Ann Pettifor


The G8 and Bankers: Lessons from the 20s and 80s

Open Democracy, 7th July, 2008. The precedent of the United States’s great depression and Japan’s post-bubble collapse should haunt today’s G8 summiteers, writes Ann Pettifor in Open Democracy. Japan hosts the G8 summit in the northern island of Hokkaido on 7-9 July 2008 at a time when its prolonged period of deflation and economic failure …

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Free fall – in a nutshell

My friend the formidable economist, Mark Weisbrot put it most succinctly. “Since the U.S. economy showed positive growth for the last quarter, some commentators in the business press are saying that we are not necessarily going to have a recession, or that if there is one it will be mild. This is a bit like …

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Globalisation: sleepwalking to disaster

By Ann Pettifor,  Open Democracy, 11th December, 2007 On 9 August 2007, globalisation’s rickety financial levees were broken by a storm-surge of debt, invisible to most punters, but scary enough to frighten bankers. This debt includes highly leveraged corporate debt traded on secondary markets, household mortgages, credit-card debts, car loans and other substantial outlays. But …

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