Ann Pettifor

How to transfer power away from markets to democratically elected governments

This article was written in July, 2020 for Project Syndicate where it was finally published on 1st October, 2020. The global economy suffers from dangerous imbalances.  Economic goals for endless ‘growth’ lead to rises in heat-trapping gases that conflict with the earth’s limited capacity to manage rising toxic emissions.  Urbanisation, pollution, soil erosion, deforestation, depletion …

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The universities were warned…

On 8th April, 2019, I addressed the annual conference of the British Universities Finance Directors Group held at Royal Holloway College. The theme of my presentation was: “For how much longer is globalised, credit-fuelled ‘growth’ sustainable?” The assembled Treasurers and Finance Directors listened in respectful silence, but few questioned me after the presentation. My presentation …

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For an economic and a green revolution: Chartist interview

Nigel Doggett and Mike Davis spoke to Ann Pettifor about why a Green New Deal is central to our recovery   How do you see the GND playing out against the Covid crisis? There are two roads to travel. One is the progressive one in which our leaders wake up to the scale of the …

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Radically transforming the EU economy – and how to finance it

September 4, 2020 The following article appeared on Progressive Post, the website of the Foundation of Progressive European Studies (FEPS) The Covid-19 pandemic has revealed a simple truth: today’s model of globalised, financialised capitalism, teetering on a shaky foundation of vast debts and costly credit, cannot deliver human well-being. In order to reverse the course, …

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Remembering John Weeks

Late last month, pioneering socialist economist John Weeks passed away. Ann Pettifor remembers her colleague and friend – and his contributions to left-wing politics. This piece first appeared in Tribune magazine on 08 August, 2020. Please note correction at the end of this piece. John Weeks, brilliant Left economist and public intellectual, would have been …

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Green Shoots: the best books to inspire hope for the planet

This review of books to inspire a green transformation appeared in The Guardian on 18 July, 2020. Everyday life has been upended by the pandemic, but the Arctic heatwave is a reminder that the climate crisis still poses an urgent threat to humanity. We will need resolve, ambition and optimism as we emerge from lockdown, …

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The duel: Should we aim to get the economy back to “business as usual”?

The following debate between Paul Wallace and Ann Pettifor appeared in Prospect magazine on 10 July, 2020.   Is our capitalist economy an unparalleled engine of prosperity, or a human and ecological disaster? Two contributors debate whether the system is worth saving   Yes—Paul Wallace It is tempting, when living through a once-in-a-century event such …

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Put Fairness at the Heart of Finance

This article appeared in the UK-based Church Times on 26 June, 2020 The coronavirus pandemic is a moment of reckoning for globalisation and our international financial system. The pandemic has shown how unjust the international system is towards low income countries; given us the opportunity to imagine another economy; and served as a warning.  If …

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Rebuild the Ramshackle Global Financial System

The following appeared in Nature magazine on 17 June, 2020 Economic researchers neglect the role of financialization in global existential crises. Riddled with comorbidities, the current global monetary and financial set-up precipitates crises with increasing frequency. At first, these were on the fringes of the global economy; in 2007–09 they moved to its very core. …

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