Ann Pettifor - Page 5 of 63 - Political economist, author and public speaker

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

July 10, 2020 / Capital Flows, Climate Change, Covid19, Economic Orthodoxy, Globalisation, International Financial Architecture

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

June 26, 2020 / International Financial Architecture, International Financial System

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

June 17, 2020 / Bretton Woods, Climate Change, Globalisation, International Financial Architecture, Uncategorized

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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We can get killed…..

June 16, 2020 / ECB, Euro, Euroland, Uncategorized

The following are my notes for a contribution to the debate on the post-Coronavirus economy held in the European Union’s parliament on 15 June, 2020. (The Parliament was largely empty as many MEPs were still shielding or self-solating from the pandemic. ) Other contributors included: Pierre-Olivier Gourinchas, Professor of Global Management, University of California, Berkeley,

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Vultures are Circling Our Fragile Economy…

June 16, 2020 / Capital Flows, Globalisation, Privatisation, Taxation, Uncategorized

This article appeared on the Open Democracy site on 16 June 2020 On the weekend of 30 May Elon Musk – a billionaire with a net worth of $38billion – launched a rocket into space. This private venture was in contrast to President Kennedy’s ‘moonshot’ ambition of 1961-69 – one of the greatest mobilizations of

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Inequality and Morbid Symptoms of a Financialised System

June 1, 2020 / International Financial Architecture, International Financial System

This article appeared in a special, June 2020 edition of the Real-World Economics Review that majored on The Inequality Crisis. Today as the world endures the crisis of a global pandemic, “an old order is ending in convulsions”. So writes Rebecca Spang, historian of the French revolution in The Atlantic (Spang, 2020). In the 1790s,

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Globalisation, a pandemic and the US dollar

May 4, 2020 / Capital Flows, Credit Creation, Globalisation, International Financial Architecture, International Financial System, Neo-liberal Economics, Sovereign debt

As published on Progressive International on Monday, 11 May, 2020 She said, “My name’s Flo, and you’re on the right track But look here, daddy, I wear furs on my back So if you want to have fun in this man’s land Let Lincoln and Jackson start shaking hands I reached in my pocket, and

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The future of money – for El Pais

May 4, 2020 / Deflation, International Financial Architecture, International Financial System, Money

This note was published by Spain’s El Pais on 4 May, 2020 Central banks have adopted extraordinary, historically unprecedented measures to prevent this pandemic collapsing the globalised financial system. Trillions of dollars, euros and yen have been created ‘out of thin air’. As a result there is a fear of inflation – the erosion of

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Here’s a three-step plan to take back control

April 17, 2020 / Anglo-American Financial Crisis, Central Banks, Globalisation, Green New Deal, International Financial Architecture, International Financial System, Public Finance

This essay appeared in The Correspondent on 17th April, 2020. The health of our domestic economies and the planet is tied to market forces that are largely invisible and little understood. As Covid-19 shakes the foundations of the world economy, rather than hope to restore it, let’s work to replace it. I was born and

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