A non-partisan journal of the left.

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Is the Run on the Dollar Due to Panic or Greed?

What’s going on in the repo market? Rates on repurchase (“repo”) agreements should be about 2%, in line with the Federal Reserve funds rate... [read more]

NHS In Crisis: The Story of Torrington Community Hospital

Elijah Pryor discusses the significance of Torrington Community Hospital for the North Devon community and the campaign to challenge cutbacks to the hospital's services... [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]

America’s Brexit: to fight Trump, fight Capitalism!

What once seemed unthinkable — akin to an episode of the Twilight Zone — has become a surreal reality... [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]

Lenin on the "Withering Away'' of the State and Violent Revolution

Lenin discusses these two topics in section four of chapter one of The State and Revolution (1917)... [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]

The Fed Protects Gamblers at the Expense of the Economy

Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades... [read more]

Labour Leave – Not the Way Ahead

It is true that in the EU referendum, more people (52%) voted to leave than remain (48%) with the EU. But of the total electorate, that was 37% wanting to leave, 35% wanting to remain, and 28% that did not vote. ... [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]

Reactive Mismeasures: The New Yorker and the "New" Cold War Propaganda (Part 3)

This is the third 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]

Cui Bono?

Cui bono – "who benefits" – is the first question an experienced detective asks when investigating a crime.... [read more]

Momentum's Night of the Long Knives

And so the Bonaparte of Momentum was born. At a stroke, Momentum’s democratic structures have been abolished; the tireless work of thousands of Corbyn supporters over the past year-and-a-half thrown out the window... [read more]

Power Will Be Restored

Would or could a different leader of this or that have altered the prospect of past, present or future... [read more]

Remember Naboth

An incredible piece of legislation is now being debated in Jerusalem.... [read more]

Oh My God, Trump!

We do not really know who Trump is, and what he will do during the next four years. We know only the Trump of the elections: a nasty person, a megalomaniac, a liar, an ignoramus.... [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 Saga of Sisyphus

Shimon Peres was a genius. A genius of impersonation... [read more]

Welcome! Bienvenue!

"Anti-Semitism in France" is now all the rage in Israel. A huge propaganda effort is invested in this campaign. The aim is to induce French Jews to come to Israel... [read more]

Hatred Unlimited

Absent all chances for a serious effort for peace, hatred will just grow and grow, until it engulfs us all... [read more]

Business As Unusual

We need more people to throw down their swords and raise their voices with the healing words of true democracy... [read more]

My Terrorist, Your Terrorist

After World War I, when the victorious Great Powers carved up the Ottoman Empire between them, France insisted on the creation of a Christian Lebanese state under its stewardship... [read more]

Iran - A Travelogue to Home Away from Home

David Rhani describes his latest trip to Iran... [read more]

The big private banks run on LTRO

Part 6 of the series 'Too Big to Fail' by Eric Toussaint... [read more]

A Bribery Case

When the State of Israel was founded, the new foreign minister, Moshe Sharett, did something that seemed quite natural. He sold his private apartment.... [read more]

Nasser and I

Forty five years ago Gamal Abd-al-Nasser died at the early age of 52. It continues to have a huge influence on the present, and probably will on the future... [read more]

Corbyn – A Very British Story

Nowhere else in the world of politics, other than in Britain, is there or could there be a Jeremy Corbyn... [read more]

Afghanistan

A poem by David Van-Cauter... [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]

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]

The Origin of Islamic fundamentalism and possibilities for its eradication

The global resurgence of violent Islamic fundamentalism can only be circumvented with a full comprehension and acknowledgment of what has historically gone wrong... [read more]

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken... [read more]

Metro Gaza

Israeli journalist and former member of the Knesset, Uri Avnery, suggests a solution to the ongoing conflict in Gaza... [read more]

Lenin on the State and Revolution: The Paris Commune (1871)

Thomas Riggins reviews Chapter IV of Lenin's State and Revolution (1917)... [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]

In Defence of Lenin

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

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]

Cypherpunks – freedom and the future of the internet

John Green reviews Cypherpunks – freedom and the future of the internet – a book By Julian Assange with Jacob Appelbaum, Andy Müller-Maguhn and Jérémie Zimmermann... [read more]

The Empire Trapped: The US’ Unpromising Role in the New Middle East

Since the Second World War, US foreign policy has been largely predicated on military adventures, by severely punishing enemies and controlling ‘friends’. Diplomacy was often the icing on the cake of war, writes Ramzy Baroud.... [read more]

Sorry, folks..the wake is over

The change in the Greek political scene is an opportunity for Europe, not a threat, argues Ilia Xypolia.... [read more]

Protest Movement or tourist attraction?

David Eade contrasts the Occupy movement in the UK with the 15-M movement in Spain... [read more]

New beginnings

John Green asks whether we need a mass party to represent the unions and the left and to advance the interests of the entire working class (Part 1)... [read more]

Hateful stories & hate crimes

Fuelled by tabloid media propaganda, Felix McHugh shows how hate crimes against disabled people are on the rise ... [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]

Mutiny on the Titanic

Uri Avnery reflects on recent events in Israel... [read more]

The Changing Face of the Egyptian Media

Iqbal Tamimi considers the challenges facing the Egyptian media in light of the recent political upheaval in that country. ... [read more]

Regarding US Muslims: A Misguided Debate

Ramzy Baroud on why there is a blinkered and one-sided view of what causes Islamaphobia in America and how best to tackle it.... [read more]

Venezuela Arrests Accomplice of Posada Carriles at Caracas Airport

Steven Mather reports on what might be an important breakthrough in the fight against right-wing terrorism in Latin America.... [read more]

Universal Cure

George Monbit proposes a simple means of transforming the UK’s universities, schools and society. ... [read more]

Venezuela’s Chavez Calls for Calm after Violent Protests

A concerted campaign of destablisation from Venezuela's corporate media has fomented violent anti-Chavez demonstrations by right-wing students in Merida, as Tamara Pearson reports.... [read more]

“The People Won the Vote, Now The People Must Become the Government”

James Suggett interviews Venezuela-based journalist and activist Vanessa Davies.... [read more]

The Damian Green Affair: What are the Issues?

Steve Jones dissects the controversy surrounding the recent arrest of the Conservative politician Damian Green.... [read more]

The Bailout: A Reality Check for America

Safreena Rajan on why the present recession is a damning indictment of the incompetence of the Bush administration.... [read more]

The BBC vs Hugo Chavez

Stephen Lendman on the biased coverage of events in Venezuela.... [read more]