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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 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 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]

Bank abuses in the real estate sector and illegal foreclosures in the United States

Part 2 in the series by Eric Toussaint - The banks and the “too big to jail” doctrine'... [read more]

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends... [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]

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]

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]

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]

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]

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]

Eric Hobsbawm: A Tribute from the Socialist History Society

On behalf of the Socialist History Society, David Morgan pays tribute to its Honorary President Eric Hobsbawm who passed away on the 1 October at the age of 95.... [read more]

Turkey, the Kurdish Struggle and the New Middle East

Turkey, a NATO member, has historically been a key strategic ally of the West in the Cold War but the political situation inside the country is far from tolerant of opposition, writes David Morgan. ... [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]

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]

Trumps War on the Fed

October was a brutal month for the stock market... [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]

America and Turkey: A Difficult Relationship

What’s behind the current diplomatic row between Washington and Ankara? David Morgan seeks to find out. ... [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]

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]

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]

The Betrayal of Syria - US, France and Britain’s UN Ambassadors at the United Nations

“An ambassador is a … gentleman sent to lie abroad for the good of his country.” (Attributed to Sir Henry Wotton, 1568-1639)... [read more]

What the Trade Union movement can learn from the junior doctors’ dispute. (Part 2)

In the first of these two articles we examined the successes of the junior doctors strike and how they were brought about. In this concluding part we examine what didn’t work so well... [read more]

Turkey, Coup Plots and Tinpot Tyrants

Reports of Erdogan supporters beheading soldiers in public, and film of screaming crowds stamping on the bodies of soldiers who were trying to surrender, expose the atavistic sentiments for revenge that the coup seems to have unleashed as a backlas... [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]

A Question of Perspective

David Morgan explains why Tom Driberg’s book, “Guy Burgess: A Portrait with Background” is still well worth reading.... [read more]

End of year musings

A collection of poems written by David Morgan... [read more]

Jack Goody: An Appreciation

David Morgan writes an obituary for Jack Goody... [read more]

What has education done for you?

A poem by Dr Faysal Mikdadi dedicated to David Walpole... [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]

Swimming With Sharks: Goldman Sachs, Schools and Capital Appreciation Bonds

Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up?... [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]

Oil, Blood, Confusion, Fear: Fuelling The British Public's Appetite For War

Back in 2003, Tony Blair stated that Saddam Hussein could hit Britain with a missile within 45 minutes. He also said that Iraq possessed weapons of mass destruction... [read more]

The return of George Orwell and Big Brother’s war on Palestine, Ukraine and the truth

In his latest essay, John Pilger describes the liberal "one-way, legal/moral screen" behind which great power and its Orwellian propaganda ensure an impunity for war and deception, dependent on what Leni Riefenstahl called our "submissive void".... [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]

The Bank Guarantee That Bankrupted Ireland

The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust... [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]

Banks versus the People: The Underside of a Rigged Game! (Part 1)

Eric Toussaint looks at 2007-2012: Six years that shook the banking world... [read more]

The End of Money

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

Brutal executions of Kurdish women activists in Paris - an attempt to derail the peace process that won’t succeed

David Morgan reports on the execution of three leading Kurdish activists in Paris... [read more]

Emily Wilding Davison Memorial Campaign Launched

A new campaign to honour the memory of the militant Suffragette Emily Wilding Davison on the 100th anniversary of her tragic death was launched on 29 November at the Firebox Café in King’s Cross. David Morgan reports ... [read more]

The Kurds and Human Rights

David Morgan asks what the Kurdish people have to celebrate as International Human Rights’ Day 2012 approaches... [read more]

Turkish PM Erdogan Must Respond to the Demands of the Kurdish Hunger Strikers

Hundreds of Kurdish prisoners are currently taking part in a hunger strike which they have declared will be indefinite, David Morgan reports... [read more]

Eric Hobsbawm – towering above his critics

Naturally there have been many glowing tributes to Eric Hobsbawm following his death at the age of 95, but there have also been some extremely ungenerous slights and grotesque attacks on his integrity as an individual and as an historian, writes David Morgan... [read more]

Trials and Tribulations in Turkey

Turkey’s lamentable human rights record and its attempts to intimidate independent Kurdish organisations was the theme of an important seminar held on the 18 September in Garden Court Chambers, London. David Morgan reports.... [read more]

Football: Pay over pride?

Miles Caston asks whether contemporary football is all about money... [read more]

Solidarity with Zarakolu and Ersanli

David Morgan reports on the trial of two public figures in Turkey charged with breaking the country’s dubious anti terror laws... [read more]

Girl Model

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

Trashy beauty queens and the men who rule the world

In 1864, Abraham Lincoln wrote a letter that predicted where the US was heading - the world he warned about is the world we now have as bankers control the money supply having the power to make or break nations. Colin Todhunter explains ... [read more]

A Ghost Story Retailed (part three)

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

A Ghost Story Retailed (part two)

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 two...... [read more]

Marxist Historians Map Out an Agenda for Today

If the evidence of the successes of recent events is anything to go by, interest in the socialist approach to history is on the increase, which is probably no surprise given the turbulent and uncertain times in which we currently live, says David Morgan.... [read more]

Tony Blair's Legacy

War criminal Tony Blair missed out on the EU presidency last week. Tomasz Pierscionek looks back on how the Blair years destroyed the credibility of the Labour party.... [read more]

Outsourcing Unrest

George Monbiot argues that the crisis in British politics has its roots in the decline of Britain's status in the world 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]

Is There Really Much Difference Between McCain and Obama on Free Trade?

With the US elections just around the corner, Garry Leech examines the candidates' respective positions on international economic issues, and concludes that there is relatively little to choose between them.... [read more]

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

Rob Sewell on how the financial press is interpreting the economic crisis.... [read more]

US Democrats Yet to Convince Working Class America

Richard Scorer on how the current economic crisis presents a challenge to the Democrats' cosy relationship with big business and finance.... [read more]

The Contest for the Centre

Matt Genner on how the ongoing struggle for the political centre ground is undermining democracy.... [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]

Dying for a Coke

Kacie Morgan on the campaign to expose the Coca-Cola company's links with right-wing paramilitary violence.... [read more]

Hay Festival Raises More Questions Than Answers

Matt Genner considers Naomi Klein's comments at this year's Hay Festival.... [read more]

Can the US Democrats Harness the Growing sense of Injustice?

The Democrats must move away from pro-business policies to secure electoral victory.... [read more]