A non-partisan journal of the left.

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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]

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]

Tata Steel

Former Labour shadow cabinet minister, Bryan Gould, explains the consequence of the decline of British manufacturing is that we have run a perennial trade deficit in every year since 1982... [read more]

How Can We Save the British Economy from Third Rate Status?

Following the decline of the manufacturing sector, in recent years, Dr Jonathan Feldmann discusses ways in which Britain could go about redeveloping its industrial base... [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]

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]

EU - Should we stay or should we go?

Former Labour shadow cabinet minister, Bryan Gould, questions the economic benefits Britain supposedly derives from being part of the EU... [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]

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]

The Left Case For Brexit

Former Labour shadow cabinet minister, Bryan Gould, puts forward the left wing case for Brexit... [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]

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 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]

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]

Margaret Thatcher and the bias of the British Media

Dr Amjad Mirza reflects on the response of the mainstream media to Margaret Thatcher's death... [read more]

Welcome to Austerity Britain

Whoever wins the next election, 'austerity' - i.e. cutting back services for those who need them most - will be the watchword of British politics for the next few years, as Rob Sewell explains.... [read more]

How Russiagate replaced Analysis of the 2016 Election

Blaming an outside power is a good way to prevent self analysis and positive change. It's gone on far too long.... [read more]

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

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

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]

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]

The Gift of Death

Every year we splurge on pointless, planet-trashing products, most of which are not wanted. Why not just bake them a cake, asks George Monbiot. ... [read more]

Embracing the Working Time Directive

Karl Davis has some advice for David Cameron... [read more]

Poor's show

Ever since the decline of European Socialism in the 1980s and the collapse of the Soviet Union in the ’90s, capitalism has considered itself king of the world and has behaved accordingly, says W Stephen Gilbert.... [read more]

Thatcher - The Real Legacy

With the right-wing press this week celebrating the anniversary of Margaret Thatcher's rise to power, David Brandon reminds us that it was Thatcher's politics that paved the way for the present crisis. ... [read more]

Interview: Greg Maughan, Campaign for a New Workers' Party

Cristina Brooks spoke to Greg Maughan of the Campaign for a New Workers' Party about his views on recent developments in the economic sphere.... [read more]

Economic Outlook Worsens as Unemployment Increases

With UK unemployment figures reaching a ten-year high, Christopher Vasey reviews the experts' forecasts for an even gloomier 2009.... [read more]

Back to Boom and Bust

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

Death of the Noble Idea

Big money trumps everything in politics, even the most dearly-held beliefs.... [read more]

The Key to Solving the Climate Crisis Is Beneath Our Feet

The Green New Deal resolution that was introduced into the U.S. House of Representatives in February hit a wall in the Senate, where it was called unrealistic and unaffordable... [read more]

Paul Volcker’s Long Shadow

Former Federal Reserve Chairman Alan Greenspan called Paul Volcker “the most effective chairman in the history of the Federal Reserve.... [read more]

The Disaster of Negative Interest Rates

The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory.... [read more]

The Hollow Centre

Its hard now to believe how things once were. Full-blooded socialism never found a secure place in the British experience, but through the Seventies we had something more than the piecemeal reform of social democracy.... [read more]

Political commentators

Political commentators have long been puzzled by the fact that, right across the globe and for several decades, the political left has been in retreat and – more than that – has apparently been unable to mount any significant challenge to the growing neo-liberal hegemony which has dominated western democracies since the 1980s... [read more]

Scottish Left On The Eve of the Centenary of Bolshevik Revolution

Scottish coordinator for ICOR, Amjad Ayub Mirza looks at the effects of revisionism and reformism on Scottish left politics... [read more]

1945

1945 is a sacred year in Labour mythology... [read more]

America Polarized in Turmoil

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

If Only...

Discontent among the uninformed tends toward unreasoned emotion. The educated dissentient is able and willing to identify the nature of a problem and articulate an indictment of the problem’s source.... [read more]

Jeremy Corbyn, Labour’s Unelectable Leader

The strident anti-Corbyn headlines are endless. Almost every day a new headline drums the message home: Jeremy Corbyn must go... [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 Scottish Industrial Revolution, or The Scottish First Industrial Miracle 1700–1800

Most accounts of the origins of the industrial revolution are Anglo-centric, focused upon how the industrial revolution in England began from about 1750... [read more]

An Open Letter to Tiffany’s Chairman, CEO, Chief Sustainability Officer and Corporate Social Responsibility Committee

Tiffany’s should act immediately to disassociate itself from BSGR and ensure that their cut and polished diamonds are not a source of revenue for regimes guilty of gross human rights violations in Africa or Palestine... [read more]

Roy Greenslade's despair

Bryan Gould, former Labour shadow cabinet minister, provides a rebuttal to Roy Greenslade’s recent Guardian article... [read more]

Building the Fight against Austerity

It has been a depressing few weeks for the supporters of the Labour Party’s new leader Jeremy Corbyn... [read more]

Monsanto's 'Hand of God': Planned Obsolescence Of The Indian Farmer

Global agribusiness is playing fast and loose with poor people’s lives and is profiting handsomely.... [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]

The USSR – the Democracy You Didn’t Know About

Kate Zagoskina explains the origins of democracy and it various manifestations throughout history... [read more]

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

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

On gloves, rubber and the spatio-temporal logics of global health

Over the last decades and not least through the UN’s Millennium Development Goals, health initiatives have received unprecedented attention and funding... [read more]

It's time to shout stop on this war on the living world

Our consumption is trashing a natural world infinitely more fascinating and intricate than the stuff we produce, writes George Monbiot.... [read more]

Genocide in Gaza – The Silence of the Jewellery Industry is Deafening and Telling

The horrific carnage we have seen unleashed in Gaza in recent weeks - a humanitarian catastrophe - would not have been politically or economically affordable without the tacit acquiescence of the global jewellery industry... [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]

Iraq: US: Insurgents Have Chemical and Nuclear Material – “Minimal Risk.”

On 11th and 12th June, ISIS gained control of the Al Muthanna former chemical weapons complex where, in the 1980s, Iraq developed weapons believed to be on par with, then, the US and the former Soviet Union... [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]

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]

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]

Farage's demagoguery obscures UKIP's reactionary nature

Dr Tomasz Pierscionek discusses how UKIP seek to plug an electoral void that ought to be filled by a Labour Party offering a socialist programme... [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]

In India, a spectre for us all, and a resistance coming

Neoliberalism has failed the vast majority of India's people. But the spirit that gave the nation independence is stirring, writes John Pilger.... [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]

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]

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]

Flourishing in a Not-For-Profit World by 2050

Imagine waking up in a world where you feel good about going to work, no matter the nature of your job... [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]

Permacation: how a mixed environment can bring about a better delivery of education

There is no secret in saying that the National Curriculum was not introduced to promote co-operation or individual ingenuity. Elijah Pryor advocates a different model for learning... [read more]

The Failure of Innovation in the Anglo-Saxon Economies

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

The Four Keynesian Cornerstones of Shimomuran Economics (or Investment Credit Economics)

In the General Theory Keynes made four key comments that presage the practice of Shimomuran investment credit economics writes George Tait Edwards... [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]

Marx Reloaded

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

The Great Unmentionable

We have offshored the problem of escalating consumption, and our perceptions of it, by considering only territorial emissions, writes George Monbiot.... [read more]

Peter Tatchell - Margaret Thatcher: Extraordinary but heartless

Former British Prime Minister's fee market policies paved the way for current economic crisis and she legislated the UK’s first new anti-gay law in over 100 years: Section 28, writes Peter Tatchell, Director, Peter Tatchell Foundation.... [read more]

Smart Phones, Dumb Companies

Phone companies do too little to ensure the minerals they use are conflict-free. Here's what you can do to hold them to account, says George Monbiot.... [read more]

Despite the NRA and the Ultra-Right Most Americans Favor Gun Controls

Thomas Riggins states that the majority of Americans support more gun controls to reduce and prevent the epidemic of violence in the US ... [read more]

Lip Service to Peace: EU as an Enabler of Netanyahu’s Colonial Policies

Europe is different, as we are often reminded. The general wisdom is unlike the US’ unconditional support for Israel. European countries tend to be more balanced in their approach to the Palestinian-Israeli conflict, writes Ramzy Baroud.... [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]

The Radical Alternative to Austerity

A message to all readers from Labour MP John McDonnell...... [read more]

Struggle over Iran: Tumultuous Israeli Politics Will Not Usher Peace

Israel is currently experiencing the kind of turmoil that may or may not affect its political hierarchy following the next general election. However, there is little reason to believe that any major transformations in the Israeli political landscape could be of benefit to Palestinians, says Ramzy Baroud.... [read more]

Youth unemployment figures reveal Britain beating its 'personal best'

The London Progressive Journal gives its take on current events in the latest fortnightly editorial... [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 future of Labour

Karl Davis suggests how Ed Miliband could give a big boost to Labour’s chances of winning the next General Election... [read more]

A Conservative Christmas Carol

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

False Evidence Appearing Real

There is profit to be made in keeping the public fearful, Bryan G Taylor explains... [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]

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]

Thatcherism Phase Two

The UK's 'progressive coalition' is implementing a neo-Thatcherite revolution, a war against the poor, writes Richie Nimmo.... [read more]

‘The Internet is a Game Changer’

With news coverage gradually moving towards a 'paperless world' in the internet age, Ramzy Baroud considers the implications for political journalism.... [read more]

Money’s Hunger

Industrial civilisation is trashing the environment. George Monbiot asks: should we try to reform it or just watch it go down? ... [read more]

The Greeks are Fighting for Us All

The Greek crisis is merely the first stage of a wider global backlash against neoliberal economics, argues Steven Colatrella.... [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]

Berlusconi: Europe's Real Pandemic

The enormous popularity of Italy's right-wing demagogue is a reflection of the corrupt cynicism of contemporary mass culture, argues Paolo Mossetti.... [read more]

Vestas: “You Don’t Have to Just Sit and Take It. You Can Stand Up and Fight”.

Socialist Appeal's Adam Booth says the Vestas closure is just another manifestation of an economic system which prioritises private interests over the public good.... [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]

Scrap It

Environmental campaigner George Monbiot tears into the UK government's proposals for stimulating the motor industry.... [read more]

Banks in Crisis? Take them Over

With politicians and financial experts grasping at straws in their efforts to resolve the worst economic crisis in decades, Mick Brooks outlines the case for the nationalisation of the banking system.... [read more]

The Recession is the Government's Opportunity to Act on its Green Promises

Luke Aldred argues the current economic crisis represents a perfect opportunity for the British government to implement far-reaching changes to make Britain greener and more sustainable.... [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 Magic Pudding

George Monbiot on why the US government still pouring billions into missile defence.... [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]

Merchants of War: A Letter to the Times Newspaper

Mehrnaz Shahabi's recent letter to the Times newspaper exposes media deception as the sabre-rattling o Iran continues.... [read more]