Ann Pettifor

International Financial System

2018 Economic forecast for the FT: will UK economy grow?

PRIME (Policy Research in Macroeconomics) economists were asked by the FT “How fast do you think the UK economy will grow in 2018 and how will this compare to other countries?” (See here: https://www.ft.com/content/ceb165ee-ebb5-11e7-bd17-521324c81e23) We replied as follows: The end of 2017 witnessed, in our view, the top of the global asset bubble. Rupert Murdoch’s decision to …

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Take back control of the Palace

In this piece, written for International Politics and Society, I argue that  the global investigation into the “Paradise Papers’ has created an opportune moment for wider debate about how the increasingly corrupt and out-of-control global financial system can be tamed. It is time, I argued, that tax-paying citizens recognised their power to create change, and to manage …

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Money for Nothing…

The production of money is ultimately the struggle for control over resources, wealth, people and our environment. But there is a surprising level of ignorance around how banks create money out of thin air and the benefits which flow from it. So on this programme we shine a much-needed light on who should get the …

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ABC daily report – ‘Let them default’

While I was in Australia I recorded this interview with ABC’s daily show. This went out on 15th September. Watch it above or on ABC’s website here >

My tour of Australia – with the SEARCH Foundation

Read about my speaking tour of Australia below – from the SEARCH Foundation: The SEARCH Foundation is currently touring eminent British economist and author Ann Pettifor around Australia and she is visiting our shores with a warning; the GFC inducing credit crunch is not over and Australia’s banking sector is vulnerable. Ms Pettifor is visiting …

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Savings and the alchemy of credit – my article for Aviva

Aviva has brought together a collection of prominent thinkers to provoke renewed debate and fresh ideas about future prosperity and creating a culture of sustainable savings. The group, names the ‘Future Prosperity Panel‘, published their report ‘Big picture thinking – Towards sustainable savings’. My article is called ‘Savings and the alchemy of credit’ and is published …

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An open letter to the people of Greece: restore the Drachma

Unemployment poster ‘jobless men keep going, we can’t take care of our own’, 1931. We write to encourage you – to urge you on in your resistance. In your defiance, you understand Greece is slave to the interests of private wealth. You must understand too that it is private wealth that needs Greece. Greece does …

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Is the banking system broke, as well as broken?

Much of the news of the last few weeks – the financialised commodities mania; the disgraceful abuse by the banks of payment protection insurance; the mortgage fraud which led US banks to rush through foreclosures without proper process and evict people from their homes;and their  decision reported  in the WSJ to offer a miserly $5 billion to …

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Coming soon: another global financial crash? Capital mobility and the commodity mania

Tin produced at a Glencore plant in Vinto, Bolivia “Experience shows that when policies falter in managing capital flows, there is no limit to the damage that international finance can inflict on an economy.” Yilmaz Akyüz, “Capital Flows to Developing Countries in a Historical Perspective: Will the current Boom End with a Bust?” Today, as …

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The ‘Robin Hood Tax’

10th February 2010 I have a comment in todays Guardian on the new campaign on the Tobin Tax – the ‘Robin Hood Tax’. Click here to read the whole article: Ann Pettifor: “The proposed currency transaction tax (CTT) represents the tiniest grain of sand in the wheels of global, mobile capital, and places very little …

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