Financial capitalism 10 years after Lehman Brothers – Lecture by Ann Pettifor

Venue and Time: 15 September 2018, Monarch, Skalitzerstr. 134, 10999 Berlin (U Bahn Kottbusser Tor) 7 pm

Financial capitalism 10 years after Lehman Brothers

The ascendancy of Global Finance and the collapse of European ‘progressive neoliberalism’: how should the Left react?

“The most common way people give up their power is by thinking they don’t have any.” (Alice Walker)

The finance sector – on Wall St., Frankfurt, and in the City of London – is powerful, often more powerful than democratic governments. Financiers act as Masters of the Universe, and use their power to dictate policies and conditions that have lowered wages, benefitted the 1%, and created high levels of economic insecurity. Societies across Europe – often in despair – are reacting strongly to these conditions, and looking to the Far Right to protect them and their families from high levels of debt, inequality and insecurity. Ann Pettifor will argue that societies should follow a different path. We should use our power as citizens to subordinate the finance sector to the interests of society as a whole – and restore social justice, stability and prosperity.

Ann Pettifor is the author of a radical book on “The Production of Money”. She was appointed an economic adviser to Jeremy Corbyn, leader of the British Labour Party. She was one of a few to predict the Great Financial Crisis in her 2006 book, The Coming First World Debt Crisis. 19th July she was selected for the “Hannah Arendt Prize for Political Thinking”.

Moderation: Mathew D. Rose (Brave New Europe)

Presented by Helle Panke e.V. in cooperation with Brave New Europe and Netzwerk für plurale Ökonomik.

Supported by Oxi.