Ann Pettifor

Bretton Woods

What a financial tailspin may mean for you and me

Wall Street plummeted as concerns over European debt and the US economic downturn spurred a broad sell-off. Photograph: Shen Hong/Xinhua Press/Corbis Read my article from Guardian Cif, Friday 19th August: As bank shares and stock markets plummet, and investors flock to the safety of government bonds; as obstinate EU leaders crucify their countries in a …

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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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Austerity: OECD economists show clear signs of ‘cold feet’ for austerity

(Photo: REUTERS / Yiorgos Karahalis ) A Greek riot policeman stands in front of graffiti written on the wall of a bank during violent demonstrations over austerity measures in Athens, May 5, 2010. Greece faced a day of violent protests and a nationwide strike by civil servants outraged by the announcement of draconian austeristy measures. …

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What Europe wants from Obama

Speigel Online: 5th November 2008 My hope is that the next US president will help build a new, more just, stable and sustainable global financial architecture, vital for balance and stability in the world economy, but also for the eco-system… Read More (scroll halfway down)

The new Bretton Woods: economies of scale.

21st October, 2008 A new Bretton Woods: To save economies and the planet, we must tame markets,upsize the state, and downsize the global single market.  This piece is derived loosely from the book I edited at the new economics foundation “Real World Economic Outlook” (Palgrave, 2006). The proposal for an International Clearing Agency draws on …

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