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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]

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]

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]

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]

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]

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]

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]

“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]

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]

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]

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]

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]

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]

Trumping the Federal Debt Without Playing the Default Card

The government can reduce the debt by buying it – and ripping it up... [read more]

Bank Created Credit

Former MP and member of the Labour shadow cabinet, Bryan Gould, explains how orthodox monetary policy is fundamentally misconceived... [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]

A Tale of Two Prime Ministers

George Tait Edwards comments on the comparisons and contrasts between the policies and personalities of Shinzo Abe, the Prime Minster of Japan, and David Cameron, the Prime Minister of the United Kingdom... [read more]

Back to Boom and Bust

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

Chávez Emphasizes Global Context of Venezuelan Food Shortages

James Suggett on Venezuelan fears of a global food crisis.... [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]

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]

A Slow-Burning Revolution‏

Former MP and member of the Labour shadow cabinet, Bryan Gould, details the beginnings of a paradigm shift in economic thinking... [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 End of Money

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

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]

An economy ruled by the mob

It is not easy for any of us to get our heads around the complexities of modern economics. Many capitalists themselves and certainly most politicians no longer understand how the system really works... [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 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]

Boom at the top

At a time when the poorest are being hit hardest, W Stephen Gilbert comments on the obsence bonuses enjoyed by those at the top echelons of the financial sector and puts paid to the reasons most commonly used to justify such unfair practice.... [read more]

Venezuela: Workers and State Rally for Nationalizations,

James Suggett on a new series of anti-corruption measures in Venezuela.... [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]

Welcome back, Ms Thatcher!

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

Can Jill Carry Bernie’s Baton?

Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate... [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]

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]

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]

Part 3 of the series Governments submit to “Too Big to Fail” banks

Private banks shamefully enjoy a monopoly of lending to the public 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 Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis... [read more]

Derailing Amtrak

Tracking the Latest Disaster in the Infrastructure Crisis... [read more]

A poem for The Great Shimomura

There once was a man who had a plan to double the income of Japan... [read more]

Economic Policies for an Incoming Labour Government (Part 6 of 9)

The No-Cost Keynesian Stimulation of Demand in the Economy ... [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]

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]

Capitalism and crisis

Nelson Wan provides an overview of Marx's explanation for why capitalism goes into crisis, discussing the inherent contradictions within the capitalism system... [read more]

An Extended Review of "Princes of the Yen" by Professor Richard Werner

George Tait Edwards reviews “Princes of the Yen”, the latest book written by Professor Richard Werner... [read more]

The Disenchantment Of British Voters With Democracy

Former MP and member of the Labour shadow cabinet, Bryan Gould, explains the need for politicians to restore public faith in the value of government and democracy in order to cure voter disaffection ... [read more]

Russell Brand and the Nixon inequality shock

Russell Brand's call for revolution reverberated with many beyond the underclass he referenced... [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]

An Economic Policy For A Post Neo-Liberal World (Part 3 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]

Margaret Thatcher's Contribution to Neoliberalism

Former Labour MP and Shadow Cabinet member, Bryan Gould, reflects on the tendency to lionise and exaggerate the importance of Margaret Thatcher's contribution towards promoting free market economics... [read more]

Financial Chaos Coming on London Tube

The RMT's Rick Grogan on the disastrous financial management of London's part-privatised transport system.... [read more]

The End of "The End of History"

David Brandon examines the discredited view that world history came to an end when the Berlin Wall came down.... [read more]

A Confession

Today is the last day of the 93rd year of my life. Ridiculous. If by a miracle I could be returned to, say, 14, and travel all this long way again, would I like that? No, I would not.... [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]

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]

The Saga of Sisyphus

Shimon Peres was a genius. A genius of impersonation... [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]

Self, Celebrity, Debt And Sport

"Whenever you find yourself on the side of the majority it is time to pause and reflect" Mark Twain... [read more]

The big private banks run on LTRO

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

BCE / LTRO: what’s that ?

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

The Real Menace

Let's put it bluntly: to try to stop IS means supporting the Assad regime. Bashar al-Assad is an abominable fellow, but he has kept Syria together, protected its many minorities and kept the Israeli border quiet... [read more]

A Corbyn leadership

Bryan Gould, former Labour shadow cabinet minister, asks how left-wing is Jeremy Corbyn... [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]

Which direction for Labour?

Bryan Gould, former Labour shadow cabinet minister, says Labour's leaders must be prepared to do the hard work needed to produce a convincing alternative in line with much current and developing economic thinking... [read more]

The Labour leadership election

Bryan Gould, former member of the Labour shadow cabinet, describes what is missing from the leadership contest... [read more]

How the Election Was Won‏

Bryan Gould, former member of the Labour shadow cabinet, explains how popular sentiment on political issues can be manipulated... [read more]

Modern Ukraine RIP (Born 1991- Died 2014)

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

Economic Policies for an Incoming Labour Government (Part 7 of 9)

The Re-Establishment of British Banks Along Four Main Functional Lines... [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]

The War on Terror and the Terror of War

The vicious cycle of state and individual terror continues unabated. Marxists have long explained that imperialism and Islamic fundamentalism are two aspects of the same reactionary phenomenon—the decay and decline of capitalism—which threatens to take the whole of humanity down with it.... [read more]

The Imminent Prospect of a US-Iran Breakthrough worries the Hawks

The international community grapples once again with the imminent prospect of a “nuclear deal” between the US (P5+1) and Iran before the extended deadline of November 24 arrives... [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]

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]

India: a vote of despair

Dr Lal Khan provides analysis on the Indian elections and the landslide victory of the BJP... [read more]

Who Owns the Future?

Bryan Gould states there is no novelty in arguing, as George Osborne does, that there is no alternative to his destructive and divisive policies of austerity... [read more]

Carry out the legacy of Hugo Chavez!

5th March marked one year since the death of Hugo Chávez, the great Venezuelan revolutionary, who was an inspiration to the masses in Latin America and across the world... [read more]

Solidarity with the Bolivarian revolution in the face of economic war

In the run up to the 8th December municipal elections in Venezuela, the campaign of speculation, hoarding, profiteering, overpricing and sabotage of the economy has intensified... [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 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 farce of the Hinkley C nuclear reactor will haunt Britain for decades

We need nuclear power. But the government has plumped for outdated technology at the worst price imaginable, writes George Monbiot.... [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 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]

Why Will Labour Not Readmit Me?

On 12th May, I re-joined the Fabian Society and the Christian Socialist Movement, writes David Lindsay... [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]

Eight Questions for Western Government Economic Advisors

Economist George Tait Edwards MBE asks Western economists eight direct questions... [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]

Marx Reloaded

Thomas Riggins reviews Marx Reloaded, a film by Jason Barker... [read more]

The ‘MENA’ region and the International Monetary Fund

Daniel Robicheau describes the lead up to the war in Syria and the involvement of the IMF... [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]

If markets weren't masters and economics worked for people

The choice on the one hand is for people to be a resource for a rich economy. The choice on the other is for a rich economy to be a resource for society. Alfie Stirling explains... [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]

Dead-end journey

Colin Todhunter, London Progressive Journal's India correspondent, reports from Chennai on how a funeral procession through a poor neighbourhood is a metaphor for where India is heading with current social and economic policies... [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]

Saltley Gate 1972

Terry McPartlan recalls how forty years ago coordinated and determined action by unions halted the Conservative government's plans to drive down living standards... [read more]

The Great Pay Robbery

Here’s why the government’s proposals on executive pay won’t work – and why we need a maximum wage, says George Monbiot.... [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]

A new year

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

Obit: Never a Soft or quiet Russell

W Stephen Gilbert pays tribute to Ken Russell, the enigmatic, eccentric film director who died on Sunday. ... [read more]

Why I think students fees are a good thing...

In an ideal world (one in which The X Factor is but a terrible dream, foisted upon us by a vengeful Satan), students wouldn't have to pay tuition fees, says Chris Mason-Felsing.... [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]

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]

Reformed Venezuelan Bank Law Separates Banks and Media

Tamara Pearson reports on an important Venezuelan initiative to prevent the corporate media from getting directly involved in the banking and finance industries.... [read more]

Defending the NHS Against Privatisation: John Lister talks to London Progressive Journal (Part One)

Tomasz Pierscionek talked to veteran health campaigner and London Health Emergency information director Dr John Lister.... [read more]

Michael Foot and his Legacy for Labour

Michael Foot stood head and shoulders above the men who succeeded him as Labour leader, argues Barbara Humphries.... [read more]

Our Hollowed Out Democracy

Thus far, the Tory and Labour election campaigns have been a showcase of the hypocrisy at the heart of British politics, writes Richie Nimmo.... [read more]

Workers' Participation is Necessary for Final Push in Iran

If the unrest in Iran is to culminate in a radical upheaval, Iran's workers will have to take centre-stage, argues Maziar Razi.... [read more]

Bye Bye, Dubai?

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

Iran and The Green Revolution: Is a Revolution Possible?

Chris Vasey looks to make sense of the complex situation currently unfolding in Iran.... [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]

Crisis: The Worst Since the 1930s

Michael Roberts argues the present economic slump is merely the first stage of a long-term deflationary depression.... [read more]

One Shot Left

George Monbiot on how the Bush administration, in its final death throes, is stepping up its war on the environment.... [read more]

‘Justice’ Cut to the Bone

Rob Ray considers the effect of budget cuts across the criminal justice system.... [read more]

Students - Join the Fight for Socialism

As the academic term begins in earnest, Socialist Appeal's Dan Morley outlines why students should join the struggle for socialism.... [read more]

Financial Meltdown Deepens

In the wake of the collapse of Lehman Brothers, Michael Roberts examines the present financial slump. ... [read more]

Labour Must Endorse Living Wage Campaign to Win Back Popular Support

Matt Genner argues that committing itself to a national living wage would help restore Labour's credentials as the mainstream party most committed to social justice. ... [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]

Venezuela Increases Oil Financing for Petrocaribe Nations

James Suggett on how Venezuela is taking a lead in strengthening economic links between Latin America and the Caribbean.... [read more]

Losing the Will to Serve

With below-inflation pay rises and increased targets, no wonder Labour has lost the votes of the public sector workers who keep this country going.... [read more]

RMT Ballot 17,000 Network Rail Workers

With strike action apparently looming, Rick Grogan outlines the basic demands underpinning the present rail dispute.... [read more]

Resist the Ration Cuts!

Ending the food ration system in Iraq will cause a humanitarian disaster.... [read more]

Brown's Taxation U-Turn Shows Labour Is In Thrall To Big Business....Again

Labour's U-turn on non-domicile tax threatens their credibility and electoral prospects.... [read more]