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The Origin of Shimomura’s Japanese Economic Miracle, or the Second Economic Bomb - Japan from 1946 to 1965 (Economic miracles Part 2)

Japan was the first Asian country to demonstrate how a self-confident culture, with adequate leadership, could rapidly adopt Western industrial technologies while preserving the integrity of their domestic cultural legacy... [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 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]

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]

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]

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]

Another Keynes was Born and Lived and Died in Japan and The West Didn’t Notice

Another Keynes was born in the Saga Prefecture in the north west part of the island of Kyushu, Japan, in 1910 ... [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]

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]

The Shimomuran Economics Solution to the Western Economic Crisis

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

Economic Policies for an Incoming Labour Government (Part 4 of 9 - Shimomuran Economics

Bryan Gould and George Tait Edwards describe Shimomuran Economics... [read more]

Update On Shimomuran Economics: The Day May Come

Western governments and their advisors can no longer continue to ignore the work of the master economist Dr Osamu Shimomura (1910-1989) who provided the insights which have produced the high growth of the China Sea economic zone... [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]

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]

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]

Western Economic Decline Exists Because Western Economists And Politicians Have Ignored Shimomuran Economics. How Long Will the West lag behind?

The second most important economist of the 20th century (after John Maynard Keynes) was Dr Osamu Shimomura, the “Father of the Japanese Economic Miracle” ... [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]

Why Not Create A Scottish Pound and Adopt Investment Credit Economics to Scotland’s Benefit?

On 21 February I sent an email to the Government of Scotland, suggesting it would be an immense advantage to the “Yes” campaign for Scottish independence if the Scots adopted a policy of having their own currency when independent... [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]

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

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

The Failure of Innovation in the Anglo-Saxon Economies

George Tait Edwards examines the role of innovation in economic development... [read more]

Eight Questions for Western Government Economic Advisors

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

Common Factors in Cases of Economic Resurgence

Successive British Governments have persistently denied the importance of industry in the national economy, with some of ministers foolishly regarding industrial decline as inevitable writes George T Edwards... [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]

Lucky Bastards of The 20th Century: The Story of The Economic Bomb

During 1980 a small group was formed to act under the aegis of Michael Grylls, MP, who was then the Chairman of the back bench Industry Committee in the House of Commons... [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]

'Good' and 'Bad' war - and the struggle of memory against forgetting

The regime that Washington created in the South, the “good” Korea, was set up and run largely by those who had collaborated with Japan and America, writes John Pilger.... [read more]

'Good and Bad' war - and the struggle of memory against forgetting

The regime that Washington created in the South, the “good” Korea, was set up and run largely by those who had collaborated with Japan and America, writes John Pilger.... [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]

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]

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]

“Confronting China”: John Pilger Talks about His New Film, America’s ‘Pivot to Asia’, and the Role of Japan and Australia

T.J. Coles, author of Britain’s Secret Wars talks to multi-awarded-winning journalist, author and filmmaker, John Pilger, about his new documentary, The Coming War on China... [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]

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

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

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]

Making the World Safe for Banksters: Syria in the Cross-hairs

In an August 2013, journalist Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street ans US Treasury officials to open banking to the lucrative derivatives business... [read more]

Frozen Assets

Why are we exploiting unconventional gas when we can’t afford to burn existing supplies? George Monbiot asks the crucial question.... [read more]

The Naming of Things

George Monbiot suggests one small way in which the collapse of biodiversity could be slowed.... [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]

Reactive Mismeasures: The New Yorker and the "New" Cold War Propaganda (Part 2)

This is the second part of a paragraph by paragraph commentary on a recent article posing as journalism in the March 6, 2017 issue of The New Yorker.... [read more]

How to defeat war-mongering America

The recent actions by Trump are a futile attempt to regain the waning global influence of American imperialist hegemony... [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]

America Polarized in Turmoil

United, we must take back our country from the ultra-supremacists in the White House... [read more]

The Israeli Trumpess

What will Donald Trump do if he loses the elections in a week and a half from now, as most polls indicate?... [read more]

Can Jill Carry Bernie’s Baton?

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

INET Should Rename Itself IPNET Because Preventing New Economic Thinking Is What it Does

INET is a cheerleader and supporter of the Washington Consensus... [read more]

The Reign of Absurdiocy

There is no such thing as "international terrorism". To declare war on "international terrorism" is nonsense. Politicians who do so are either fools or cynics, and probably both.... [read more]

Ideological reforms vs Greek democracy

Bryan Gould, former Labour shadow cabinet minister, explains how Europe is witnessing a triumph of ideology over common sense ... [read more]

Reflections on China’s South Sea Trouble Thomas Riggins

Lying in the South China Sea between Indochina and the Philippines is a collection of 700 or so small islands collectively known as the Spratly Islands... [read more]

California Water Wars: Another Form of Asset Stripping?

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped... [read more]

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]

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]

What GMOs Are Really About: Profits, Power and Geopolitics

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

Decent Respect

Sweden, like Britain, was always considered a "pro-Israeli" country, loyally voting against "anti-Israel" resolutions in the UN. If such important Western nations are reconsidering their attitudes towards the policy of Israel, what does it mean?... [read more]

In One Word: Poof!

Poor John Kerry. This week he emitted a sound that was more expressive than pages of diplomatic babble.... [read more]

The Logic of War Crimes in a Criminal War

When U.S. marines carried out the savage and systematic execution of Iraqi families and small children in Haditha [in November 2004], it was initially reported as a “battle” with “insurgent casualties.”... [read more]

In Defence of Lenin

Following the 90th anniversary of Lenin's death, Rob Sewell reviews his legacy... [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]

The Many Major Uses of Investment Credit Creation: A brief walk through the observed results so far, and the future possibilities made available through Shimomuran Economics

Money is the measure of all things and personal wealth sets the boundaries of what the individual and his or her family can afford... [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]

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]

Nations Get what their Financial-Industrial Systems Deliver: A Comparative Analysis of Three Different Groups of Financial-Industrial Systems

George Tait Edwards compares three different financial-industrial systems and considers the merits of each model... [read more]

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]

Through the looking glass: An insight into old age and PTSD

History gives us perspective, it’s the chance to look back on events and examine the findings. History is the opportunity to question our direction writes Hussein Al-Alak... [read more]

The end of nuclear power? Careful what you wish for

Flawed and stalled as the plans for toxic waste may be, at least they exist. There is no way to clean up CO2, the greater evil, writes George Monbiot.... [read more]

A Different War in Gaza, and the War Ahead

Ramzy Baroud writes, in life, some phenomena cannot be explained by ordinary logic or technical language, let alone official discourses. How did Gaza manage to fight back with such ferocity and undying vigour in quelling the latest Israeli war despite years of a bloody siege and one-sided war in 2008-9?... [read more]

The Spectre of Communism

The eulogies in the media for the late Marxist historian, Eric Hobsbawm, praise his historical insight yet express bemusement at his adherence to the Communist cause. Why is there a lack of understanding as to why so many of his generation remained loyal to the cause of their youth? John Green explains.... [read more]

For Those Who Love Life

The people cutting open bluefin tuna nets are heroes: they are stepping in where governments have failed, to protect our common heritage, says George Monbiot.... [read more]

Girl Model

David Morgan brings to light a deeply worrying trend that exists within the Japanese modelling agency ... [read more]

From Kim Jong Il to Kim Jong Un

Reece Ferguson provides a detailed report of the funeral of late North Korean leader Kim Jong Il... [read more]

Slavery for Dummies- Part three

The third and final part of an analysis by OutRageous! looking at the slavery endemic in our modern society. ... [read more]

The Reluctant Revolutionaries

Hussein Al-Alak talks about the origins of Combat Stress- a charity that has cared for the mental health of veterans since the First World War.... [read more]

Conflict on the Korean Peninsula

The tensions on the Korean border are unlikely to die down so long as the US maintains its intransigent stance towards North Korea, says Kevin Gray.... [read more]

Combat Stress: A Living History

Hussein Al-Alak looks at the lifesaving work of a mental health charity that has spent the past ninety years helping ex-soldiers cope with life after service.... [read more]

Book of the Month: Alex Callinicos, Imperialism and Global Political Economy

Nathaniel Mehr reviews this month's recommendation.... [read more]

Venezuela’s Chávez Declares Support for Obama’s Nuclear Disarmament Pledge

James Suggett on the Venezuelan president's declaration of support for a worldwide disarmament campaign.... [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]

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]

A Sporting Chance: Why the Olympics is a Perfect Arena for Protest

Alexa Van Sickle on the significane of the Olympic protests.... [read more]