Ann Pettifor has been synonymous with the issue of cancelling third world debt. In this book, written in 2005 and published in September, 2006, she turned her attention from the debt crises of low-income countries to the ballooning debts of the rich, or ‘first world’ countries. The book highlighted threats posed by high levels of debt owed to Anglo-American governments, corporations, households and individuals, and predicted that a debt-deflationary crisis loomed. The book was largely ignored at the time of publication, but later came to be acknowledged as prescient.
Menu