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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]

Grexit or Jubilee? How Greek Debt Can Be Annulled

The crushing Greek debt could be canceled the way it was made – by sleight of hand... [read more]

The Fed's Dramatic About-Face

“Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy.... [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]

Global Development: Aid the myth of Western support

Elijah Pryor shows the true effect of Development Aid on poor countries... [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]

What can we do with what Thomas Piketty teaches us about capital in the twenty-first century? (Part 2 of 2)

Part 2 of Eric Toussaint's review of Thomas Piketty book Capital in the Twenty-First Century... [read more]

The ‘MENA’ region and the International Monetary Fund

Daniel Robicheau describes the lead up to the war in Syria and the involvement of the IMF... [read more]

Chimes At Midnight: Football in Crisis

Ordinary fans are being ripped off by the unfettered greed of modern footbal, writes Steve Jones.... [read more]

A Universal Basic Income Is Essential and Will Work

A central bank-financed UBI can fill the debt gap, providing a vital safety net while preventing cyclical recessions.... [read more]

The Key to a Sustainable Economy Is 5,000 Years Old

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid... [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]

Why Do We Think We Own The Earth?

Is it too late to ditch our rigid world view, our superiority, our belief in our ‘right’ to own and control our world? ... [read more]

Universal Basic Income Is Easier Than It Looks

Calls for a Universal Basic Income (UBI) have been increasing, most recently as part of the “Green New Deal” introduced by Rep. Alexandria Ocasio-Cortez, D-N.Y., and supported in the last month by at least 40 members of Congress... [read more]

Trump, North Korea, Iran. Some Facts and “the instinct to attack.”

“What difference does it make to the dead, the orphans and the homeless, whether the mad destruction is wrought under the name of totalitarianism or in the holy name of liberty or democracy?” (Mahatma Gandi, 1869-1948)... [read more]

Yes, We Can

Lately, more and more people in Israel and around the world have been saying that the "Two-State Solution" is dead.... [read more]

The UK leaves Europe but will the English language remain?

Though the UK leaves Europe, its English language will remain to unite Europe. ... [read more]

Iraq Atrocities - The UK’s “Independent” Inquiry

Anthony Charles Lynton Blair should be in the Hague alongside his cohorts... [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]

The Molten Three

In 2009, the three leading ministers – Netanyahu, Barak and Lieberman – decided that the time had come to attack Iran... [read more]

The ECB’s Noose Around Greece

Remember when Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks?... [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]

My Glorious Brothers

When I was 15 years old and a member of the Irgun underground (by today's criteria, an honest-to-goodness terrorist organization), we sang "(In the past) we had the heroes / Bar Kochba and the Maccabees / Now we have the new ones / The national youth…"... [read more]

Which way forward for Cuba?

Recently a young worker and member of the Leeds Marxist Society, Ben Curry, travelled to Cuba as an international delegate to the May Day celebrations. We publish below his thoughts on what is happening in Cuba... [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]

Book review: The Socialist Way

Former shadow cabinet member and Labour MP Bryan Gould reviews a stimulating and thoughtful collection of essays... [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 End of Money

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

Marx Reloaded

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

Waiting 17 months for an appeal (Part 2)

Felix McHugh reveals the outcome of Paula’s appeal... [read more]

Spain’s May 15 protest movement celebrates its anniversary

As the Spanish 15-M protest movement celebrates its first anniversary, LPJ Iberian correspondent, David Eade, reveals that the movement is spreading from main street to mainstream... [read more]

The ruling class policy toward its soldiers - Use Once and Throw Away

Dr Tomasz Pierscionek describes the treatment of war veterans, from the Vietnam era to those returning from present day conflicts, and highlights the continual deceit war-mongering governments use to deceive the public. The real enemies are not foreign but domestic.... [read more]

From Tiananmen Square to Tahrir Square

Steven Colatrella on the nature of uprisings against the state in the wake of revolution in Tunisia and Egypt.... [read more]

Worker Self-Management Introduced in Guayana, Venezuela

Tamara Pearson on a bold Venezuelan government initative to radically democratise a number of state-owned industries.... [read more]

Bye Bye, Dubai?

Mick Brooks looks at the unfolding crisis in Dubai, and its potential implications for the world economy. ... [read more]

Why We Must Nationalise Northern Rock

Examining the ongoing crisis of the Northern Rock bank, Chris Vasey argues nationalisation is the only way to safeguard public money and jobs.... [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]