In a world of financialised globalisation, prices of food are not determined by the simplistic laws of supply and demand. Prices are determined by a wall of money wielded by relatively few, invisible speculators and […]
When people look back at 1970s inflation, they miss the real story. Read Here
“Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the […]
In the midst of a cost of living crisis, finance should work for everyday citizens, not the City of London and huge corporations Ann Pettifor is a director of Policy Research in Macroeconomics (PRIME) Cross-posted […]
21st century capitalism bears little resemblance to the capitalism that fired the Industrial Revolution, or indeed to the more recent Thatcher/Reagan model of capitalism. Key sectors of today’s new hyper-capitalism are profoundly risk averse. Read […]
Well that was a fun. This was supposed to be a discussion of my new book The New Economics: A Manifesto. It was that, but it also turned into a slanging match between myself […]
“There is no alternative”, “it’s the end of history” in the shadow of the 2008 crash, the environmental crisis and ongoing COVID19 pandemic, never has the hubris of these words been more striking. Nevertheless if […]
Fifty years ago, a US president closed the gold window, ended capital controls, and launched a new era of globalized finance. The “Nixon Shock” reshaped the international monetary system overnight, and then gradually changed the […]
Ann Pettifor – British economist, thinker, advisor and Director of Policy Research In Macroeconomics (PRIME), a network of economists researching Keynesian monetary theory and policies. Ann Pettifor advises government and non-governmental organisations alike. Her work […]
Last week the Biden team delivered their first press conference on the Democrat’s much-anticipated Climate Plan. Read here
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