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Michael Foot and his Legacy for Labour

Michael Foot stood head and shoulders above the men who succeeded him as Labour leader, argues Barbara Humphries.... [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]

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]

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]

Dying for Industry

Pathological cruelty and neglect have to be dealt with so that animals do not fall prey to the farming trade’s worst practitioners... [read more]

The true 'creatives' - let them eat cake? Or, in India, poor quality rice

The LPJ's India correspondent, Colin Todhunter, describes how India's true wealth creators are increasingly sidelined as temples to global capitalism spring up across the country... [read more]

Spying an opportunity

Stephen Gilbert argues that surveillance over the whole population involves an erosion of our basic liberties. We give away our rights at our own peril. ... [read more]

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]

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]

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 Crisis Worse than ISIS? Bail-Ins Begin

While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US... [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]

Decline of Earth's plant life threatens human life as we know it

Dr John Schramski, of the University of Georgia, has recently completed (as lead author) a study of the effects of the over exploitation of Earth’s plant biomass... [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]

Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, is more profitable than Goldman Sachs Group... [read more]

The Imminent Prospect of a US-Iran Breakthrough worries the Hawks

The international community grapples once again with the imminent prospect of a “nuclear deal” between the US (P5+1) and Iran before the extended deadline of November 24 arrives... [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]

Israel: International Anger Mounts

“The situation involving Palestine 
and Israel is an undeclared war, in which the aggressor, Israel, has 
destroyed the Palestinian economy, robbed people of their land, 
unilaterally changed borders, and unilaterally built a wall of exclusion 
to keep Palestinians out of their land... [read more]

You are now leaving Working England, Welcome to Middle England: The socio-economic underachievement of Neo-Liberalism in attaining reduced class disparity

Since the economic reform of the 1980’s, politicians like Blair, Thatcher and Prescott absolutely believe that the working class no longer exists and the majority of UK citizens are now middle class, writes Elijah Pryor.... [read more]

You are now leaving Working England, Welcome to Middle England: The socio-economic underachievement of Neo-Liberalism in attaining reduced class disparity

Since the economic reform of the 1980’s, politicians like Blair, Thatcher and Prescott absolutely believe that the working class no longer exists and the majority of UK citizens are now middle class, writes Elijah Pryor. SOFT EDIT - ER 17/01/13... [read more]

Lenin on "Reactionary" Trade Unions: Chapter Six of "Left-Wing" Communism: an Infantile Disorder

In his latest article analysing “Left-Wing” Communism: an Infantile Disorder, Thomas Riggins looks at Lenin's views on what sort of relations a Marxist party should have with the trade union movement... [read more]

A boost for peaceful direct action in Spain

Jim Handley reports on recent Anarchist action against austerity... [read more]

Camping Needs Solid Ground

LPJ's arts correspondent and resident philosopher, Stephen Gilbert, comments that an emphasis on celebrity is the prevailing television flavour of the age, infecting every genre of programming, whether appropriate or not... [read more]

A Ghost Story Retailed (part two)

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 two...... [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]

Poor's show

Ever since the decline of European Socialism in the 1980s and the collapse of the Soviet Union in the ’90s, capitalism has considered itself king of the world and has behaved accordingly, says W Stephen Gilbert.... [read more]

International Banking – A System Ruled by Stupidity and Fraud

Reflecting on the fraud allegations against Goldman Sachs, Mick Brooks argues that only full nationalisation can provide proper accountability for the banking system.... [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]

‘Close to One Billion’ People Going Hungry. That’s Capitalism.

Fred McDowell on a UN report which is offers a damning indictment of the failures of the capitalist world economy.... [read more]

The End of "The End of History"

David Brandon examines the discredited view that world history came to an end when the Berlin Wall came down.... [read more]

Death of the Noble Idea

Big money trumps everything in politics, even the most dearly-held beliefs.... [read more]