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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 circulating money supply: Why QE3 won’t jumpstart the Economy—and What Would

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers — but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives, argues Ellen Brown.... [read more]

United-States : the Fed Bails Out Wall Street

Part 4 of Eric Toussaint's series: Governments submit to “Too Big to Fail” banks... [read more]

Venezuela Halts Mining in Forest Preserve, but Renews Permit Discussions

James Suggett on the ongoing struggle for control of Venezuela's natural resources.... [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]

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]

How Obama Could Beat the Debt Ceiling and Go Out a Hero

The debt ceiling is an unconstitutional gimmick that violates the 14th amendment... [read more]

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]

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]

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]

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]

The End of Money

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

Saving Illinois: Getting More Bang for the State’s Bucks

Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions.... [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]

“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]

Can Jill Carry Bernie’s Baton?

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

Exposing the Libyan Agenda: A Closer Look at Hillary’s Emails

Before 2011, Libya had achieved economic independence, with its own water, its own food, its own oil, its own money, and its own state-owned ban... [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 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]

Russell Brand and the Nixon inequality shock

Russell Brand's call for revolution reverberated with many beyond the underclass he referenced... [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]

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 Italian Banking Crisis: No Free Lunch—or Is There?

It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone... [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]

Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?

Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead... [read more]

In the Panama Capers we Trust

The leaked Panama Papers, from the Panamanian law firm Mossack Fonseca & Co, are spilling the beans on the details of what the rich, powerful and greedy get up to with unseemly amounts of dosh... [read more]

Killing Off Community Banks: Intended Consequence of Dodd-Frank?

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks... [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]

The War of Fools

A few days ago, Israeli TV Channel 10 broadcast an investigative story about the 2006 Israeli attack on Lebanon, known as "Lebanon War II"... [read more]

Conservatism in a nutshell

It’s not enough to defeat Tory ideology. We also have to defeat the Tory propaganda machine that brainwashes people with their slogans and catch-phrases... [read more]

Chagos: Britain, the CIA and Diego Garcia – Something fishy going on?

My attention was drawn by chance to another article on Diego Garcia in the Independent stating that the government must renegotiate with US over the use of the island for rendition flights.... [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]

An Extended Review of "Princes of the Yen" by Professor Richard Werner

George Tait Edwards reviews “Princes of the Yen”, the latest book written by Professor Richard Werner... [read more]

An economy ruled by the mob

It is not easy for any of us to get our heads around the complexities of modern economics. Many capitalists themselves and certainly most politicians no longer understand how the system really works... [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 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]

Marx Reloaded

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

Modern Pauperism and its Consequences: A Dissenting View on the Riots in England (Part I of II)

The first part of an essay by Matthias Dapprich in which he adopts a class based analysis of the recent London riots. ... [read more]

Venezuela: US Military is in Colombia to Control the Region’s Natural Resources

James Suggett on the true purpose behind the build-up of the US military presence in Colombia.... [read more]

The Working Class Must Not be Left to Pay for Wall Street Mess

Socialist Appeal's Walter Leon on the far-reaching implications of the financial crisis. ... [read more]

Financial Meltdown Deepens

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

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]

Reportage: Adjusting the Focus

Two book reviews by outRageous!... [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]

North Korea an Aggressor? A Reality Check

The mention of one tiny country appears to strike at the rationality and sanity of those who should know far better... [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]

What a State-Owned Bank Can Do for New Jersey

Having a cheap and ready credit line with the state’s own bank can have similar benefits for New Jersey and other states... [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]

Health and Humanity: Conclusion

A healthy human, with a foundation of biopsychosocial health, could hope to find their purpose in life... [read more]

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends... [read more]

The Populist Revolution: Bernie and Beyond

The world is undergoing a populist revival. From the revolt against austerity led by Syriza to Jeremy Corbyn’s surprise victory as Labour leader... [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]

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]

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]

“Guerrilla Warfare” Against the EU-ECB-IMF Economic Hegemony: The Challenge and Promise of Greece. The Nationalization of the Banking System

Greece could restore the liquidity desperately needed by its banks and economy by nationalizing the banks and issuing digital loans backed by government guarantees... [read more]

War Crimes? Us???

The concept of "war crimes" is dubious. The biggest crime is starting the war in the first place... [read more]

Derailing Amtrak

Tracking the Latest Disaster in the Infrastructure Crisis... [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]

The Trans-Pacific Partnership and the Death of the Republic

On April 22, 2015, the Senate Finance Committee approved a bill to fast-track the Trans-Pacific Partnership (TPP)... [read more]

How America Became an Oligarchy

According to a new study from Princeton University, American democracy no longer exists... [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]

Iraq’s Children: Ever Expendable - From Madeleine Albright to “Save the Children.”

By 2010, seven years in to an unending war, over a quarter of Iraqi children suffered from Post Traumatic Stress disorder... [read more]

Why leaving fossil fuels in the ground is good for everyone

As a new report is published on the need to limit fossil fuel production to stop dangerous global warming, the UK is poised to pass an act committing governments to extracting as much oil out of the ground as possible, writes George Monbiot.... [read more]

If you must eat meat, save it for Christmas

From chickens pumped with antibiotics to the environmental devastation caused by production, we need to realise we are not fed with happy farm animals, writes George Monbiot.... [read more]

Lenin: State and Revolution: Chapter 5 (Part 2)

The second part of Thomas Riggins' analysis of Chapter 5 of Lenin's State and Revolution... [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]

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]

Israel slates Gaza for fighting back but why the double standards on “resistance”?

The Palestinians of Gaza consider themselves to be living within “occupied territory”, a fact recognised by the United Nations Human Rights Council and Human Rights Watch due to the fact that Israel maintains control of Gaza’s airspace, waters and borders... [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]

Saving the world should be based on promise, not fear

For 30 years I banged on about threats. But research shows we must to be true to ourselves – and to the wonder in nature, writes George Monbiot.... [read more]

Police, Guns, Action – how safe were England’s pilot badger culls?

The British government’s policy to rid England’s cattle of bovine TB by culling badgers is unravelling writes Lesley Docksey... [read more]

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]

President Obama Receives “Ambassador for Humanity” Award (Not Satire)

“It is forbidden to kill; therefore all murderers are punished unless they kill in large numbers and to the sound of trumpets.” (Voltaire, 1694-1778).... [read more]

The forgotten coup - and how the godfather rules from Canberra to Kiev

Washington's role in the fascist putsch against an elected government in Ukraine will surprise only those who watch the news and ignore the historical record. Since 1945, dozens of governments, many of them democracies, have met a similar fate, usually with bloodshed, writes John Pilger. ... [read more]

Banks bluff in a completely legal way

Part 8 of Eric Toussaint's series Banks Versus The People: The Underside Of A Rigged Game!... [read more]

Mandela is gone, but apartheid is alive and well in Australia

In the late 1960s, I was given an usual assignment by the London Daily Mirror's editor in chief, Hugh Cudlipp. I was to return to my homeland, Australia, and "discover what lies behind the sunny face", writes John Pilger.... [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 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]

Making the World Safe for Banksters: Syria in the Cross-hairs

In an August 2013, journalist Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street ans US Treasury officials to open banking to the lucrative derivatives business... [read more]

From Hiroshima to Syria, the enemy whose name we dare not speak

John Pilger writes that regardless of diplomatic attempts to delay an attack on Syria, the US objective has nothing to do with chemical weapons and everything to do with wiping out the last independent states in the Middle East.... [read more]

Elections in Norway

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

Is there an alternative to the Labour Party?

Trade unionist Karl Davis looks at comments made by RMT General Secretary Bob Crow who called for the formation of a new political party for workers... [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 choice to be British

Congratulations to the British Falkland Islanders, including the large Saint Helenian community there, some of whom are my relatives on my mother's side, writes David Lindsay after a referendum that was controversial in some parts of the world.... [read more]

How the chosen ones ended Australia's sporting prowess and revealed its secret past

John Pilger describes how sports-obsessed Australia's disappointing showing at the London 2012 Olympics have offered a glimpse of a secret past.... [read more]

Off the Agenda: The Unresolved Question of Egypt's Economy

A new Egypt demands a new constitution and president. Many pressing questions also need to be addressed, including the religious-secular divide, the value of Sharia in the making of law, citizenship, minority rights, the rule of civil society, foreign policy, and much more, says Ramzy Baroud.... [read more]

The great 'American' nightmare

Whilst some have gained much from India's economic boom, many have also lost out from the 'Americanisation of India'. Colin Todhunter discusses.... [read more]

The Elephant is Still in the Room

The Republicans have no one to blame but themselves if they appear to be careering to electoral defeat, writes W Stephen Gilbert.... [read more]

Euro zone crisis: A Green alternative

We are watching economic injustice crush a nation before our eyes. On 20 March, Greece must meet the next tranche of debt repayments,says Alfie Stirling.... [read more]

The Assange case means we are all suspects now

John Pilger reveals the extent to which the White House will go to silence 'Whistleblowers' speaking the truth... [read more]

The Great Pay Robbery

Here’s why the government’s proposals on executive pay won’t work – and why we need a maximum wage, says George Monbiot.... [read more]

Get lost, Petrobras! (Or do I mean Brazil?)

David Hill reports that a Brazilian company plans to drill for oil within a section of the Peruvian Amazon rainforest causing massive ecological destruction and disruption to the lives of the Indigenous people living there. ... [read more]

Reformed Venezuelan Bank Law Separates Banks and Media

Tamara Pearson reports on an important Venezuelan initiative to prevent the corporate media from getting directly involved in the banking and finance industries.... [read more]

The Greeks are Fighting for Us All

The Greek crisis is merely the first stage of a wider global backlash against neoliberal economics, argues Steven Colatrella.... [read more]

Chavez Calls for International Organisation of Left Parties

Kiraz Janicke on the Venezuelan president's call for a 'Fifth International' of left parties.... [read more]

A Paradigm Shift in Singapore: Yet Apec Offers No Clear Answers

Ramzy Baroud on the high-profile international summit held in Singapore this week.... [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]

Not Even Wrong

Guardian journalist George Monbiot on a radical approach to cutting greenhouse gases.... [read more]

Lover of the Country

Uri Avnery remembers a writer and activist who devoted his life to challenging the militarism of the Israeli state.... [read more]

Marxists Must Stand Firm Against Ahmadinejad

An Iranian Marxist makes a plea to Venezuelans to reject their government's support for Iran's reactionary president Ahmadinejad.... [read more]

Remembering the Indonesian Killings

The Indonesian massacres of 1965-66 rank among the biggest mass murders of the 20th Century. Looking back on this tragic episode, Nathaniel Mehr asked Noam Chomsky for his observations on the significance of US and British support for the massacre. ... [read more]

Political Crisis Deepens in Britain

Rob Sewell picks apart the media furore over the MPs' expenses scandal which has rocked British politics over the past fortnight.... [read more]

Changing the Face of Bolivia

Jeremy Corbyn examines the dilemmas facing the progressive government of Evo Morales in Bolivia.... [read more]

President Obama Announces $1 trillion ‘New Deal’ Programme

Christopher Vasey on the Obama administration's new initiative to kick-start the US economy.... [read more]

Unprecedented!

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

Colombia’s Double Realities: Threats Against Indigenous Communities Ignored as Calls for a Second Re-election of President Uribe Get Louder

As Colombia's President Uribe continues to target the country's indigenous communities, Mario A. Murillo examines why many Colombians are opposed to Uribe's reactionary government.... [read more]

Ecuador Seizes Banking Firms

Samuele Mazzolini on the bold steps taken by Ecuador's President Correa as he bids to bring financial stability and security to the country.... [read more]

The Pleasures of the Flesh

If you care about hunger, eat less meat.... [read more]

Polish Community Hits Back At Daily Mail

Chris Bath on the Daily Mail's crass xenophobia.... [read more]