Ann Pettifor

Euroland

Radically transforming the EU economy – and how to finance it

September 4, 2020 The following article appeared on Progressive Post, the website of the Foundation of Progressive European Studies (FEPS) The Covid-19 pandemic has revealed a simple truth: today’s model of globalised, financialised capitalism, teetering on a shaky foundation of vast debts and costly credit, cannot deliver human well-being. In order to reverse the course, …

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We can get killed…..

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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“The economic mechanism of Europe is jammed”

“The economic mechanism of Europe is jammed.” – J M Keynes [1] The Dutch finance minister Wopka Hoekstra is somewhat brazen. Like his German counterpart, he caused consternation across the Union by rejecting a ‘Coronabond’ – a scheme for raising finance for EU countries tackling the coronavirus crisis; a scheme that would have lowered the …

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“The economic mechanism of Europe is jammed”

“The economic mechanism of Europe is jammed.” – J M Keynes [1] The Dutch finance minister Wopka Hoekstra is somewhat brazen. Like his German counterpart, he caused consternation across the Union by rejecting a ‘Coronabond’ – a scheme for raising finance for EU countries tackling the coronavirus crisis; a scheme that would have lowered the …

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Investing in the Future: Why Europe Needs a Green New Deal

This interview appeared in the  Green European Journal in January, 2020.In early 2019, New York Representative Alexandria Ocasio-Cortez released her plan for a Green New Deal, skyrocketing the proposal for rapidly and fairly decarbonising the economy into the public conversation. The Green New Deal draws on a long history across the Atlantic. We asked Ann …

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A Reckless Economic Experiment

  The following article appeared in the Church Times on 20 September, 2018 “The Government is unprepared for a hard Brexit, says Ann Pettifor. The financial impact could be devastating” The Brexit referendum provided conclusive evidence that economics is inherently political. There was nothing scientific about any of the campaign promises or economic forecasts. Instead, …

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The Irish Housing Crisis & the Crisis of Economics

This is the original text of an article that appeared, after edits, in the Irish Times on 22nd June, 2018. Economists regard the theory of ‘supply and demand’ as nothing less than a ‘law’ and “and as one of the fundamental principles governing ‘the economy’. Almost every economic event or phenomenon is considered the product …

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OXFAM, Corbyn and A Dead Cat

  Early in February, a leading Brexiteer MP (Jacob Rees-Mogg MP) delivered a Daily Express petition to No 10 calling for an end to “foreign aid madness” – an event that gathered virtually no publicity. Why should it have? Jacob Rees-Mogg knows very little, and cares less about international development. The story died. A new …

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A political and economic case for voting to Remain

Dear readers: for some time, I have been lax in updating this, my personal site, and beg your forbearance as recent material is added which may still be of interest and relevance. This article was first published on June 14, 2016 and is from the e-publication “Remain for Change: Building European solidarity for a democratic …

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An open letter to the leaders of Europe: Abandon the Euro’s ‘gold fetters’

(Image source: Bloomberg Businessweek) I am posting below my latest contribution to openDemocracy published on May 28.  In an open letter to the leaders of Europe, I argue that they need to abandon the fetters that chain them to the interests of private wealth, and threaten European disintegration: “On May 15th, in what can only …

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