Bretton Woods - Ann Pettifor

Various interviews on de-globalisation in the European and British press

December 14, 2021 December 14, 2021 / Anglo-American Financial Crisis, Bretton Woods, Capital Flows, Ecosystem, Globalisation, Green New Deal, International Financial System

At the invitation of the Evens Foundation in Antwerp, and on 29th November, 2021 I delivered a lecture at Brussels’s BOZAR centre…on the subject of globalisation, or more correctly the need for de-globalisation…Here are some links to the stories published afterwards… In the EU Observer, this article by Wester van Gaal on 2 December, 2021: …

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Britain, Korea and humanity’s life support systems.

July 19, 2021 December 14, 2021 / Bretton Woods, Capital Flows, Climate Change, Ecosystem, Fiscal Conservatives, Fiscal Deficit, Globalisation, Uncategorized

This was my contribution to a publication of the Korean Labor Institute, 19th July, 2021 Since 2014 the world has endured the seven hottest years in recorded history. The wildfires, heatwaves, droughts and intense flooding that currently afflict rich and poor countries alike, are, scientists explain, the consequence of this heating. Children, led by Greta …

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A new internationalism on the terms of labour

June 7, 2021 December 14, 2021 / Bretton Woods, Economic Orthodoxy, Ecosystem, Globalisation, International Financial System, Keynes, Uncategorized

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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Rebuild the Ramshackle Global Financial System

June 17, 2020 August 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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Capital subordinated to the interests of labour (society)

March 23, 2020 April 7, 2020 / Bretton Woods, Capital Flows, Economic Orthodoxy, Globalisation, International Financial Architecture, International Financial System, Sovereign debt, Uncategorized

We are living through terrifying times. The greatest threat to humanity stems not just from a virulent superbug, but as scary – the response to it. In Britain, as in the US, policy action is dictated by an ultra-nationalist government, which while pretending to “take back control” remains committed to a free-for-all for the owners …

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My letter to the Governor of the Bank of England on his appointment.

March 13, 2020 April 7, 2020 / Bank of England, Bretton Woods, International Financial System, Uncategorized

13th March, 2020 Dear Mr. Bailey, Your predecessor in a speech in 2019 outlined the deficiencies of the International Monetary and Financial System (IMFS). The IMFS was cobbled together after the collapse of Bretton Woods and the 1971 Nixon Shock, and is governed effectively by Wall St. and the City of London – ‘citizens of …

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What a financial tailspin may mean for you and me

August 22, 2011 August 22, 2011 / Anglo-American Financial Crisis, Bank of England, Banking Crisis, Bretton Woods, British Banking, Central Banks, Consumer Debt, Credit, Debt, Democracy, Financial Crisis, Foreclosure, Interest Rates, Keynes, Mortgages

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

June 21, 2011 June 21, 2011 / Bank Bail-outs, Banking Crisis, Bretton Woods, Capital Flows, Central Banks, Debt, Democracy, ECB, Greece, Inflation, Interest Rates, International Financial Architecture, International Financial System, Unemployment

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

June 2, 2011 June 2, 2011 / Bank Bail-outs, Banking Crisis, Bretton Woods, British Banking, Central Banks, Consumer Debt, Credit, Credit Crunch, Debt, Economic Orthodoxy, Finance Ministers, Financial Crisis, Interest Rates, Keynes, Money, Public Spending, UK Financial Crisis, Unemployment

(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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