Ann Pettifor

International Financial System

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

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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To stabilise the ecosystem, we must first transform the international financial system.

I have a chapter in a new book, Economic Policies for Sustainability and Resilience, edited by Professors Philip Arestis and Malcolm Sawyer and published by Palgrave Macmillan. (Details here: eBook ISBN 978-3-030-84288-8 Print ISBN 978-3-030-84287-1). As I argue in an abstract for my chapter: “the intent of financial globalisation, like the gold standard, is to …

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How Do We Create the Financial Conditions for a Green New Deal?

This is an interview with Rob Johnson of the George Soros-sponsored Institute for New Economic Thinking (INET): “Political economist, author, and public speaker Ann Pettifor talks about her latest book, The Case for a Green New Deal, which not only lays out the urgency for such a deal, but also proposes a roadmap for both …

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QE: How the World Got Hooked on Magicked-Up Money

Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself.The system, notionally governed by the invisible hand of the market, is no longer governed in any meaningful way: private excess puffs up bubbles that government indulgence ensures can never burst. We seem condemned to volatile commodity prices, wild capital flows, worsening imbalances in trade, taxation and income, and—before long—the next sovereign debt crisis.

A new internationalism on the terms of labour

  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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To restructure the British state, the international financial system must be transformed.

I contributed the following to a book – THE RETURN OF THE STATE –  published by the Progressive Economy Forum (PEF) and launched on 19 May, 2021.  The Covid-19 crisis has demonstrated one important truth. The international financial system is designed on terms that suit the owners of capital, not on terms that suit nation …

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For the Age of Economics podcast: The International Financial System

The objectives of this project, The Age of Economics, are to shed light on the most salient challenges facing human civilization, explore the role of economics and the inner workings of capitalism, and heighten people’s awareness of both the economic system in which they live and work, and the role of economics in understanding this ever-changing system.

Review: Trade Wars are Class Wars

The following review appeared in the Times Literary Supplement on 6th January, 2021. Trade Wars are Class Wars presents an eagle-eyed perspective on the global economy, underpinned by close analysis and a remarkable clarity of exposition. The book is a terrific survey of the forces behind today’s global trade tensions and imbalances – even if …

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For an economic and a green revolution: Chartist interview

Nigel Doggett and Mike Davis spoke to Ann Pettifor about why a Green New Deal is central to our recovery   How do you see the GND playing out against the Covid crisis? There are two roads to travel. One is the progressive one in which our leaders wake up to the scale of the …

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Put Fairness at the Heart of Finance

This article appeared in the UK-based Church Times on 26 June, 2020 The coronavirus pandemic is a moment of reckoning for globalisation and our international financial system. The pandemic has shown how unjust the international system is towards low income countries; given us the opportunity to imagine another economy; and served as a warning.  If …

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