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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]

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]

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]

The G20 Leaders Communique′

Mark Horner critically reviews four major themes of the G20 Leaders Communique... [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]

Banks versus the People: the Underside of a Rigged Game (Part 6) - Even the IMF agrees…

In October 2012, the IMF provided a key explanation of why the crisis was getting worse in Europe... [read more]

The Different Sources of Unemployment, and the Economic Remedy for Each of These

Unemployment is a complex phenomenon. The ultimate roots of all large-scale unemployment is the lack of an adequate economic understanding by a country’s professional economic advisors and its politicians... [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]

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]

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]

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]

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]

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]

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]

How to Fund a Universal Basic Income Without Increasing Taxes or Inflation

A team of researchers at the University of Oxford published the results of a survey of the world’s best artificial intelligence experts, who predicted that there was a 50 percent chance of AI outperforming humans in all tasks within 45 years... [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]

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]

Interview with Robert Braun (Part 2 of 2)

Dr Robert Braun, veteran politician and senior member of Hungary’s opposition party, MSZP, speaks with Dr Tomasz Pierscionek about Hungary’s transition from Eastern Bloc state to neo-liberal democracy and describes the challenges currently facing the country... [read more]

The Major Policy of the Current Coalition Government is NOT Fiscal Balance But an Increased Rate of Income Shifting From Wage Earners to the Pockets of the Already Rich

The policy of the Coalition Government is not the much-trumpeted and unachievable aim of a balanced budget but the deliberate lowering of median British living standards and the production of more poverty... [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]

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]

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]

Consumer Hell

George Moniot asks: How do we break a system which now permeates every aspect of our lives? ... [read more]

What GMOs Are Really About: Profits, Power and Geopolitics

Genetically modified organisms (GMOs) are not essential for feeding the world... [read more]

GMOs, Corporatocentrism And Economic Plunder: The Right To Challenge And Refuse

The recently leaked report by India's Intelligence Bureau - ‘Impact of NGOs on Development’ - accuses certain activists and civil organisations of working against the national interest by colluding with foreign interests to undermine development and growth... [read more]

NHS In Crisis: The Story of Torrington Community Hospital

Elijah Pryor discusses the significance of Torrington Community Hospital for the North Devon community and the campaign to challenge cutbacks to the hospital's services... [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]

The Real Cost of the Banking Crisis

Mick Brooks reviews the Bank of England's assessment of the banking crisis.... [read more]

What Good is Charity?

The humanitarian crisis in Haiti has brought into sharp focus the injustice of neoliberal economic exploitation; Greg Sharzer argues that charity alone cannot pull Haiti out of its desperate plight. ... [read more]

Bye Bye, Dubai?

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

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]

America’s Brexit: to fight Trump, fight Capitalism!

What once seemed unthinkable — akin to an episode of the Twilight Zone — has become a surreal reality... [read more]

The left wing case for quitting the EU

Much of the left would agree that the European Union does not always function in the best interests of either the European or International working class... [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]

“Sentence First, Verdict Afterwards”: The Alice in Wonderland World of Fast-tracked Secret Trade Agreements

Fast-track authority is being sought in the Senate this week for the Trans-Pacific Partnership (TPP)... [read more]

Governments submit to “Too Big to Fail” banks (part 2)

Governments make gifts galore to private banks... [read more]

Economic Policies for an Incoming Labour Government (Part 5 of 9)

The Two Great Traditions in Western Economic Thinking ... [read more]

Economic Policies for an Incoming Labour Government (Part 1 of 9)

The Coalition Government’s Failed Austerity Programme... [read more]

Extremism is prevailing in Eurozone Negotiations

The negotiations between the newly elected Greek Government and the other Eurozone states have been a battle between pragmatism and extremism... [read more]

NATO weakness in the epoch of geo-political turbulence and instability

The main outcome of the NATO summit that took place in Newport, Wales on 4th-5th September appears to have been the decision to launch a new ‘spearhead’ rapid response task force... [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 Transatlantic Trade and Investment Partnership, A Thatcherite Revolution: “Free Trade”, Corporate Plunder and the War on Working People

Prior to the recent national elections in India, there were calls for a Thatcherite revolution to fast-track the country towards privatisation and neo-liberalism... [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 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]

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]

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]

Trade unions in Cuba and the emergence of a private sector

Recently returned from a study tour of Cuba, Dr Tomasz Pierscionek recounts his meeting with Jesus Montera, an international relations officer of the CTC... [read more]

Bollywood Novacaine and the Dull Pain of Poverty

Colin Todhunter debunks the myth of India as an \'economic miracle\' ... [read more]

End of Recession is Imminent Says Venezuela’s Planning Minister

Venezuela's Planning and Finance Minister has announced a positive forecast for the country's economy, as James Suggett reports.... [read more]

A Paradigm Shift in Singapore: Yet Apec Offers No Clear Answers

Ramzy Baroud on the high-profile international summit held in Singapore this week.... [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]

Budget: Where’s Our Bail-out?

As New Labour announces its new budget, Socialist Appeal's Mick Brooks provides his assessment of the British economic malaise.... [read more]

Arms Spending Dwarfs Commitment to Development Goals

World leaders struggle to meet development goals; military spending remains sky-high.... [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]

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]

“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]

Libya, David Cameron’s “Iraq”? Damning Report Shreds Another War Monger

Former UK Prime Minister David Cameron is consistent in just one thing - jumping ship when the going gets tough... [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 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]

Killing Off Community Banks: Intended Consequence of Dodd-Frank?

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks... [read more]

An Anti-Austerity 2015 UK Budget

George Tait Edwards explains how Shimomuran-Wernerian macroeconomics is the best available path to prosperity once the politicians of the West understand the effectiveness of that option... [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]

Ukraine slides towards default

When the international bourgeoisie begins to openly worry about a default, we can be sure that the Ukrainian economy is in a lot of trouble... [read more]

Life, Oil and Ghosts in the delta of the river Niger

Sweet and light - crude oil from the delta of the river Niger is the major Nigerian commodity and European and American companies export it for a profit... [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]

Labour’s immigration Policy: A Progressive Perspective

Immigration, and how the parties claim they will control it, is one of a handful of issues that will be pivotal in swaying swing voters either right or left in this year’s general election... [read more]

Menace on the Menu: Development and the Globalization of Servitude‏ (Part 2)

Me-first acquisitiveness is now pervasive throughout the upper strata of society... [read more]

Piketty for Progressives - Part 5

Thomas Riggins continues with his analysis of Piketty's book Capital in the 21st Century... [read more]

Growth: the destructive god that can never be appeased

The blind pursuit of economic exapansion stokes a cycle of financial crisis, and is wrecking our world. Time for an alternative, writes George Monbiot.... [read more]

The revolutionary reawakening of Burkina Faso

The West African country of Burkina Faso exploded into a full blown revolutionary situation on Thursday 30th October... [read more]

Labour's vision

Labour leaders have often been eloquent in articulating a vision of the kind of society they want; it is explaining how that vision is to be realised that seems to be the problem... [read more]

Ukraine: NATO hypocrisy over “Russian invasion” as Kiev suffers defeat

As politicans from across the world met at the NATO summit in Wales, the crisis in Ukraine saw an escalation in rhetoric... [read more]

A strategy for improving economic performance

Former MP and member of the Labour shadow cabinet, Bryan Gould, discusses a strategy for improving economic performance and addressing inequality... [read more]

Fast-tracking Neo-liberalism in India

Apparently, the results of the national general election in India mark a turning point. We are told that the nation has spoken and has given the new Prime Minister Narendra Modi and his BJP party a ‘landslide victory’... [read more]

Time for a complete withdrawal in Afghanistan, we should never have invaded in the first place

Journalist Carol Grayson was asked to write an article on the war in Afghanistan for a new magazine, Afghan Zariza, but was told that the “boss” thought it was “too inflammatory, so the article was banned from publication!... [read more]

The Tory Party and Media Xenophobes

In recent days I have read a Tweet saying that if the next British General Election is fought on the issue of immigration then Labour will lose... [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]

Malala's ordeal

Dr Lal Khan explains how the Western media conveniently suppresses aspects of Malala Yousafzai's background so that Pakistani youth and workers remain oblivious of this brave girl’s struggle... [read more]

China’s All-Inclusive Economic Miracle: The Third Economic Bomb

George Tait Edwards explains China's recent economic success by examining its past history... [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]

Elections in Norway

Patrizia Bertini speaks with Norwegian Labour Party politician Rudolph Brynn about the general election next week... [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 Shimomuran Economics Solution to the Western Economic Crisis

George Tait Edwards explains how investment credit creation could resurrect Western economies... [read more]

The Key Relevance of the Writings of Professor Kenneth Kenkichi Kurihara

George Tait Edwards explains how the writings of economist Kenneth Kurihara serve as the gateway to understanding Shimomuran high-growth economics ... [read more]

An Economic Policy For A Post Neo-Liberal World (Part 2 of 3)

Former Labour MP and member of the Shadow Cabinet, Bryan Gould, provides a road map for reviving Britain's ailing economy... [read more]

An Economic Policy For A Post Neo-Liberal World (Part 1 of 3)

Former Labour MP and member of the Shadow Cabinet, Bryan Gould, provides a road map for reviving Britain's ailing economy... [read more]

The Origin and Spread of Investment Credit Economics

George Tait Edwards provides a brief timeline about the creation and spread of the new knowledge about how to make an economy grow with explosive force ... [read more]

The Master Economist Dr Osamu Shimomura - Probably the Greatest Economist of the 20th Century After John Maynard Keynes

George Tait Edwards discusses the immense contribution that Dr Osamu Shimomura (1910-1989) made to the field of economics... [read more]

The End of Money

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

A long and dishonourable tradition

George Osborne may be just about the last person in Britain to believe that austerity offers a real path to recovery from recession and the resumption of growth - and it may be doubted that even he remains a true believer, writes Bryan Gould... [read more]

Australia and Asylum Seekers: Media Perspectives

The issue is not 'boat people' but imperialist expansion explains Finn Bowen ... [read more]

Off the Agenda: The Unresolved Question of Egypt's Economy

A new Egypt demands a new constitution and president. Many pressing questions also need to be addressed, including the religious-secular divide, the value of Sharia in the making of law, citizenship, minority rights, the rule of civil society, foreign policy, and much more, says Ramzy Baroud.... [read more]

The Cuban Institute for Friendship with the Peoples

Tomasz Pierscionek writes about Cuba's internationalist outlook following discussions with a representative of the Cuban Institute for Friendship with the Peoples and his own observations in Havana... [read more]

Democracy is licking its wounds but the fight for social justice is gathering momentum

Sadly, the resounding feature of the 2012 local elections is one of a weak democracy. It’s true that of the 32 per cent of people who decided to vote, more voted Labour than any other party. But the dominant characteristic of 2012 is that almost seven in every 10 people decided that the election wasn’t worth the walk to the polling station writes Alfie Stirling.... [read more]

The great 'American' nightmare

Whilst some have gained much from India's economic boom, many have also lost out from the 'Americanisation of India'. Colin Todhunter discusses.... [read more]

Euro zone crisis: A Green alternative

We are watching economic injustice crush a nation before our eyes. On 20 March, Greece must meet the next tranche of debt repayments,says Alfie Stirling.... [read more]

Why Miliband and Balls have got it wrong

The capitulation by Labour to the austerity and cuts agenda of the Tories and the right-wing press has been confirmed by shadow chancellor Ed Balls' statement that Labour would not be able to reverse the Tory cuts and would maintain the pay freeze within the public sector if they come to power at the next election, says John Wight.... [read more]

New beginnings

John Green asks whether we need a mass party to represent the unions and the left and to advance the interests of the entire working class (Part 1)... [read more]

Global Development: Aid the myth of Western support

Elijah Pryor shows the true effect of Development Aid on poor countries... [read more]

Iranian \'assassination plot\': Cooked up to further U.S. aim of regime change?

Mazda Majidi dissects US allegations of an Iranian plot to assassinate a Saudi diplomat on American soil.... [read more]

The Truth About the Situation in Libya

As Colonel Gaddafi’s regime enters its final days, Brian Becker looks at NATOs involvement in bolstering the rebel movement and the truth behind the so called campaign of ‘humanitarian intervention’ ... [read more]

The Banker who knows his Kapital

John Green translates and reflects on an interview with Edgar Most formerly of Deustche Bank and of the GDR State Bank, where he considers capitalism vs. socialism.... [read more]

A Pint of Blood for a Glass of Milk: the Other Side of China’s Economic Ascendancy

The rise of China is almost universally hailed as a great success story. Ted Sprague considers the largely unreported human cost of China's forward march.... [read more]

Australia and Asylum Seekers: Another Offshore Solution?

Catherine Wilson reports on the Australian Government's approach to refugees and its attempts to avoid its obligations to the Refugee Convention by processing them overseas.... [read more]

Venezuela Creates Public Import-Export Company to Combat Capitalism

A new state-run import-export company will seek to redress regional trade imbalances in favour of Venezuela's economy, writes Kiraz Janicke.... [read more]

South American Nations Approve Multilateral Reconstruction Fund for Haiti

The Union of South American Nations has come together to raise funds for the reconstruction of Haiti's civilian infrastructure, as Kiraz Janicke reports.... [read more]

US Military Documents Show Colombia Base Agreement Poses Threat to Region

Garry Leech on the increasing international concern at US moves to consolidate and expand its military presence in Colombia.... [read more]

Obama: Progress Towards Fulfilling Manifesto Commitments

Chris Vasey reckons it's been a promising first few months in the White House for Barack Obama. ... [read more]

Tories and Cuts: The Dangers Ahead

Whatever David Cameron may be saying publicly, massive public sector cuts will be a certainty if the Tories win the next election, as Steve Jones explains.... [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]

From Aid Agency to Cash Machine?

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

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

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

£50bn Bail-out Will Not Stop the Rot

Socialist Appeal's Mick Brooks on the UK government's financial bail-out package.... [read more]

Cuba's "Green Revolution" an Example to Follow

As part of our ongoing series celebrating the impending 50th anniversary of the Cuban revolution, Tomasz Pierscionek examines Cuba's approach to the struggle for environmental conservation and sustainability.... [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]

Venezuela Bridges Diplomatic Fissures and Polishes Alliances in European Tour

James Suggett on the latest phase of Hugo Chávez's tour of Europe.... [read more]

Argentina Divided Over Agrarian Tax Reform

Samuele Mazzolini examines recent developments in the Argentinian Senate, where the right have rallied to block progressive tax reforms.... [read more]

Ecuador Seizes Banking Firms

Samuele Mazzolini on the bold steps taken by Ecuador's President Correa as he bids to bring financial stability and security to the country.... [read more]

Can the US Democrats Harness the Growing sense of Injustice?

The Democrats must move away from pro-business policies to secure electoral victory.... [read more]