Ann Pettifor

Bank Bail-outs

The BBC’s Cassandras of the Crash

  On Wednesday, 19th September and again on 22nd September, the BBC broadcast an interview in which I participated. It was called Cassandras of the Crash. The programme is available on the BBC’s Radio 4 website, with the following introduction. “Ten years ago, in autumn 2008, the world watched as the biggest financial meltdown in …

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Interview with Martin Sandbu of the Financial Times

I was interviewed by Martin Sandbu of the Financial Times about the nature of money, in particular the importance of borrowers to the creation of money. A video was filmed at Bank Job, a wonderful charity dedicated to a) promoting understanding of money, b) cancelling the debts of the people of Walthamstow and c) using …

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Is It Unreasonable to Blame Bankers/Rentiers for the Rise in Populism?

At the April Rethinking Economicsconference in Oslo  I pointed out that western politicians and economists are repeating policy errors of the 1930s. The pattern of a global financial crash, followed by austerity in Europe and the UK, led in those years to the rise of populism, authoritarianism and ultimately fascism. The scale of economic and political …

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Interview with Wallace Chapman of New Zealand Radio

At the invitation of New Zealand’s Institute of Directors, I recently visited Auckland. I was there to address the IoD’s annual gathering of 600 CEOs..and on the side did this interview with NZ’s equivalent of the BBC, for a Sunday Talk Show with popular host, Wallace Chapman. It was good to be given fully 20 …

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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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Standard & Poor is right, ‘austerity’ has no economic clothes

This is a piece I wrote for the Guardian in response to the S&P threatened downgrade of the Eurozone’s ‘core’ economies. The Guardian wanted a maximum of 600 words, delivered in a short time, so this was written hurriedly, and in the back of taxis ferrying me to TV stations.  For this reason I have …

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It’s not the public, but the private finance sector, stupid.

The Autumn Statement reveals but one thing: the Chancellor and his advisers are both ill-advised and dangerously ill-prepared for the forthcoming prolonged Depression. (And if you think I exaggerate, let me remind you that 20 years after the Japanese debt bubble burst, Tokyo house prices are still falling, and the stock market is worth 60% less …

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Osborne: Speaking truth to wealth and power? Really?

George Osborne was presumably aiming at himself and his friends, when he vowed “to speak truth to power and wealth” at the Tory party conference this week, but dare he speak economic truth to the rest of us? – simultaneously published on Left Foot Forward > On the narrowest of bases, he might still claim …

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