meantime deceiving, misinforming and lying to them, has no more to do with democracy or freedom than what is happening in Syria right now, writes Colin Todhunter. ... [read more]
Is this the Sudanese summer?
Omar Zaki explores the recent protests taking place across Sudan and the implications for the government of President Omar Al-Bashir... [read more]
Destroying the Social Fabric of India: The Indian Premier League: Sex, Lies and Capitalism
Colin Todhunter, London Progressive Journal's India correspondent, reports on the worrying fusion of news and entertainment that is part of modern India... [read more]
Spain’s May 15 protest movement celebrates its anniversary
As the Spanish 15-M protest movement celebrates its first anniversary, LPJ Iberian correspondent, David Eade, reveals that the movement is spreading from main street to mainstream... [read more]
Henry David Thoreau 150th anniversary
The importance of Henry David Thoreau, the man who told us all we must listen to the world and march to a different drummer, is greater now than the day he died 150 years ago in May 1862, says Miles Caston.... [read more]
When will the Palestinians revolt?
After six decades of occupation, Israeli government strategists are yet to realize that the Palestinian people are not a singular body of blind followers who can be easily manipulated and controlled, writes Ramzy Baroud.... [read more]
BDS: Power of the People at Work
The recent University of Pennsylvania BDS conference, organized by student group, PennBDS, was the latest example to illustrate both the effectiveness of the global movement and also of the real worry felt by supporters of Israel in the US, writes Ramzy Baroud.... [read more]
The lasting legacy of 9/11
Since the September 11 2001 attacks the world has witnessed the best and worst of humanity, writes John Wight.... [read more]
Think of a Tank
The “free market thinktanks” and their secret funders are a threat to democracy, writes George Monbiot.... [read more]
The fall of an empire
Jeremy Corbyn reflects on the rise of Murdoch media empire and the years of shameless and blinkered journalism that have been a feature of the newspapers controlled by the media mogul.... [read more]
Welcome to Gaza: Revolution and Change at the Rafah Border
Ramzy Baroud on how the new Egyptian government is signifying a welcome change to the border with Gaza.... [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]
Stating the Obvious: WikiLeaks Indicts and Vindicates US Diplomats
The Wikileaks disclosures have smashed the US government's edifice of rhetoric and lies about Iraq, writes Ramzy Baroud.... [read more]
Thatcher and the Last Tory cuts
Eric Hollies puts today's coalition government in historical perspective by looking back on the brutal public spending cuts imposed by the Thatcher government.... [read more]
Rebranding Iraq: Playing with Numbers and Human Lives
As the US troop withdrawal begins in earnest, Ramzy Baroud asks: who won? And is the war really over?... [read more]
Towering Lunacy
Green enthusiasm for vertical farms shows that no one is untouched by magical thinking, writes George Monbiot.... [read more]
Yemen’s Options: ‘Revolt, Migrate or Die’
Yemen is emerging as the latest casualty of the so-called 'War on Terror', as Ramzy Baroud explains.... [read more]
The Naming of Things
George Monbiot suggests one small way in which the collapse of biodiversity could be slowed.... [read more]
“…And A Little Child Shall Lead Them”
Barack Obama has weakly capitulated to Binyamin Netanyahu over Israeli settlement-building in the heart of the Arab community in East Jerusalem, says Uri Avnery.... [read more]
Tony Blair's Legacy
War criminal Tony Blair missed out on the EU presidency last week. Tomasz Pierscionek looks back on how the Blair years destroyed the credibility of the Labour party.... [read more]
Interview: Malalai Joya Talks to London Progressive Journal
Steven Littlewood spoke with prominent Afghan pro-democracy campaigner Malalai Joya about elections, imperialism and the turmoil in Afghanistan.... [read more]
Exchanging Puppets: Why the International Left Should Not Support Iran's So-Called Reformist Leaders
Lila Ghobady argues that the leadership of Iran's reformist movement does not have the country's interests at heart.... [read more]
The Proceeds of Crime
The US and British governments have created a private prison industry which preys on human lives, says George Monbiot.... [read more]
Interview: María Augusta Calle talks to London Progressive Journal
Samuele Mazzolini spoke to María Augusta Calle, a former member of Ecuador's Constituent Assembly, currently standing as a candidate for President Correa's Movimiento País coalition.... [read more]
The Inexorable Weight of Expectation
In the week of Barack Obama's historic inauguration, Safreena Rajan examines the key issues which Obama will have to address in order to deliver on his promise of "change".... [read more]
Free the Unborn! A Proposal for Slowing Down Politics
George Monbiot on why the struggle against climate change is being undermined by political short-termism.... [read more]
Difficult Times Ahead For Ecuador's Progressive New Constitution
Samuele Mazzolini on why Ecuador's new constitution is threatened by the vested economic and political interests of neoliberalism which have dominated Latin America for the past twenty years.... [read more]
£50bn Bail-out Will Not Stop the Rot
Socialist Appeal's Mick Brooks on the UK government's financial bail-out package.... [read more]
Why the Russian Invasion of Georgia is a Blessing for Misguided US Foreign Policy
Professor William Hickey on why the Georgia crisis has highlighted the cynically self-serving basis of US foreign policy.... [read more]
Mounting Evidence of Colombian President’s Involvement in Massacre
A "Justice For Colombia" report on the mounting evidence of President Uribe's involvement in a civilian massacre eleven years ago. ... [read more]
Cultural Values and the “Amstetten case”: what the International and Austrian Media are Saying About Josef Fritzl
Alexa Van Sickle dissects the response of national and international media to the Josef Fritzl scandal.... [read more]
‘A Threat to British Justice’: The Halt to BAE Investigation is Declared Unlawful
The BAE-Saudi corruption investigation must go ahead.... [read more]
Another Defeat for the Italian Left
Samuele Mazzolini on what the Italian Left can learn from its recent election defeat.... [read more]
Snow Jobs
George Monbiot examines the detail behind "job creation".... [read more]
