Alarm bells are distress signals. As this election campaign reaches its climax the Financial Times registers high levels of investor distress as its wealthy readers panic over the possibility that real change is coming. The change they fear is not automation and AI. No, it’s the possibility that “If Labour come to power on this
The City of London’s distress because real change may be coming… Read More »
These rough notes were prepared by me for an informal address to a gathering of British and German trade union leaders, hosted by the TUC and by the German Social Democrat think-tank, the Friederich Ebert Stiftung. The address took place just as Britain’s General Election of 2019 was launched. There have been three big issues
On the eve of the 2019 annual meetings of the World Bank and IMF, we are once again alerted to a rise in the debt burdens of low-income countries. Last year the total external debt of both low- and middle-income countries climbed 5.3 percent to $7.8 trillion, while net debt flows (gross disbursements minus
Quincy Jones, Bono, Willie Colón – and the burden of sovereign debt. Read More »
What is at the core of the Green New Deal? What is it trying to do? The Green New Deal as developed in Britain in 2008 is based on the understanding that finance, the economy and the ecosystem are all tightly bound together. Protecting and restoring the ecosystem to a balanced state cannot be
The following hastily written piece appeared in Left Foot Forward on 25th September, 2019. The Nobel Memorial Prize in Economics will be 50 years old next month. One thing unites all its winners, bar one: they have all been male. This is not just an affront to equality. In overlooking brilliant female economists, the Swedish
How the sexist ‘Nobel Prize’ in economics has warped the world Read More »
My review of John Maynard Keynes’s The Economic Consequences of the Peace Macmillan (2019) appeared in Nature – the International Journal of Science – on 23 September, 2019. “Ann Pettifor finds astonishing contemporary resonance in John Maynard Keynes’s critique of globalization and inequity.” In December 1919, John Maynard Keynes published a blistering attack on the
Balance of Power: The Economic Consequences of the Peace at 100 Read More »
The following article appeared in the New Statesman on 24th September, 2019. Please note the error at the end of the piece: Since the Paris Climate Agreement three years ago, J.P. Morgan Chase have reportedly lent $196 billion, not $1.96 billion to fossil fuel industries, oil, coal and gas. The figure is drawn from the
How the Green New Deal was born by Hettie O’Brien, New Statesman Read More »
