Ann Pettifor: Radically transforming the EU economy – and how to finance it

The Covid-19 pandemic has revealed a simple truth: today’s model of globalised, financialised capitalism, teetering on a shaky foundation of vast debts and costly credit, cannot deliver human well-being. In order to reverse the course, a safe ecological load has to be fixed – a ‘Plimsoll line’, like the white line on vessels that shows the most they can carry before compromising their seaworthiness. And, to radically transform the EU economy, finance has to be mobilised. Here is a plan of how to do it.

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