Jim Pickard, political editor of the Financial Times, looks at how, behind divisions over Brexit and anti-semitism, there is a radical agenda led by shadow Chancellor, John McDonnell. Jim interviews a range of advisers, including yours truly. The video can be viewed here.
The following is a very long, but I hope worthwhile read…published by the Trans National Institute’s stunningly well produced Report State of Power, 2019: Finance – in January, 2019, and edited by Nick Buxton. Until we fully grasp the importance of public debt to the finance sector, immensely wealthy, globalised corporations will continue to parasitically
The Latent Unused Power of Citizens & The Production of Public Collateral Read More »
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
Of bollygarchs, gombeens & spivs: welcome to the world of financial corruption Read More »
The following is an interview with Yena Yoon – a financial journalist with Chosen Ilbo “the largest newspaper in South Korea” conducted on 12 February, 2018, but still relevant.
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
This is an extract from an article written for The Times Literary Supplement The international and financial dimensions of Keynes’ work are today neglected in favour of the laissez-faire economics that Keynes had so vigorously contested. His profession is dominated by economists concerned overwhelmingly with the activities of individuals,
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
The Great Honour that is the Heinrich Boll Stiftung’s Hannah Arendt Prize Read More »
PRIME (Policy Research in Macroeconomics) economists were asked by the FT “How fast do you think the UK economy will grow in 2018 and how will this compare to other countries?” (See here: https://www.ft.com/content/ceb165ee-ebb5-11e7-bd17-521324c81e23) We replied as follows: The end of 2017 witnessed, in our view, the top of the global asset bubble. Rupert Murdoch’s decision to
2018 Economic Forecast for the FT: Will the UK Economy Grow? Read More »
In this piece, written for International Politics and Society, I argue that the global investigation into the “Paradise Papers’ has created an opportune moment for wider debate about how the increasingly corrupt and out-of-control global financial system can be tamed. It is time, I argued, that tax-paying citizens recognised their power to create change, and to manage
The production of money is ultimately the struggle for control over resources, wealth, people and our environment. But there is a surprising level of ignorance around how banks create money out of thin air and the benefits which flow from it. So on this programme we shine a much-needed light on who should get the
