Ann Pettifor

Debt

No, the Recession is Not Over

Ann Pettifor – 11th June 2009 – For the Guardian Online. http://www.guardian.co.uk/commentisfree/2009/jun/12/recession-economic-crisis A banker, Alan Clarke of BNP Paribas, citing a NIESR report, confidently tells the Guardian that the recession is over. Should we take the word of any banker – especially one that claims to be an economist – seriously? Given that the economics […]

No, the Recession is Not Over Read More »

Iceland – a country of proud, indebted people

Ann Pettifor – 12th May 2009 Have just returned from a flying visit to Iceland, where I was mightily impressed by the warmth and strength of the Icelandic character. Also struck by the pride Icelanders have in the way the financial crisis deepened and strengthened their democracy – leading to the ousting of a corrupt

Iceland – a country of proud, indebted people Read More »

Restoring Faith in Finance

Debtonation Readers: This is the full version of my latest blog for Huffington Post:15th March, 2009 Once a-ponzi time, millions worshiped at the feet of the Wizards of Finance.  These Wizards preached an economic religion that promised security and an abundance of riches from the ‘Emerald City’ — Wall St. Investors following this religion were

Restoring Faith in Finance Read More »

The tears of the unemployed, of auto CEOs and bankers

6th December 2008 The tears of millions of Americans stripped of livelihoods and healthcare remain hidden from view, unlike the tearful special pleading of the unscrupulous leaders of the finance sector, and this week, of the auto industry CEO’s. The latest unemployment numbers to emerge from the Dept. of Labor imply immense pain and anguish;

The tears of the unemployed, of auto CEOs and bankers Read More »

A blind spot for Leviathan

4th December 2008 ‘Financial writers’ and establishment economists seem to live in a different world.  They often bring to mind bats, hanging upside down in the cavernous, soaring rafters of a barn, analysing the world from a great distance, and upside-down. Take one Diana Henriques – described as a ‘senior financial writer for the New

A blind spot for Leviathan Read More »

Al Jazeera: Panel discussion on the global financial crisis

Al Jazeera: 19th November 2008 On Wed. Riz Khan hosted a discussion on the financial crisis. I was surprised to disagree with economist and panelist James Galbraith over why it is that IOUs (or debt) issued by the Federal Reserve replaced gold as the world’s reserve asset. Watch the discussion on Al Jazeera’s site here.

Al Jazeera: Panel discussion on the global financial crisis Read More »

Predicting the crash: Did the media fail in its scrutiny?

7th November 2008 Paul Mason economics editor of the BBC’s Newsnight hosted an interesting event at the Frontline Club on Thursday 7th November. In attendance: Gillian Tett of the Financial Times, Michael Blastland, a freelance writer, Paul Lashmar, and yours truly. The theme was, and I paraphrase: “Why did the media fail to predict the

Predicting the crash: Did the media fail in its scrutiny? Read More »