Ann Pettifor

Our Monetary System Is a Great, If Wildly Misunderstood, Public Good

Ann Pettifor | Posted 15.03.2014 | UK
Ann Pettifor

Today we face grave new threats to our security, the most urgent and costly of which is the need to transform our economies away from fossil fuels and excessive consumption. That is why its time to talk about, and talk up, monetary reform - to ensure that the public good that is our money system once again serves the interests of wider society, not just those of private wealth.

The IMF and the End of Austerity

Ann Pettifor | Posted 23.12.2012 | UK Politics
Ann Pettifor

IMF economists have finally acknowledged what politicians have long denied. They have shown that austerity policies implemented by politicians and demanded by financial markets are severely damaging to what economists define as 'growth'. Ultimately, argues the IMF, these policies are self-defeating. As most thinking people now recognise, rather than repairing the broken and bankrupt economies of the world, austerity is making matters worse.

What Economic Lessons Can the 1930s Teach Us?

Marcus Liddell | Posted 20.09.2012 | UK Politics
Marcus Liddell

The Great Depression of the 1930s is remembered as one of the worst economic periods in modern history. But statistics show that our current slump is in someways worse.

Is Austerity The Right Strategy?

Posted 19.07.2012 | UK Politics

David Cameron has told the Daily Telegraph that he "can’t see any time soon when... the pressure [for austerity] will be off". The cuts, suggested t...

Austerity is Not the Right Strategy

Ann Pettifor | Posted 18.09.2012 | UK Politics
Ann Pettifor

Austerity -- slashing public investment at a time when private investment is inhibited by a vast overhang of private debt and by a heavily indebted and broken banking system -- is indeed a disastrous economic strategy, for Britain, the Eurozone and the US.