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Banks Are Becoming Obsolete in China—Could the U.S. Be Next?

The U.S. credit card system siphons off excessive amounts of money from merchants. In a typical $100 credit card purchase, only $97.25 goes to the seller. The rest goes to banks and processors. But who can compete with Visa and MasterCard?... [read more]

The Landed Mafia

Those of us who defend the planet are increasingly subject to abuse. It is the price we pay for confronting the power of money, writes George Monbiot.... [read more]

The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system... [read more]

The Fat of the Land

The European Union's farm subsidies are a modern equivalent of feudal aid. As Europe suffers under austerity, it's right to call for reform, writes George Monbiot.... [read more]

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

The right of government to issue its own money was one of the principles for which the American Revolution was fought... [read more]

Betrayal Without Remedy: The Case of the Missing Wages

Thomas Riggins explains how the US company Hostess Brands Inc. took its workers' wages and used them to cover its own expenses ... [read more]

The Great Impostors

Under the guise of saving the natural world, governments are privatising it and rarely will the money to be made by protecting nature match the money to be made by destroying it, writes George Monbiot.... [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]

Trumping the Federal Debt Without Playing the Default Card

The government can reduce the debt by buying it – and ripping it up... [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]

The Benefits Claimants the Government Loves

Uncapped, almost unconditional, the vast sums of public money we give to farmers buy only destruction, writes George Monbiot.... [read more]

The Benefits Claimants the Government Loves

Uncapped, almost unconditional, the vast sums of public money we give to farmers buy only destruction, writes George Monbiot.... [read more]

Yet more shady dealings inside Murdoch's empire

Hot on the heels of revelations of widespread phone hacking, journalist Solomon Hughes discloses that the Murdoch empire also engaged in hacking into the computer systems of business rivals.... [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]

How America Can Free Itself From Wall Street

Wall Street owns the country. That was the opening line of a fiery speech that populist leader Mary Ellen Lease delivered around 1890. Franklin Roosevelt said it again in a letter to Colonel House in 1933, and Sen. Dick Durbin was still saying it in 2009. ... [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]

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.... [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]

Reinventing Banking: From Russia to Iceland to Ecuador

Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself... [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]

Marching Against Austerity: London 20 June 2015

Up to 250,000 people came to London and no one can argue that the demonstration, organised by The People's Assembly, wasn’t representative of the broad spectrum of people’s anger against Tory policies... [read more]

Economic Policies for an Incoming Labour Government (Part 8 of 9)

The Community Interest Bank Key to Local SME Development... [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]

This cash for grouse scandal shows how Britain has become a plutocrats' paradise

We subsidise the landed gentry and their shotguns. While the poor are plunged into brutal insecurity, the rich are untroubled, writes George Monbiot.... [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]

From Austerity to Prosperity: Why I Am Running for California Treasurer

Welfare payments, health care for the poor, and benefits for the elderly and disabled have been slashed. State workers have been downsized... [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 Failure of the Debt System

Eric Toussaint and Daniel Munevar put forward the case for abolishing third world debt... [read more]

Greek Capitalism at a Critical Point

Greek capitalism continues to be the weak link of the Eurozone as it is still under the “intensive care” of the EU support mechanisms for the fourth consecutive year and is in recession for the sixth consecutive year... [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]

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]

Good News for the Left in Andalucía; Bad News for Democracy in Spain

The southern most region of Spain, Andalucía, has always been a socialist fiefdom but the centre right Partido Popular (PP) came very close to toppling the socialist PSOE party from power in the 2012 regional elections, writes David Eade... [read more]

Modern Football: Money, Hype and Hysteria

John Green looks at how the status of the 'beautiful game' has changed in recent years.... [read more]

Cuts, Cuts ... And Yet More Cuts!

Steve Jones argues that Britain's three main political parties are engaged in a 'race to the bottom' on public spending.... [read more]

Green Shoots of Economic Recovery?

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

Blue Desert

George Monbiot asks: Why is no one brave enough to stand up to the fishing industry? ... [read more]

Juggling the Devil Sticks: Imran Khan, the military establishment and the Kashmir 'issue'

As soon as Imran Khan took charge of the office of Prime Minister he announced a number of cosmetic economic policies... [read more]

You can’t have human rights in a neoliberal economy: Britain and the Universal Declaration at 70

The Universal Declaration of Human Rights (UDHR) was adopted by the General Assembly of the United Nations in 1948... [read more]

The War on the Post Office

The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.... [read more]

How to Fund a Universal Basic Income Without Increasing Taxes or Inflation

A team of researchers at the University of Oxford published the results of a survey of the world’s best artificial intelligence experts, who predicted that there was a 50 percent chance of AI outperforming humans in all tasks within 45 years... [read more]

A Tale of Two Stories

This Tuesday morning he arrived at the gate as usual. But something aroused suspicion among the guards. He was wearing a jacket, though the weather was quite hot on this early autumn day. The guards asked him to remove his jacket.... [read more]

Against Da Law (Part 1)

What do you do if you’re the victim of injustice against major institutions, walled up behind teams of legal eagles whose expertise focuses first and foremost on closing ranks and damage limitations?... [read more]

London Bridge Attack – Hypocrisy, Double Standards and Double Dealing

When she spoke after Manchester’s tragedy: “May’s speech did not address allegations that in 2011, while she was Home Secretary, Libyan Islamists previously under surveillance in Britain were given back their passports and helped by the government to fly to Libya to fight Muammar Gadaffi’s administration.... [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]

Open Letter to the World Anti Doping Agency and International Olympic Committee Regarding the McLaren Report and the Politicization of Doping in Sports

Russian track and field athletes, plus the entire Paralympics team, were banned from the Rio Games last summer. This was based on the first McLaren report commissioned by the World Anti Doping Agency (WADA).... [read more]

Can Jill Carry Bernie’s Baton?

Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate... [read more]

The Left Case For Brexit

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

Every time you think we have reached the limit, something else pops up and the limit moves... [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]

Labour’s Lost Soul: the UK and the Labour Party leadership election

I’ve done it, pushed out my boat on to uncharted seas and voted for Jeremy Corbyn to be leader of Britain’s Labour Party... [read more]

Greece: Alternatives to the Capitulation

On 5 July 2015 the Greek people overwhelmingly rejected the austerity measures imposed by the institutions that were known as the Troika... [read more]

Ukraine slides towards default

When the international bourgeoisie begins to openly worry about a default, we can be sure that the Ukrainian economy is in a lot of trouble... [read more]

Governments submit to “Too Big to Fail” banks (part 2)

Governments make gifts galore to private banks... [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]

Penrose Inquiry: “Bad Blood”, biological terrorism and cover-up under a failed western democracy

The Penrose Inquiry, the public inquiry into the circumstances in which patients treated by the NHS in Scotland became infected with Hepatitis C, HIV, or both, through the use of blood or blood products published its Final Report on Wednesday, 25 March 2015... [read more]

The Impunity Enjoyed by the Banks must Stop

The final part of the series by Eric Toussaint - The Banks and the “Too Big to Jail” Doctrine... [read more]

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

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

No wonder landowners are scared. We are starting to learn who owns Britain

Scotland is breaking the cover-up that stifles our political thought. Bring the Highland Spring south, writes George Monbiot.... [read more]

Chickenshit

When a high-ranking official of one country calls the leader of another country "chickenshit", it may be assumed that the relations between the two countries are not at their best... [read more]

Labour's vision

Labour leaders have often been eloquent in articulating a vision of the kind of society they want; it is explaining how that vision is to be realised that seems to be the problem... [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]

Education, Work and Cooperation: Abolition of the wages system, institutional hierarchy and bosses

The third in the series of articles by Steven Colatrella titled 21st Century Cosmopolis: Constitution for a Better World... [read more]

Sovereignty of Self-Governed Cities and Abolition of National States and Capitalism

The second in the series of articles by Steven Colatrella titled 21st Century Cosmopolis: Constitution for a Better World... [read more]

Goal Moscow

The USA wants to turn Ukraine into a permanent area of crisis, keeping it just off the boil of war. In this way Russia will feel threatened... [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]

Highland Spring?

The scoured, scorched Highlands could be brought to life – maybe an independent nation will have the courage to act, writes George Monbiot.... [read more]

Highland Spring?

The scoured, scorched Highlands could be brought to life – maybe an independent nation will have the courage to act, writes George Monbiot.... [read more]

EU Financial Help For The UK's Super Rich

The world is no longer ruled by so-called governments, elected or otherwise. In brutal fact, those who really determine how we plebs live are the International Bankers and their Multinational Business Conglomerate cohorts... [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]

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]

Banks versus the People: the Underside of a Rigged Game! (Part 3) - The greatest offensive against European social rights since the Second World War

We should not underestimate the capacity of the elites to make the most of a crisis situation writes Eric Toussaint... [read more]

Collapse in Support for Democracy

David Eade looks at the indicators suggesting Spaniards are losing faith in democracy... [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 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]

A manifesto for rewilding the world

A mass restoration of ecosystems offers us hope where there was little hope before, writes George Monbiot.... [read more]

The Self-Hating State

Devolving policy to “the market” doesn’t solve the problem of power. It makes it worse, writes George Monbiot.... [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]

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]

Spain is the Most Corrupt Nation in the EU

LPJ Iberian correspondent, David Eade, shows how the Spanish people have lost faith in their politicians and national institutions... [read more]

If you think we're done with neoliberalism, think again

The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches, writes George Monbiot.... [read more]

Time for our unions to come to Spain’s aid

David Eade calls for a renewal of international solidarity to help Spain’s embattled workers... [read more]

Nice little earner

When it comes to dishonesty it may be that social security tribunals have more knowledge of the subject than one would expect, says Felix McHugh.... [read more]

The Promised Land

To be young in the post-industrial nations today is to be excluded. Excluded from the comforts enjoyed by preceding generations; excluded from jobs; excluded from hopes of a better world; excluded from self-ownership, says George Monbiot.... [read more]

Beat the Cheat: an alternative take

With the Sun newspaper launching yet another campaign of 'Beat the Cheat', Felix McHugh highlights the problem of claimants being cheated out of their benefits... [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]

The Corporate Welfare State

Despite the crisis, it’s still socialism for the 1 per cent, capitalism for the rest.... [read more]

Slavery for Dummies - Part 2

Part 2 of an analysis by OutRageous! looking at the slavery endemic in our modern society.... [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]

Towering Lunacy

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

Budget for Bosses: Workers under Attack

Socialist Appeal's Steve Jones reflects on George Osborne's emergency budget.... [read more]

'Urgent Threats' of Yesteryear

In the second article in his series, 'Contextualising the Threat of Islam', Richard Greeman looks back on the US government's long history of constructing official enemies to justify foreign aggression and domestic repression alike.... [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]

The Greek Crisis and the Threat to the Euro

Can the EU afford to let Greece withdraw from the Eurozone? Socialist Appeal's Mick Brooks considers the significance of the Grek Crisis.... [read more]

Soldiers for Hire

Melanie Macdonald on the dangerous and disturbing proliferation of neo-colonial private militias.... [read more]

Bye Bye, Dubai?

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

The Socialist Case Against The Cuts

Britain's three biggest parties are committed to massive spending cuts. Socialist Appeal's Mick Brooks challenges the mainstream consensus.... [read more]

Tories and Cuts: The Dangers Ahead

Whatever David Cameron may be saying publicly, massive public sector cuts will be a certainty if the Tories win the next election, as Steve Jones 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]

Scrap It

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

We Must Fight to Keep the Post Public

With both mainstream political parties apparently united in their determination to privatise the UK postal system, Mick Brooks makes the case for resisting so-called "part-privatisation".... [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]

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]

Interview: Rob Miller of the Cuba Solidarity Campaign

Rob Miller answers Tomasz Pierscionek's questions about the Cuba Solidarity Campaign.... [read more]

Venezuela Advances Integration and Shares New Satellite with Ecuador

James Suggett on the latest development in the ongoing Venezuelan-led initiative for greater Latin American integration in the face of the world economic crisis.... [read more]

Far Right Emerging in Austria - Again

Austria’s governing coalition has collapsed - will this lead to the rise of the far-right Freedom Party?... [read more]

Brown's Failure to Pursue a Progressive Policy on Taxation is Alienating Labour's Core Support

Matt Genner believes the Tories' local election success shows Gordon Brown must be bolder.... [read more]