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The OECD verdict on the British housing market

Former MP and member of the Labour shadow cabinet, Bryan Gould, discusses the findings of a recent OECD report which revealed that UK housing is among the most overpriced in the world... [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]

A Ghost Story Retailed

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 one... [read more]

High & Mighty

A few decades ago, a visit to my cousin in upstate New York included a trip to a shopping mall. ... [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]

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]

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]

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]

Genocide in Gaza – The Silence of the Jewellery Industry is Deafening and Telling

The horrific carnage we have seen unleashed in Gaza in recent weeks - a humanitarian catastrophe - would not have been politically or economically affordable without the tacit acquiescence of the global jewellery industry... [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]

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]

Becoming free, the need for a child to read!

Growing up, I was fortunate enough to come from a family where reading books was encouraged and seen as vital for the development of spelling. Visits to the library were a past time and among the furniture of the home, heaped book cases were normal... [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]

Congress Confronts Its Contradictions

George Monbiot on why it's ordinary taxpayers who will pay the price for the incompetence of big finance.... [read more]

The Secret to Funding a Green New Deal

As alarm bells sound over the advancing destruction of the environment, a variety of Green New Deal proposals have appeared in the U.S. and Europe... [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]

What's the Big Idea?

A little riddle for your amusement. It has more to do with class capitalism than you might suppose... [read more]

Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work

California has over $700 billion parked in private banks earning minimal interest, private equity funds that contributed to the affordable housing crisis, or shadow banks of the sort that caused the banking collapse of 2008.... [read more]

Silver Foxes

Tally and also Ho! Sound the horn, unleash the hounds. We must arise and protest that flimsy Tory manifesto. Not because it goes too far. Nope, it just doesn't go far enough.... [read more]

Quo Vadis, Venezuela?

Even if highly exaggerated in the western press, the economic and political crisis in Venezuela is real... [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]

“We’ll Look at Everything:” More Thoughts on Trump’s $1 Trillion Infrastructure Plan

The Trump agenda, it seems, is not set in stone. The president-elect has a range of advisors with as many ideas... [read more]

Death in Yemen - UK Arms Sales to Saudi and the “Proper Use” of Illegal Weapons

Amnesty has been pressing the British government on Saudi Arabia’s use of outlawed weapons, only to be told sanguinely that UK Ministers have been provided with “assurances” by Saudi Arabia “of their proper use.” Work that one out: “proper use” of illegal weapons.... [read more]

Can Jill Carry Bernie’s Baton?

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

Iraq Outrage: Chilcot Inquiry Publication Delayed: “ to avoid embarrassing Tony Blair.”

"Nothing justifies killing of innocent people." (Tony Blair, CNN, 15th January 2015)... [read more]

What is to be Done with the Banks? Radical Proposals for Radical Changes

Immediate measures for moving towards socialisation of the banking sector... [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]

The big private banks run on LTRO

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

An Open Letter to Tiffany’s Chairman, CEO, Chief Sustainability Officer and Corporate Social Responsibility Committee

Tiffany’s should act immediately to disassociate itself from BSGR and ensure that their cut and polished diamonds are not a source of revenue for regimes guilty of gross human rights violations in Africa or Palestine... [read more]

Hang On to Your Wallet: Negative Interest, the War on Cash and the $10 Trillion Bail-In

In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?... [read more]

The Inverted World of Niall Ferguson: On the Real Obama Doctrine

Niall Ferguson has a very conservative world outlook which, when applied to the analysis of current social reality, has a tendency to so warp his perceptions that the situation he writes about becomes an imaginary inverted world... [read more]

Monsanto's 'Hand of God': Planned Obsolescence Of The Indian Farmer

Global agribusiness is playing fast and loose with poor people’s lives and is profiting handsomely.... [read more]

Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal

British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time... [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]

Trumping the Federal Debt Without Playing the Default Card

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

A Corbyn leadership

Bryan Gould, former Labour shadow cabinet minister, asks how left-wing is Jeremy Corbyn... [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]

Part 3 of the series Governments submit to “Too Big to Fail” banks

Private banks shamefully enjoy a monopoly of lending to the public sector... [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]

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]

Staying in Touch with the Real World

Former MP and member of the Labour shadow cabinet, Bryan Gould, explains how economic teaching lags behind reality... [read more]

Pakistan government shames itself over Israeli drone connection… no friend to Gazans

Last year July 2014, Mansoor Jaffar, a senior journalist for Al Arabiya, wrote a scathing article critcizing Pakistan for its “zombie-like response" to the Gaza killings... [read more]

What GMOs Are Really About: Profits, Power and Geopolitics

Genetically modified organisms (GMOs) are not essential for feeding the world... [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]

The Impossibility of Growth

It's the great taboo of our age – and the inability to discuss the pursuit of perpetual growth will prove humanity's undoing, writes George Monbiot.... [read more]

Bank Created Credit

Former MP and member of the Labour shadow cabinet, Bryan Gould, explains how orthodox monetary policy is fundamentally misconceived... [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]

A Lifetime of Disillusion

I recently turned sixty five. This is the same age as the State of Israel. From our side of the fence (or should I say 'of the Separation Wall'), it the same date as the birthday of our dispossession as a Palestinian people... [read more]

Climate Change and Marxism

Using Karl Marx's early works, Elijah Pryor asks if there is an alternative to the Capitalism vs Communism debate?... [read more]

Martial Law and the Economy: Is Homeland Security Preparing for the Next Wall Street Collapse?

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup, writes Ellen Brown... [read more]

An Excerpt From Carl Sandburg’s Poem “Yes, The People” Re-considered As An Economic And Political Commentary

All people receive new information through a kind of perceptual grid consisting of their background, education and prejudices, which modifies their capability to absorb new information... [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 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]

Socialism: an unarticulated reality

Cumbria Unison convenor Paul Lloyd argues that whereas Socialism may have lost its voice in the political arena, it is still present in our daily life... [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]

Nations Get what their Financial-Industrial Systems Deliver: A Comparative Analysis of Three Different Groups of Financial-Industrial Systems

George Tait Edwards compares three different financial-industrial systems and considers the merits of each model... [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]

Marx Reloaded

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

The political trial of a caring man and the end of justice in America

The political trial and 22-year sentence of Dr Rafil Dhafir, an Iraqi-born doctor and humanitarian, makes a mockery of the notion that all are equal in the eyes of US law, writes John Pilger.... [read more]

Melinda Taylor: The Spy That Got Away?

On the 7th of June 2012, Melinda Taylor and three other ICC delegates were arrested in the city of Zintan in Libya by Zintani militia. How should the Australian media handle the story? Finn Bowen takes a look.... [read more]

Hooked On Treachery

Edward Bernays is known as the father of modern advertising/propaganda. Colin Todhunter emphasises and how we must and indeed can break free of the addictions and fears being promoted daily.... [read more]

Shadow of London “Orbit” in Bosnia: Steel, Blood, and the Suppression of Memory

As ArcelorMittal, the world’s largest steel company, invests 19.2 million pounds of steel to construct a monument marking London’s Olympic Games, a disturbing story is emerging about the refusal to memorialise a former concentration camp in Bosnia it owns today... [read more]

Book review- The Strongman: Vladimir Putin and the Struggle for Russia

David Lane reviews ‘The Strongman: Vladimir Putin and the Struggle for Russia’ by Angus Roxburgh... [read more]

Noncommittal for kindle or less than kind?

The Kindle - an infinity of reading or a bibliophile's nightmare? Stephen Gilbert shares his thoughts on the matter.... [read more]

The government's tragic argument against opposition to NHS plans

When it comes to the Health Minister’s plans for the National Health Service, the patients are against it, the nurses are against it, the doctors are against it, even the government are against it, says Chris Mason-Felsing.... [read more]

Paga Hill – a model for the future of the Pacific Islands?

Catherine Wilson reports how a housing crisis in Papua New Guinea’s capital is socially empowering squatter communities... [read more]

An outRageous! essay on The Arts, Education and The People.

This rant is aimed at your crassness, Cameron. It goes to the heart of what is art, and why it's so important in preparing people for democracy, says outRageous!... [read more]

Why capitalism likes us to behave irrationally

It’s a great irony that although human beings, as distinct from other animals, are characterised by their ability for rational thinking, so much of our behaviour is irrational, argues John Green.... [read more]

Telling the Players with a Scorecard

How politics is manifested as economics and economics as politics should concern us right now, argues Steven Colatrella.... [read more]

'Social justice' requires ending Israeli apartheid

Sarah Carlson looks at the growing social protest movement in Israel and discusses the need for the Israeli working class to combat not only the economic policies of their government but also its colonialist policies.... [read more]

The Cordoba House: House of Terrorism or Peace?

Omar Zaki on the so-called 'Ground Zero Mosque' and why it should be allowed to go ahead.... [read more]

Combat Stress: A Living History

Hussein Al-Alak looks at the lifesaving work of a mental health charity that has spent the past ninety years helping ex-soldiers cope with life after service.... [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]

Venezuela Creates Public Import-Export Company to Combat Capitalism

A new state-run import-export company will seek to redress regional trade imbalances in favour of Venezuela's economy, writes Kiraz Janicke.... [read more]

Media Vultures Are Coming: Freedom of Expression at Risk

The increasing concentration of ownership of media outlets into relatively few hands presents a serious threat to democratic freedom of expression, says Ramzy Baroud.... [read more]

Obama: Progress Towards Fulfilling Manifesto Commitments

Chris Vasey reckons it's been a promising first few months in the White House for Barack Obama. ... [read more]

Venezuela: US Criticisms of Venezuelan Arms Purchases Lack “Moral Weight”

James Suggett on the uncompromising Venezuelan response to US criticisms of recent arms purchases from Russia.... [read more]

US Audacity of Hope Falters: Settlement Freeze No Longer Required

The Obama administration's policy on Israel-Palestine is looking increasingly indistinguishable from that of the Bush years, as Ramzy Baroud explains.... [read more]

Circles of Crisis

Michael Prior examines the political crisis at the heart of the UK slowdown.... [read more]

Convention of the Left: Challenging the Two-Party System

With mainstream politicians apparently unable to find a way out of the present financial mess, Michael Prior believes now is a critical time for the left to mobilise.... [read more]

Cuba's Hurricane Season

As part of our ongoing series celebrating the fiftieth anniversary of the Cuban Revolution, Tomasz Pierscionek examines how the country's infrastructure dealt with the challenge posed by severe weather on a number of occasions in 2008.... [read more]

Financial Meltdown Deepens

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

Venezuela Strengthens Alliance with Russia to Promote “Polycentrism”

James Suggett on the recent meeting between Hugo Chávez and Dimitri Medvedev.... [read more]

Venezuela Increases Oil Financing for Petrocaribe Nations

James Suggett on how Venezuela is taking a lead in strengthening economic links between Latin America and the Caribbean.... [read more]

MPs' Use of Allowances In The Spotlight Following The Misuse Of Public Funds

Chris Bath believes that the controversy regarding MPs' expenses undermines public confidence.... [read more]