Ann Pettifor: Debtonation

Economist Ann Pettifor explaining how banks raise money and the relationship a Labour Government could have with the Banking sector. https://twitter.com/AnnPettifor Also on the panel were Paul Mason, John McDonnell and Len McClusky. Filmed at The World Transformed, Brighton, September 2017 Shot and edited by John Rogers Title sequence Danny Kairos https://www.behance.net/dannykairos Subscribe to Drift Report http://bit.ly/1yZHIzh Title Music: Voyeur by Jingle Punks from the YouTube Audio...

SUBSCRIBE for more speakers ► https://is.gd/DurhamUnion the Durham Union on Facebook: https://www.facebook.com/thedurhamunion the Durham Union on Twitter: @DurhamUnion Website: http://www.dus.org.uk Ann Pettifor is a global financial analyst and the director of Policy Research into Macroeconomics (PRIME), a group of economists concerned with Keynesian monetary policy. After leading the Jubilee 2000 campaign to cancel $100 billion of debt owed by 35 countries, she correctly predicted the...

Our main political parties see a reputation for economic competence as key for achieving power. The Tory party is reportedly scared that a Brexit disaster will destroy its reputation, which is generally better than Labour’s. It took it a long time to recover its earlier demise after 1992 when the UK crashed out of the European Exchange Rate Mechanism. Ironically politicians have believed that accepting the economics of austerity is central to being seen to be competent by the wider public....

Article for Prospect Magazine   21 November, 2018. Ann Pettifor, Council Member, Progressive Economy Forum. According to Heisenberg’s uncertainty principle there are limits to the precision with which we can be certain about the properties of a particle. ….the position and the velocity of an object cannot both be measured exactly, at the same time, even in theory. The very concepts of exact position and exact velocity together, in fact, have no meaning in nature. As in physics so in...

12 November, 2018 This year is the 150th anniversary of the TUC, and the 70th anniversary of the Trade Union Advisory Committee to the OECD. As part of the celebration of these achievements, the TUC’s Economics and Social Affairs department organised an event “Lessons from the Great Financial Crisis” – on 12th November, 2018 – the day after Armistice day, and 100 years after the ending of the First World War.  Several speakers, including ex-Prime Minister Gordon Brown, were invited to...

The following article was written for the Progressive Economy Forum’s publication – Ten Years Since the Crash: Causes, Consequences and the Way Forward – circulated at Labour Party Conference in October, 2018. 13th September, 2018 To fix things we need to first tell ourselves the correct story about how we got here. Financialization is easily the least studied and least explored reason behind our inability to create shared prosperity – despite our being the richest and most successful...

After attending a performance of the Lehman Trilogy, I was honoured to join a panel at the National Theatre on 16th October, 2018 to discuss the play. Readers will know that the play was directed by Sam Mendes, and starred three great actors in all of the complex parts: Simon Russell Beale, Adam Godley and Ben Miles. It was, and is a tour de force, and has now moved to New York. At that invite-only side discussion of the play, an audience of 100 gathered in a private room at the NT.  They...

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. What is the most remarkable change in financial market after 2008 global crisis do you see? Why do you think so? The most striking outcome from the global financial crisis of 2007-9 was that there was no structural change to the international financial architecture/system – the system that was at the heart of the...

Although I am held in check for quite some time now by a cancer that wants by force to grow and live inside my body, I’m back again with this other video... enjoy: PEF Council member Ann Pettifor explains how all governments finance their spending (and its not from taxation). Key Economic Facts: - Governments Finance Themselves. Ann Pettifor – On Theresa May, Danny DeVito and “OTHER PEOPLE’S MONEY”, October 8th, 2018...

Readers of this blog may know that Patrick Allen, founder of the Progressive Economy Forum (PEF) invited me to become a member of its distinguished Council in July this year. Other members include Professors John Weeks, Joseph Stiglitz, Stephany Griffiths-Jones, Robert Skidelsky, Daniela Gabor, Danny Darling, Ha Joon Chang and Doctors Johnna Montgomery, Geoff Tily, Will Hutton and Guy Standing. I am now supporting the work of the Council, and periodically writing for the Forum.  The...