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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]

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 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]

BP’s Dumb Investors

The companies now threatening to sue BP have only themselves to blame, writes George Monbiot.... [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]

Derailing Amtrak

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

Unprecedented!

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

If China Can Fund infrastructure with Its Own Credit, So Can We

While American politicians debate endlessly over how to finance the needed fixes and which ones to implement, the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade... [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]

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]

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]

Financial Meltdown Deepens

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

Making a Killing from Hunger

Leading NGO GRAIN on why we need to overturn food policy.... [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]

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]

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]

BCE / LTRO: what’s that ?

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

Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, is more profitable than Goldman Sachs Group... [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]

Not just a pretty Face(Book)

Google has a rival. Mirage discusses the rise of the social media application Facebook as it lays down the gauntlet... [read more]

Slash and Burn Capitalism

Now the government intends to strip away protection from our most treasured places, says George Monbiot.... [read more]

Telling the Players with a Scorecard

How politics is manifested as economics and economics as politics should concern us right now, argues Steven Colatrella.... [read more]

Why We Must Nationalise Northern Rock

Examining the ongoing crisis of the Northern Rock bank, Chris Vasey argues nationalisation is the only way to safeguard public money and jobs.... [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]

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]

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]

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]

Funding California Schools: Proposition 51 Versus a State-owned Bank

There is a much cheaper way to fund this $9 billion school debt... [read more]

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]

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 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]

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]

What GMOs Are Really About: Profits, Power and Geopolitics

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

The Economy: Happy Days Are Here Again! For Whom?

Last week the stock market made a great leap forward. "Dow Leaps to Record" the Wall Street Journal blazoned on its front page. Thomas Riggins shows that the resurrection and coming again of the Dow is only one expression of the economy... [read more]

The Money Gusher

The oil industry’s decommissioning costs will dwarf those of nuclear power. The money being made now should be put aside to meet them, writes George Monbiot.... [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]

Venezuela Halts Mining in Forest Preserve, but Renews Permit Discussions

James Suggett on the ongoing struggle for control of Venezuela's natural resources.... [read more]

Control Freaks

Open your hand and breathe into the palm. Now close your fist. What have you caught?... [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]

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]

“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]

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]

“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]

Ukraine, the price of survival: from civilian aircraft to attack drones

The Ukrainian aviation conglomerate Antonov was more than an industry; it was a legend... [read more]

Reinventing Banking: From Russia to Iceland to Ecuador

Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself... [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]

A major factor in Jeremy Corbyn’s appeal to voters

It is Labour’s long-standing support for, and failure to challenge, the central tenets of neo-classical orthodoxy that has disabled any challenge they have tried to make to any other aspect of the Tory progamme... [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]

Labour’s Lost Soul: the UK and the Labour Party leadership election

I’ve done it, pushed out my boat on to uncharted seas and voted for Jeremy Corbyn to be leader of Britain’s Labour Party... [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]

Marching Against Austerity: London 20 June 2015

Up to 250,000 people came to London and no one can argue that the demonstration, organised by The People's Assembly, wasn’t representative of the broad spectrum of people’s anger against Tory policies... [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]

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

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

With this attack on community energy the big six win out over 'big society'

By changing the rules, this government has sabotaged the promise of a UK community energy revolution and secured the dominance of the big six energy companies, writes George Monbiot.... [read more]

The TTIP trade deal will throw equality before the law on the corporate bonfire

The Transatlantic Trade and Investment Partnership is a reckless destruction of democratic principles. But we can beat it, writes George Monbiot.... [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]

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]

Happy Independence Day? India, Monsanto, GMOs and the Bigger Picture

On 15 August, India will mark its 67th anniversary of independence from Britain. It may seem strange to some that a nation would publicly celebrate its independence while at the same time it less publicly cedes it to outsiders... [read more]

Israel: International Anger Mounts

“The situation involving Palestine 
and Israel is an undeclared war, in which the aggressor, Israel, has 
destroyed the Palestinian economy, robbed people of their land, 
unilaterally changed borders, and unilaterally built a wall of exclusion 
to keep Palestinians out of their land... [read more]

Rethinking Economics The Washington Consensus vs the Tokyo Consensus Background

On Tuesday 6 May 2014, I published a blog about ”Shimomuran Economics and the Rise of Japan”... [read more]

Has the US-UK War for Oil Detonated the “New Iraq”?

Flames are rising from Iraq's largest oil refinery at Baiji, the result of mortar attacks by the varying forces sweeping towards the capital city. Felicity Arbuthnot describes the latest tragedy to befall Iraq... [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]

The myths about Marxism

The past two decades have witnessed a barrage of propaganda against Marxism and its revolutionary heritage from the mainstream media... [read more]

Captain Boycott Rides Again

It has always been a secret ambition of mine to have a Bagatz ruling bearing my name... [read more]

From Austerity to Prosperity: Why I Am Running for California Treasurer

Welfare payments, health care for the poor, and benefits for the elderly and disabled have been slashed. State workers have been downsized... [read more]

Shimomuran Economics is the Most Significant Advance Ever Made in Economic Understanding and the West Still Doesn't Get It

Shimomuran economics is the name I have given to the collection of no-debt, high-growth economic understandings practised in post-war Japan and post-rapprochement China... [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]

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]

Russian Revolution still a shining example

Following the 96th anniversary of this world-shaking event, Eugene Puryear describes the historical significance of the Russian revolution and shows that more people are looking to an alternative as global capitalism continues to decline... [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]

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]

Elections in Norway

Patrizia Bertini speaks with Norwegian Labour Party politician Rudolph Brynn about the general election next week... [read more]

Education for the Masses

If education served to empower people, they would be taught how to live off the land, how to clean, how to talk to other people and how to pursue their own interests... [read more]

The Errors of the ‘Localism Act’: Tax, Growth and Urban Expansion

Elijah Pryor identifies several problems associated with the introduction of the Localism Act... [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]

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]

Beer, Vomit And Lipstick: Revolting Acts In An Age Of Crisis

'Freedom' within the confines of what increasingly resembles an open prison isn't much to celebrate. The actual reality in Britain is economic meltdown and social crisis, writes Colin Todhunter ... [read more]

Democracy and Slaughter in Burma: Gold Rush Overrides Human Rights

The widespread killings of Rohingya Muslims in Burma – or Myanmar - have received only passing and dispassionate coverage in most media. What they actually warrant is widespread outrage, says Ramzy Baroud.... [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]

CIA and MI5 linked to assassinations in the Congo in sixties

Shortly after progressive Congolese leader Patrice Lumumba was overthrown by a Western backed coup in 1960, the former UN secretary general, Dag Hammarskjöld, died in mysterious circumstances. John Green asks if the two events were in any way connected.... [read more]

Book review- The Strongman: Vladimir Putin and the Struggle for Russia

David Lane reviews ‘The Strongman: Vladimir Putin and the Struggle for Russia’ by Angus Roxburgh... [read more]

An outRageous! essay on The Arts, Education and The People.

This rant is aimed at your crassness, Cameron. It goes to the heart of what is art, and why it's so important in preparing people for democracy, says outRageous!... [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]

Are U.S./NATO powers aiming to make Syria into Libya 2.0?

Mazda Majidi asks whether the NATO attack on Libya was just a dress rehersal for a future invasion of Syria... [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]

The Real Cost of the Banking Crisis

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

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]

Manufactured Famine

George Monbiot on the European trade initiatives which are likely to exacerbate existing food shortages in the developing world.... [read more]

Poor get Hit as Business Walks Free

Rob Ray on why the Treasury won't plug the holes in the UK tax system.... [read more]

Nigeria: Corruption Pays

Ian Broughton compares the situation in Kenya with recent history in Nigeria.... [read more]