Ann Pettifor

Globalisation

Quincy Jones, Bono, Willie Colón – and the burden of sovereign debt.

  On the eve of the 2019 annual meetings of the World Bank and IMF, we are once again alerted to a rise in the debt burdens of low-income countries. Last year the total external debt of both low- and middle-income countries climbed 5.3 percent to $7.8 trillion, while net debt flows (gross disbursements minus …

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The Green New Bill – making it happen

The director of PRIME is a co-author of this new report by the Green New Deal group UK, published on the day a wave of schoolstrikes swept the world – demanding action to reverse the potentially catastrophic impacts of earth systems collapse . It accompanies the publication of the Decarbonisation and Economic Strategy Bill, a …

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Of bollygarchs, gombeens & spivs: welcome to the world of financial corruption

These reviews of books on financial corruption appeared in the Times Literary Supplement on 13 November, 2018. Ten years ago, just after the collapse of Lehman’s and as the Great Financial Crisis intensified, I complained in the Guardian about the globally coordinated 0.5% cut in interest rates by central bankers. It was too little too …

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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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The Treasury view and a sheep farmer in the Yorkshire Dales

This was first published as a column in the Independent, on Sunday, 26th August, 2018 On holiday in the in the safe Tory seat of Richmondshire in the Yorkshire Dales this week, we watched as a dedicated sheep farmer demonstrated the skills and athleticism of his working dogs. Five generations of Richard Fawcett’s family have …

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The Great Honour that is the Heinrich Boll Stiftung’s Hannah Arendt Prize

On 19th July, 2018, I was stunned and honoured to receive the following from Professor Antonia Grunenberg of the Heinrich Boll Foundation, Bremen, Germany.  Berlin, July 19, 2018 Dear Mrs. Pettifor, it is my great pleasure to inform you in behalf of the international jury of  the „Hannah Arendt Prize for Political Thinking“ that you …

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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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The Financialisation of the Housing Market

This is the original, long version of an article I wrote for the Guardian. The published version was edited down, and appeared on 28th January. This version was written on 11th December, 2017. “If some of us grow rich in our sleep, where do we think this wealth is coming from? It doesn’t materialise out …

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We Have the Power….

Together with Jeremy Smith of Policy Research in Macroeconomics (PRIME), I wrote this for the website UnHerd.com, edited by Tim Montgomerie. The site’s aim is “to appeal to people who instinctively refuse to follow the herd and also want to investigate ‘unheard’ ideas, individuals and communities.” The piece begins with this quote from Alice Walker: …

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