Ann Pettifor

QE: How the World Got Hooked on Magicked-Up Money

Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself.The system, notionally governed by the invisible hand of the market, is no longer governed in any meaningful way: private excess puffs up bubbles that government indulgence ensures can never burst. We seem condemned to volatile commodity prices, wild capital flows, worsening imbalances in trade, taxation and income, and—before long—the next sovereign debt crisis.

NEW ECONOMIC PARADIGMS

The following by yours truly was prepared for the Progressive Governance Digital Summit on 10th June, 2021.  The COVID19 crisis illuminated the reality of globalisation. World leaders proved incapable of convening an international summit to prevent the spread of the pandemic and to collaborate on a vaccine for the world’s people – the 99%.  However, …

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A new internationalism on the terms of labour

  This article was written for the Brussels-based Foundation for European Progressive Studies (FEPS) and published here on the 7th June, 2021. If progressive European political parties are to achieve both relevance and electoral success, a paradigm shift is required: away from Social Democracy’s attachment to financialised globalisation. If they aim to defeat nationalism, and …

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To restructure the British state, the international financial system must be transformed.

I contributed the following to a book – THE RETURN OF THE STATE –  published by the Progressive Economy Forum (PEF) and launched on 19 May, 2021.  The Covid-19 crisis has demonstrated one important truth. The international financial system is designed on terms that suit the owners of capital, not on terms that suit nation …

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For the Age of Economics podcast: The International Financial System

The objectives of this project, The Age of Economics, are to shed light on the most salient challenges facing human civilization, explore the role of economics and the inner workings of capitalism, and heighten people’s awareness of both the economic system in which they live and work, and the role of economics in understanding this ever-changing system.