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

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]

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 Real Cost of the Banking Crisis

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

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]

Women, Fertility and the Rise of Modern Capitalism: Review

Thomas Riggins reviews an article by Alberto Alesina from the Harvard Economics Department - Women, Fertility and the Rise of Modern Capitalism... [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]

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]

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]

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]

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]

Out of the Ashes

Now is the time to start planning for a new economy, not dependent on growth. ... [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]

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]

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]

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 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 Major Policy of the Current Coalition Government is NOT Fiscal Balance But an Increased Rate of Income Shifting From Wage Earners to the Pockets of the Already Rich

The policy of the Coalition Government is not the much-trumpeted and unachievable aim of a balanced budget but the deliberate lowering of median British living standards and the production of more poverty... [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]

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]

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]

Book review: The Contradictions of Real Socialism

David Lane reviews The Contradictions of Real Socialism, a book by Michael A Lebowitz... [read more]

Green Shoots of Economic Recovery?

Mick Brooks considers recent claims that the world economic system is on the mend.... [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]

Danegeld

It was just over a thousand years ago that the King of England shook his piggy bank and found it full of twigs and trinkets. He needed dosh and he needed it fast.... [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]

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]

The Citadel Is Breached: Congress Taps the Fed for Infrastructure Funding

In a landmark infrastructure bill passed in December, Congress finally penetrated the Fed's "independence" by tapping its reserves and bank dividends for infrastructure funding... [read more]

Which direction for Labour?

Bryan Gould, former Labour shadow cabinet minister, says Labour's leaders must be prepared to do the hard work needed to produce a convincing alternative in line with much current and developing economic thinking... [read more]

An Iranian model of altruism, volunteerism, philanthropy and scholarship in the Diaspora

The devotion of one’s intellectual and material resources to the betterment of human society has been emphasized in Persian literature, culture and religions since the earliest times... [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]

Ageing or Just Raging

The difficulty has been distinguishing between simply ageing and those aspects of our world that appear difficult to cope with regardless of age... [read more]

Piketty for Progressives - Part 5

Thomas Riggins continues with his analysis of Piketty's book Capital in the 21st Century... [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]

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]

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]

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]

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]

The Lake District is a wildlife desert. Blame Wordsworth

I revere Wordsworth the poet, but not his view of farming as a benign force. The Lakes fells don't need world heritage status – just fewer sheep, writes George Monbiot.... [read more]

Elections in Norway

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

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]

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]

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]

Romnesia

The parasitical ultra-rich often deny the role of others in the acquisition of their wealth – and even seek to punish them for it, writes George Monbiot.... [read more]

Growing Isolation: Boycott of Israel Crosses to Governments’ Realm

Should Israel be worried? Very much so, for the age of total impunity is coming to an end. Critical voices of the Israeli occupation and mistreatment of Palestinians are rising - not only within civil society circles, but among world governments as well, argues Ramzy Baroud.... [read more]

Hunger Games

The rich world is causing the famines it claims to be preventing, says George Monbiot.... [read more]

Is this the Sudanese summer?

Omar Zaki explores the recent protests taking place across Sudan and the implications for the government of President Omar Al-Bashir... [read more]

Human Conflict- is there a solution?

Professor David Rahni of Pace University, New York, asks a controversial question- Are humans genetically programmed for destruction, greed and fear of others?... [read more]

Bad Sight of the Week

At the weekend, I sent a letter to The Observer via email. So sure am I that the paper will not run it this coming Sunday that I breathe life into it by reproducing it here below... [read more]

Destroying the Social Fabric of India: The Indian Premier League: Sex, Lies and Capitalism

Colin Todhunter, London Progressive Journal's India correspondent, reports on the worrying fusion of news and entertainment that is part of modern India... [read more]

DEREK, or LITTLE by LITTLE

By common consent (at least among those like me who lived through it), the ‘golden age’ of broadcasting – at the BBC especially – was that which spanned the 1960s, writes W Stephen Gilbert.... [read more]

Economic democracy – The next big social reform?

Peter Tatchell says democratising economic decision-making is the key to a fairer society and a more stable economy... [read more]

The Struggle Continues

Despite David Cameron's attempt to brush the November 30th strike under the carpet and continue with his attacks on the poorest, John Wight predicts that strong resistance to the cuts will continue.... [read more]

Empty words from Israel?

Uri Avnery casts a close eye on Israeli Prime Minister Benjamin Netanyahu\'s threat of an attack against Iran... [read more]

The Banker who knows his Kapital

John Green translates and reflects on an interview with Edgar Most formerly of Deustche Bank and of the GDR State Bank, where he considers capitalism vs. socialism.... [read more]

Obama's Next War Project

For all its rhetoric on Iraq, history suggests the Obama administration is likely to embark on a new war, says Rhoderick Gates.... [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]

Towering Lunacy

Green enthusiasm for vertical farms shows that no one is untouched by magical thinking, writes George Monbiot.... [read more]

Facebook and Muslim Outrage: Gleaning the Wrong Lesson, Again

Ramzy Baroud bemoans yet another controversy about Muslim intolerance towards 'blasphemous' artistic output.... [read more]

The Cleggameron Coalition Comes to Power; the New Labour Era Ends.

Socialist Appeal's Rob Sewell reflects on the historic events of the past few days at Westminster.... [read more]

An Eruption of Reality

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

Product Placement – Why UK Television Viewers Should be Worried

The UK government is bowing to business pressure and looking to lift the ban on product placement in television programmes, as John Green explains.... [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]

Is the New Statesman Committing Suicide?

Examining a particularly unfortunate case of appalling journalism, Nathaniel Mehr wonders whether mainstream publications are complacent or just grossly out of touch.... [read more]

Cross Your Fingers and Carry On

George Monbiot asks: Why does the UK government refuse to make contingency plans for peak oil? ... [read more]

Apprenticeships for All

Emma-Jane Cross argues that greater investment in apprenticeships would provide a much-needed boost to the UK economy.... [read more]

Scrap It

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

Flying Over the Cuckoo’s Nest

Guardian journalist George Monbiot poors scorn on the notion that climate change issues are the preserve of a misanthropic middle-class snobbery.... [read more]

Working Time – Britain’s Opt-out to End?

Fred McDowell on an EU-led initiative to end British workers' "right" to opt out of the 48-hour maximum limit on the working week.... [read more]

Unprecedented!

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

Financial Meltdown Deepens

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

Total Recall in Bolivia: Divided Nation Faces Historic Vote

With Bolivian voters set to go to the polls and the Morales presidency in the balance, Ben Dangl examines the issues at stake in the forthcoming recall vote. ... [read more]

Back to Boom and Bust

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

Is Gender-based Violence the Greatest Barrier to Equality?

Amnesty International's Lucy Wake on the ongoing worldwide struggle against gender-based violence.... [read more]

Making a Killing from Hunger

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

There Can Be Only One: Fuel Versus Food

Victor Petroff believes a drastic change in energy policy is required to combat both climate change and the world food crisis. ... [read more]

Interview: George Monbiot Talks to London Progressive Journal

London Progressive Journal's Haseeb Khokhar spoke to prominent climate change campaigner George Monbiot.... [read more]