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This Radical Plan to Fund the ‘Green New Deal’ Just Might Work

With what author and activist Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by Rep.-elect Alexandria Ocasio-Cortez, D-N.Y., appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop... [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]

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]

Trumping the Federal Debt Without Playing the Default Card

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

Can Jill Carry Bernie’s Baton?

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

Why Is the Fed Paying So Much Interest to Banks?

When “Mary Poppins” was made into a movie in 1964, Mr. Banks’ advice to his son was sound. The banks were then paying more than 5% interest on deposits, enough to double young Michael’s investment every 14 years.... [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]

Trump Takes on the Fed

The president has criticized Federal Reserve policy for undermining his attempts to build the economy. The best way to make the central bank serve the needs of the economy is to make it a public utility.... [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]

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]

Cats in a Sack

A fight is going on. A fight of all against all. A fight without rules or limits... [read more]

Drug and Bank Lords

Part three of the series by Eric Toussaint: The banks and the “too big to jail” doctrine... [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]

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]

The Shimomuran Economics Solution to the Western Economic Crisis

George Tait Edwards explains how investment credit creation could resurrect Western economies... [read more]

Slash and Burn Capitalism

Now the government intends to strip away protection from our most treasured places, says George Monbiot.... [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]

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]

Poor get Hit as Business Walks Free

Rob Ray on why the Treasury won't plug the holes in the UK tax system.... [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]

Trumps War on the Fed

October was a brutal month for the stock market... [read more]

Central Banks Have Gone Rogue, Putting Us All At Risk

Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their independence from government. They have become rogue players in a game of their own.... [read more]

Against Da Law (Part 2)

The law is indeed trickier than a snake, and can slip under obstacles and slither away into the undergrowth. It leaves in its wake tattered truth and battered justice... [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]

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]

How America Became an Oligarchy

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

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken... [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 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]

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]

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]

Lies, Damned Lies and Opinion Polls

Stephen Gilbert challenges the so called 'accuracy' of ICM opinion polls and shows how Labour continues to miss classic opportunities to rebut Conservative policy. ... [read more]

Britain's Coalition Government: Unleashing the Forces of Hell

It's now several weeks since the Tories swept into office, propped up by the Liberal Democrats. Chris Mason-Felsing looks at the story so far.... [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]

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]

Gordon Brown and "Light Touch" Regulation

Mick Brooks on how Gordon’s policies left the UK unprepared for the present financial crisis.... [read more]

The Bailout: A Reality Check for America

Safreena Rajan on why the present recession is a damning indictment of the incompetence of the Bush administration.... [read more]

Hay Festival Raises More Questions Than Answers

Matt Genner considers Naomi Klein's comments at this year's Hay Festival.... [read more]

The Financial Secret Behind Germany’s Green Energy Revolution

Funding through the Federal Reserve may be controversial, but establishing a national public infrastructure and development bank should be a no-brainer.... [read more]

Dear Mister Corbyn

This is not a letter I thought I would ever have to write when I joined the Labour Party, but it has to be written.... [read more]

U.S. IMMIGRATION: Is It Still an (inter-)National Asset or a Heartland Liability? You be the final Judge!

Give me your tired, your poor, your huddled masses yearning to breathe free ... [read more]

A Public Bank for Los Angeles? City Council Puts It to the Voters

California legislators exploring the public bank option may be breaking not just from Wall Street but from the Federal Reserve.... [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]

From Afghanistan to Anantnag via Abbotabad (Part 3)

On May 2, 2011 Pakistani military cadets at the Kakul Academy in Abbotabad, Pakistan woke up to an approaching juddering sound.... [read more]

How Uncle Sam Launders Marijuana Money

In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits.... [read more]

Regulation Is Killing Community Banks – Public Banks Can Revive Them

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.... [read more]

Random Arrows and a Big Fist: Noam Chomsky Discusses Trump, Russia, the Middle East and Latin America

A few months ago, I interviewed Noam Chomsky as part of our new book Voices for Peace: War, Resistance and America’s Quest for Full-spectrum Dominance... [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]

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]

Branded

Perhaps the most sadly significant sign among the daily deceits currently stinking up the White House, is the redefinition of "presidential."... [read more]

Danegeld

It was just over a thousand years ago that the King of England shook his piggy bank and found it full of twigs and trinkets. He needed dosh and he needed it fast.... [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]

America’s Brexit: to fight Trump, fight Capitalism!

What once seemed unthinkable — akin to an episode of the Twilight Zone — has become a surreal reality... [read more]

Abu-Mazen's Balance Sheet

People wonder why Netanyahu denounces Abbas as an "inciter", while not mentioning Hamas. To solve this mystery, one must understand the Israeli Right does not fear war, but is afraid of international pressure – and therefore the "moderate" Abbas is more dangerous than the "terrorist" Hamas.... [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]

Cannabis -Marijuana: The “War on Weed” Is Winding Down – But Will Monsanto/Bayer Be the Winner?

The war on cannabis that began in the 1930s seems to be coming to an end... [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 European Central Bank’s true priorities

Part 7 in a series of articles by Eric Toussaint - Governments submit to “Too Big to Fail” banks ... [read more]

The big private banks run on LTRO

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

A Bribery Case

When the State of Israel was founded, the new foreign minister, Moshe Sharett, did something that seemed quite natural. He sold his private apartment.... [read more]

Lucky Bastards of The 20th Century: The Story of The Economic Bomb

During 1980 a small group was formed to act under the aegis of Michael Grylls, MP, who was then the Chairman of the back bench Industry Committee in the House of Commons... [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]

Building the Fight against Austerity

It has been a depressing few weeks for the supporters of the Labour Party’s new leader Jeremy Corbyn... [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]

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]

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]

Fast-track Hands the Money Monopoly to Private Banks — Permanently

In March 2014, the Bank of England let the cat out of the bag... [read more]

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

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

General Election disaster for working people as Tories stay in power

Big business and the fat cats of the City of London are celebrating the victory of their friends in the Tory Party... [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]

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

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

Economic Policies for an Incoming Labour Government (Part 1 of 9)

The Coalition Government’s Failed Austerity Programme... [read more]

With this attack on community energy the big six win out over 'big society'

By changing the rules, this government has sabotaged the promise of a UK community energy revolution and secured the dominance of the big six energy companies, writes George Monbiot.... [read more]

The War on Terror and the Terror of War

The vicious cycle of state and individual terror continues unabated. Marxists have long explained that imperialism and Islamic fundamentalism are two aspects of the same reactionary phenomenon—the decay and decline of capitalism—which threatens to take the whole of humanity down with it.... [read more]

Common Factors in Cases of Economic Resurgence

Successive British Governments have persistently denied the importance of industry in the national economy, with some of ministers foolishly regarding industrial decline as inevitable writes George T Edwards... [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]

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]

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]

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]

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 Economic Policy For A Post Neo-Liberal World (Part 3 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]

Bono can't help Africans by stealing their voice

Because the U2 frontman and others like him are seen as representatives of the poor, the poor are not invited to speak, writes George Monbiot.... [read more]

The Master Economist Dr Osamu Shimomura - Probably the Greatest Economist of the 20th Century After John Maynard Keynes

George Tait Edwards discusses the immense contribution that Dr Osamu Shimomura (1910-1989) made to the field of economics... [read more]

The End of Money

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

If markets weren't masters and economics worked for people

The choice on the one hand is for people to be a resource for a rich economy. The choice on the other is for a rich economy to be a resource for society. Alfie Stirling explains... [read more]

The day my inner anarchist lost out to the bourgeois me

A winter's day, some years back: a fall on the ice landed George Monbiot in A&E – and that's when he met the man with tattoos on his neck and knuckles.... [read more]

An animation calling for economic democracy

To answer the question of what the world will look like after capitalism, we first have to decide what we mean by capitalism. If it means a system that arises from lending money at interest, then there will be no “after capitalism” writes George Monbiot.... [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]

The Devil’s Playground

The very concept of work, and its application in society, is controlled by those whose policies have been sent straight from hell. outRageous! explains... [read more]

The Corporate Welfare State

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

Weimar Revisited

Uri Avnery explains how the three main pillars of Israeli democracy - the courts, the media and the human rights organisations - are under threat from the political right. ... [read more]

Introducing ... British Government Plc

John Green on the growing preponderance of unelected advisors from the business sector in senior government roles. ... [read more]

Bewildering Times!

From student fees to taxes, the Liberal Democrats are increasingly being seen as cheerleaders for hard-line Tory policies, writes Chris Mason-Felsing.... [read more]

Thatcher and the Last Tory cuts

Eric Hollies puts today's coalition government in historical perspective by looking back on the brutal public spending cuts imposed by the Thatcher government.... [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]

Pension Rights And Wrongs

Socialist Appeal's Eric Hollies on how Britain's bosses and directors continue to prosper while the financial crisis takes its toll on the rest of the nation.... [read more]

Justice in Shades

A damning judgement on army killings suggests that officials at every level have covered up torture and murder, as George Monbiot explains.... [read more]

Matter of the Heart

Uri Avnery looks back over the first 100 days of Binyamin Netanyahu's second term as Israeli Prime Minister.... [read more]

Venezuela and Russia Create Bi-National Bank

James Suggett on a bold initiative aimed at facilitating a more 'multipolar' world economy.... [read more]

Who's the Boss?

After a tumultuous few weeks in Israeli politics, Uri Avnery examines the worrying rhetoric emanating from the new administration.... [read more]

Interview: Manuel Yepe talks to London Progressive Journal

On the Fiftieth anniversary of the Cuban Revolution, Alexa Van Sickle talks to Manuel Yepe, the former Cuban Ambassador to Romania and close friend of Che Guevara, about what the future may hold for the Caribbean island. ... [read more]

The Recession is the Government's Opportunity to Act on its Green Promises

Luke Aldred argues the current economic crisis represents a perfect opportunity for the British government to implement far-reaching changes to make Britain greener and more sustainable.... [read more]

Ecuador Pushing to Break Free from the Cycle of Debt

Samuele Mazzolini examines a bold new intiative from the Ecuadorean government, aimed at establishing a coordinated transnational policy among debtor nations with respect to the crippling debt burdens that are stifling progress in the developing world.... [read more]

‘Justice’ Cut to the Bone

Rob Ray considers the effect of budget cuts across the criminal justice system.... [read more]

Bail-out Blackmail

Mick Brooks on the truth behind the US government's bail-out of the financial sector.... [read more]

The Contest for the Centre

Matt Genner on how the ongoing struggle for the political centre ground is undermining democracy.... [read more]

Windfall tax: Good for the Country, Good for Labour

Zoe Gannon believes a progressive policy on taxation would help restore working-class support for Labour and revive the party's electoral prospects.... [read more]

Losing the Will to Serve

With below-inflation pay rises and increased targets, no wonder Labour has lost the votes of the public sector workers who keep this country going.... [read more]

It’s Time to say Thank You to our Immigrant Communities

Parmjit Dhanda MP on the continued success of immigration in Britain.... [read more]

This Week in the Media: Government Private Sector Bailouts, and the Furore Over Sharia

David Floyd believes the government's bailout of multibillon-pound private-sector companies is a big waste of everyone's time and money.... [read more]

Brown's Taxation U-Turn Shows Labour Is In Thrall To Big Business....Again

Labour's U-turn on non-domicile tax threatens their credibility and electoral prospects.... [read more]