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Information is power. Our mission at Portside is to seek out and to provide information that empowers you -- that empowers the left. Every day we search hundreds of sources to connect you with the most interesting, striking and useful material. Just once a year we appeal to you to contribute to make it possible to continue this work. Please help.

 

books

Finance and Power: A Portrait of The City of London

Geofrey Ingham New Left Review
The City of London, Britain's financial equivalent of Wall Street, is--like its American co-equal --virtually unrivaled given its capacity to develop a business largely on the basis of using the new post-war world currency, the U.S. dollar, and its corresponding wasting away of British industry.

The Bitcoin Hoax

Robert Kuttner Huffington Post
We should hardly be surprised that Bitcoin is on a wild speculative ride—that’s the essence of privatized credit creation.

GE’s Switch

Stephen Maher Jacobin
Jeff Immelt’s resignation as CEO of General Electric shows that we cannot think of industry as finance’s opponent.
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