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Brave New Europe
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The next lecture is 15 September (10th anniversary of the Lehmann Brothers crash) with Ann Pettifor at 7 pm in the Monarch Club in Berlin, Skalitzerstr. 134, 10999 Berlin (U Bahn Kottbusser Tor). The title of her talk is “The finance sector has become too powerful, and now acts as Master, not Servant to the real economy. How to once again turn bankers and financiers into Servants of the real economy?” This will be in English with a simultaneous translation in German.
We are pleased to report that Ann has just been announced the winner of the prestigious German Hannah Arendt Prize for Political Thought for 2018.
We are also pleased to announce that there will be at least a further six lectures in 2019. The first has been scheduled for 30 January when Steve Keen will be introducing Germans to Modern Monetary Theory. Branko Milanovic will present a lecture concerning inequality in the spring. We have also approached Mariana Mazzucato and hope to have a reply soon.
These lectures are presented by the Helle Panke Foundation, the student Heterodox Economics Groups of Berlin and Potsdam, as well as BRAVE NEW EUROPE.
The lectures are supported by OXI. Should you have any questions concerning the lectures, including press enquiries, please contact us at firstname.lastname@example.org.
For a few months now articles in BRAVE NEW EUROPE have been presented to German readers by the German website NetNewsExpress (NNE) online https://www.net-news-express.de/, allowing us to reach a public, which might not otherwise have discovered our website.
Net News Express is an interesting website that was established over 10 years ago. Its goal is to present a diversity of articles by important, yet often unknown bloggers and websites. They post up to 100 articles on their website daily, mostly in German, but in English as well. NetNewsExpress covers a very wide range of opinions. As they write: “Freedom of expression means that we allow for the most diverse points of view. We only intervene editorially if contributions are obviously poorly researched or the basic rules of decency and morality are violated.”
We would like to thank NetNewsExpress and should you read German, it is well worth looking in at https://www.net-news-express.de/.
The Finance Curse, the new book by our Nicholas Shaxson, will be published in early October. The finance curse is rather like the ‘resource curse’ that afflicts countries that are dominated by large mineral extraction industries. When a financial sector grows beyond its optimum size it leads to slower economic growth, steeper inequality, more frequent economic crises, a brain drain sucking talent out of other parts of the economy, greater corruption, and higher social conflict. Unlike with the resource curse, where the wealth is being extracted from the ground, the finance curse involves wealth being extracted from the pockets of the broader population, through financialisation. Many if not most neoliberal policies are publicly justified by the need to have and attract more financial activity, in the name of a spurious ‘national competitiveness'. But the finance curse carries an immensely positive message: by showing the need to shrink the financial sector, it opens space for tremendous democratic renewal.
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With summer greetings from BRAVE NEW EUROPE.