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

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]

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]

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]

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]

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]

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]

How the NHS was Founded – the Fight Against Private Medicine

As Britain's National Health Service celebrates another milestone anniversary, Barbara Humphries reviews sixty years of struggle against encroaching privatisation.... [read more]

“Ryancare” Dead on Arrival: Can We Please Now Try Single Payer?

The new American Health Care Act has been unveiled, and critics are calling it more flawed even than the Obamacare it was meant to replace... [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]

Wobbly Stools

Uri Avnery considers the respective struggles facing three embattled leaders - Obama, Netanyahu and Abbas.... [read more]

Obama’s 2015 State of the Union Address: “That’s Not Who we Are”

Borrowing from Hollywood-themed awards ceremonies, political theatre was taken to new lows with Obama’s sixth State of the Union speech to the US Congress on January 20th... [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]

The Mockery of Banking Discipline

Part 7 of Eric Toussaint series, Banks versus the People: the Underside of a Rigged Game... [read more]

Paying by the mile

Sam Hunt lets off steam as he tallies up the cost of running a car these days... [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 War on the Post Office

The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.... [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]

Can Jill Carry Bernie’s Baton?

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

Service or Disservice?

The National Health versus The Health of the Nation by outRageous!... [read more]

Is Britain now Too Gerrymandered To Be A Genuine Democracy?

During the last 27 years, Conservative and Coalition Governments have passed legislation aimed at reducing the voting rights of people not likely to be supportive of the Conservative Party... [read more]

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken... [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]

The development of the European social models

The 19th century in Europe saw the development of philosophical, political and economical theories that challenged and questioned the political structure of the time (Part 1).... [read more]

The Great ESA Robbery

The removal of contributory Employment and Support Allowance assessment has not been a major talking point during the Welfare Reform Act's progress onto the statute book but I believe it is actually the most pernicious of all the benefit cuts which are just about to take place, writes Felix McHugh.... [read more]

Indiana: labor's next big battle

Jeff Bigelow discusses how the state of Indiana has become the latest battleground in the fight to prevent 'right to work' legislation coming into force ... [read more]

Election 2010: Don’t Mention the Class War

'New' Labour is too close to big business to deliver the radical change the country needs, but it is by far the lesser of the two evils on offer, writes Richie Nimmo.... [read more]

Bank Bailouts - Throwing Good Money After Bad

As the UK government plans further massive bank bailouts, Mick Brooks calls for the complete nationalisation of the banking industry.... [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]

The New Labour Brand is Now Toxic

John Cruddas MP on why the Labour Party's present crisis calls for a rejection of the ethos of selfish individualism which defined the New Labour project.... [read more]

Bail-out Blackmail

Mick Brooks on the truth behind the US government's bail-out of the financial sector.... [read more]

Neoliberalism Has Met Its Match in China

When the Federal Reserve cut interest rates last week, commentators were asking why. According to official data, the economy was rebounding... [read more]

The Runaway Dog

One of the paradoxes of our species is the total control we have over almost every aspect of our babyhood during the first year or so of life... [read more]

The American Dream Is Alive and Well—in China

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks.... [read more]

The Venezuela Myth Keeping Us From Transforming Our Economy

Modern Monetary Theory (MMT) is getting significant media attention these days, after Rep. Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the “Green New Deal.... [read more]

The Financial Secret Behind Germany’s Green Energy Revolution

Funding through the Federal Reserve may be controversial, but establishing a national public infrastructure and development bank should be a no-brainer.... [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]

A Public Bank for Los Angeles? City Council Puts It to the Voters

California legislators exploring the public bank option may be breaking not just from Wall Street but from the Federal Reserve.... [read more]

You can’t have human rights in a neoliberal economy: Britain and the Universal Declaration at 70

The Universal Declaration of Human Rights (UDHR) was adopted by the General Assembly of the United Nations in 1948... [read more]

Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work

California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008.... [read more]

Classy Questions

Are you fit enough to join the front-line in the UK's Class War?... [read more]

The Bayer-Monsanto Merger Is Bad News for the Planet

Bayer and Monsanto have a long history of collusion to poison the ecosystem for profit. The Trump administration should veto their merger not just to protect competitors but to ensure human and planetary survival.... [read more]

Reasons to Be Cheerful 2017

2017 is almost done. Many things have changed in the world whilst others remain the same. Capitalism and greed are still rife... [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]

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]

President Kong

The real sad fact is that in every single speech since the inauguration, the main theme – indeed, almost the only theme - of President Donald Trump is I – I – I.... [read more]

Power Will Be Restored

Would or could a different leader of this or that have altered the prospect of past, present or future... [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]

Cannabis -Marijuana: The “War on Weed” Is Winding Down – But Will Monsanto/Bayer Be the Winner?

The war on cannabis that began in the 1930s seems to be coming to an end... [read more]

Iraq’s Greatest Danger Yet: Collapse of: “The most dangerous dam in the world.”

It is hard to believe anything more catastrophic could befall Iraq. Now though comes a truly apocalyptic warning - that Mosul itself, Baji, Tikrit, ancient Samarra could be engulfed in a flood of literally biblical proportions... [read more]

Hillary Clinton on Cutting Drug Costs - ie: Kick the Poor off Medicare

Forbes magazine doesn't always paint a rosy picture of capitalism... [read more]

The Populist Revolution: Bernie and Beyond

The world is undergoing a populist revival. From the revolt against austerity led by Syriza to Jeremy Corbyn’s surprise victory as Labour leader... [read more]

The big private banks run on LTRO

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

What if David Cameron is a Gerrymandering PM?

Frankie Boyle the Scottish comedian used the Comment is Free section of the Guardian to ask the question “What if David Cameron is an Evil Genius?”... [read more]

A Gerrymandered Election and A Flawed Mandate

To the great puzzlement and consternation of pundits and pollsters, the British general election produced what seems a great democratic victory for the Conservative party... [read more]

General Election disaster for working people as Tories stay in power

Big business and the fat cats of the City of London are celebrating the victory of their friends in the Tory Party... [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]

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]

Just when hope and courage are called for, Labour promises bean-counting

Labour’s focus on cutting the deficit means progressive voters will have to look elsewhere for inspiration, writes George Monbiot.... [read more]

The Impunity Enjoyed by the Banks must Stop

The final part of the series by Eric Toussaint - The Banks and the “Too Big to Jail” Doctrine... [read more]

Waving in the first Row

Netanyahu went to Paris as part of his election campaign... [read more]

Where trade agreements are a risk to sovereignty

A nation's sovereign right to determine matters within its borders is put at risk where its government signs a trade agreement which includes a dispute resolution clause known as an Investor State Dispute Settlement ('ISDS') clause... [read more]

Big banks’ tampering with interest rates

Part 5 in the series by Eric Toussaint - The banks and the “too big to jail” doctrine... [read more]

Is ISIS Coming?

If ISIS had approached the borders of Israel this week, nobody in the country would have noticed. Israel was riveted to a court-room drama... [read more]

HSBC: the bank with a shameful past and scandalous present

The fourth article in the series The banks and the “too big to jail” doctrine by Eric Toussaint... [read more]

Muhammad, Where Are You?

About a month ago, on the eve of the Jewish New Year, the government statistical office published a set of interesting items about the population of the state... [read more]

Review: VJ McGill on Russell's Critique of Marxism

In the "The Philosophy of Bertrand Russell" volume in the Library of Living Philosophers (1944) VJ McGill (1897-1977) published a detailed critique of Russell's political and economic philosophy... [read more]

On Democracy and Strike Ballots

Given the bloody nose Boris Johnson received from the well supported actions of RMT members in their dispute over the closure of ticket offices, it is not surprising that he should be lobbying Cameron to neutralise the union's opposition... [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]

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]

Lenin's State and Revolution Today- The Preface

The first in a series of articles by Thomas Riggins analysing Lenin's famous work The State and Revolution: The Marxist theory of the State and the tasks of the Proletariat in the Revolution... [read more]

Waiting for Mangabe or Slavoj Zizek on Mandela's Socialist Failure

This is a reply to Slavoj Zizek's article "Mandela's Socialist Failure" published online in The Stone (a New York Times maintained philosophy blog) on December 6, 2013... [read more]

We can still celebrate bonfire night without burning toxic waste

Dioxins released when we set fire to our junk on Guy Fawkes night are entering the food chain, writes George Monbiot.... [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]

Aiming At The Wrong Target

Former Labour cabinet member, Bryan Gould, takes to task recent comments made by Shadow Secretary of State for Work and Pensions, Rachel Reeves on the subject of the unemployed... [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]

Marx Reloaded

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

Line of Battle

The 'private good, public bad' madness sees a bedroom tax foisted on the poor while the rich amass vast property wealth, writes George Monbiot.... [read more]

Review - Health Care Reform and Globalisation: The US, China and Europe in Comparative Perspective

David Lane reviews a book which illustrates the global nature of developments in healthcare: Health Care Reform and Globalisation: The US, China and Europe in Comparative Perspective... [read more]

Principal Stages in the History of Bolshevism 1905-1917 and their Relevance Today

Lenin, in his book "'Left Wing' Communism: An Infantile Disorder," written in 1920, maintained that lessons from the Russian Revolution were of interest to those outside Russia. Thomas Riggins provides an analysis. ... [read more]

Nuclear power, the energy of protest: The future could be renewable

With proper commitment and investment in renewable energy and a push towards an alternative model of development, the future need not resemble the past or indeed the increasingly catastrophic present, writes Colin Todhunter. ... [read more]

Poisoning Arafat

Uri Avnery asks whether the late Palestinian Prime Minister, Yasser Arafat, was assassinated by Ariel Sharon... [read more]

A Ghost Story Retailed

W Stephen Gilbert delivers an up-to-date, state and fate of the retail trade in Britain, it is partly warmingly, personal and anecdotal, and partly a critical overview: part one... [read more]

Good and Evil

What happened to considerations of good and evil? This is the question that Jean Claude van Itallie ponders.... [read more]

Bankers' Coups D'etat in Southern Europe

Steven Colatrella unveils that the very tenets of democracy in Europe are under threat as finance capital launches the first of its coups d'etat in Greece and Italy.... [read more]

A new fiscal policy for London?

Oliver Healey explains how giving the London Assembly greater control over taxation would benefit both the capital and the country as a whole... [read more]

The Health and Social Care Bill and the Negation of Democracy

Colin Leys discusses the profound impact that the Health and Social Care Bill will have upon the publically owned National Health Service... [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]

How the Billionaires Broke the System

The US deficit reduction plan makes no sense – until you remember who’s behind the Tea Party movement. ... [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]

Venezuelan UN Speech Criticises "Market Totalitarianism"

The Venezuelan ambassador to the UN, Jordge Valero, has delivered a stinging attack on global capitalism's failure to guarantee basic human rights, as Tamara Pearson reports.... [read more]

Lansley can Shove his White Paper

The Tory-Lib Dem coalition is intent on a wholesale privatisation of the National Health Service, writes John Lister.... [read more]

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

The second part of Tomasz Pierscionek's discussion with prominent anti-privatisation campaigner John Lister.... [read more]

Britain's Coalition Government: Unleashing the Forces of Hell

It's now several weeks since the Tories swept into office, propped up by the Liberal Democrats. Chris Mason-Felsing looks at the story so far.... [read more]

Election 2010: A First-Time Voter's View

Chris Mason-Fielding voted in his first election on May 6th. He reflects on an entertaining and eventful campaign.... [read more]

An Eruption of Reality

George Monbiot asks: has our society become too complex to sustain?... [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]

Turkey: Working Class Resistance Rebuilding Itself

Ekrem Ekici and Ceren Türkmen on how Turkey's labour organisations are fighting back against privatisation and attacks on labour rights. ... [read more]

Why No Government Jobs Program?

Rick Wolff on the Obama administration's weak response to the economic crisis.... [read more]

President Obama Announces $1 trillion ‘New Deal’ Programme

Christopher Vasey on the Obama administration's new initiative to kick-start the US economy.... [read more]

Book Review: Frank Ackerman, "Can We Afford the Future?"

Matt Genner on a new book which debunks the economic myths around global warming.... [read more]

US Electorate Votes on Social Policy Issues

Major upheavals at the national level have overshadowed local developments in much of the US election coverage. Demetrius Notice rounds up a number of important state-level ballot measures pertaining to various aspects of social policy.... [read more]

The Triumph of Ignorance: Why Morons Succeed in US politics

An exasperated George Monbiot tries to account for the pervasiveness of vacuous, ill-informed garbage in the discourse of US electoral politics.... [read more]

Unprecedented!

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

After the Crash of 2008, Who Owns the Progressive Future?

Jonathan Rutherford on how the current economic crisis has highlighted the iniquities intrinsic to capitalist society.... [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]

The Working Class Must Not be Left to Pay for Wall Street Mess

Socialist Appeal's Walter Leon on the far-reaching implications of the financial crisis. ... [read more]

Financial Meltdown Deepens

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

Corporate Media Bashes Venezuelan Government's Law Decrees

Chavez critics don't explain Venezuelan law or how Supreme Court rulings interpret it. Nor do they report how the Enabling Law works, that the nation's Constitution authorizes it, that four other presidents used it, among many other things. How can they? It would expose their false accusations and discredit their entire argument.... [read more]

Hedge Funds, Speculation and Capitalism

With market speculation very much in the news at the moment, Mick Brooks examines the phenomenon of the hedge fund, and its role in the current economic malaise.... [read more]

Another Defeat for the Italian Left

Samuele Mazzolini on what the Italian Left can learn from its recent election defeat.... [read more]