Podcast appearances and mentions of Ann Pettifor

Today, we are learning from Melanie Rieback. Melanie is CEO/Co-founder of Radically Open Security (the world's first not-for-profit computer security company), and "Post Growth" startup incubator Nonprofit Ventures. She is also a former Assistant Professor of Computer Science at the Free University of Amsterdam. She was named "Most Innovative IT Leader of the Netherlands" by CIO Magazine (TIM Award) in 2017, and one of the "9 Most Innovative Women in the European Union" (EU Women Innovators Prize) in 2019. She is also one of the 400 most successful women in the Netherlands by Viva Magazine (Viva400) in 2010 and 2017, and one of the fifty most inspiring women in tech (Inspiring Fifty Netherlands) in 2016, 2017, and 2019. Let's get started... Note: The sound quality on my end, is not good in this episode. By mistake, I recorded this conversation with the other microphone in my office, far away from my lips. In this conversation with Melanie Rieback, I learned: 00:00 Intro 03:05 A short idea of what happened since our last conversation for this podcast. 04:15 Scaling in the incubator program rapidly. 05:45 Creating a playbook. 07:55 THe PGE roadshow 10:20 10th anniversary with Radically Open Security 10:35 In these 10 years we donated 1 million Euro in donations to the NLnet foundation. 12:15 Ten years is an awful lot of time to do anything. 16:30 Foundation ownership is enough by itself, look at OpenAI. 17:50 When Patagonia's business transformation caused a bit of backlash, shows that the movement is growing. 19:05 The gap between the 99% and the 1% is getting worse. 19:30 Even though the beyond growth movement is growing in size, we are not necessarily growing in power. 20:25 The political mandate we have is slowly slipping away with each election. 21:55 The progressive left needs to be extremely realistic that we can't do it by ourselves. 22:30 Maybe we need a more constructive story, and maybe we need to be building bridges with people, rather than canceling them. 23:05 The example of the steward ownership entity form (rentmeesterschap). 25:05 The progressives can look at topics where we align with the Christians, there is a lot of progress that can be made. 27:15 Ann Pettifor (progressive) worked successfully together with the evangelists on building the Jubilee 2000 concept. 29:55 Christians plus progressives are pretty much unstoppable. 30:45 Financial extraction is prohibited in all three global Semitic languages. 31:40 The terms post growth and regrowth have become politicized. It is better to use the term financial extraction. 33:50 Capital should flow and not accumulate. 34:15 We need to learn how to translate concepts from woke to Christian. 36:00 It starts with finding common ground with people who are different from us because they are not bad people. 37:20 How much are we clinging to symbolic virtue signaling? 39:15 The left has been so extreme in its approach, it wound up pushing people away. 39:40 We need to start rebuilding the center-left. We do this by being different from the extreme left. We should be progressive without being woke. 41:50 We need to start using tools like nonviolent communication, to reach out to the people who are different from us. 48:20 Pretty much everybody has been colonized by the economic system. 51:45 Some great examples of why it is important to have local people make the translation for their community 57:00 I realize that I need to let go. How do I get myself out of the middle of it? 59:40 I am terrified that financial non-extraction will be stamped woke. 1:01:50 If we can start to fix the economy, people will have fewer reasons to be angry. 1:02:20 Our future in moving forward depends upon translators and bridge builders. More about Melanie Rieback: https://decideforimpact.com/show280-sharing-post-growth-entrepreneurship-with-the-world-melanie-r...

Many households want to install renewable energy technology – but the market doesn''t serve them well, says serial innovator Barry James.But his "Green Streets Club" has already enabled homes on his own residential street in Sheffield to halve the cost of adoption of solar and battery.Barry explains how they've done it – and other households can too.He also covers his plans for a UK-wide network of Green Streets Hubs, social enterprises (community interest companies) that he says would support the transition to green energy, and revitalise high streets, support small businesses and empower tradespeople.Barry explains his financial model for Green Streets Club and covers his panel of advisors which includes the economist and author, Ann Pettifor, and Professor Andrew Crossland of the Durham Energy Institute.Plus a call for a small business to pilot a new iteration of Green Streets Club to support its employees.What next?Listen to the episode and let me know what you thinkVisit Barry's Green Streets Club website, https://greenstreets.clubContact me to nominate yourself or someone else as a potential guest for this show, telling me why there's a good fit (our audience: curious entrepreneurs and social entrepreneurs running businesses which make a positive impact for people, places or planet. Our priorities: inspiration and practical, actionable tips).This is episode 397 of the Business Live radio show, for curious entrepreneurs and social entrepreneurs. Thanks for listening to the programme and to Sheffield Live! for broadcasting us on DAB and FM radio. 

The 2017 Grenfell Tower fire in London was the result of ‘decades of failure' by central government, the public inquiry into the catastrophe has found. The Guardian's John Harris looks at the findings of the report with the social affairs leader writer Susanna Rustin. And, as Labour continues to warn ‘things will get worse before they get better', we are joined by the economists James Meadway and Ann Pettifor to discuss whether a painful period of austerity-lite is the only way through the storm. Help support our independent journalism at theguardian.com/politicspod

Alex Forsyth presents political discussion from the Chartered Accountants' Hall, London.

In the first in a series of episodes on the UK general election, James Butler is joined by Ann Pettifor and Adrienne Buller to discuss climate policy and its apparent absence from the campaign so far. Several years ago the Labour Party was committed to a Green New Deal but has since backed away from that promise, while the Conservatives have decided that abandoning their own climate commitments is a vote-winner. Ann, Adrienne and James consider why political leadership and courage have disappeared on this issue, what environmental policy might look like with a Labour government, and how Chinese bicycles demonstrate the problem of international climate action.Read James's latest blog post on the election: https://lrb.me/butlersunakpodAnd more on climate in the LRB:Will Davies on why capitalism won't save the planet: https://lrb.me/daviesclimatepodJames Butler on Andreas Malm and ecoterrorism: https://lrb.me/butlerclimatepod2 Hosted on Acast. See acast.com/privacy for more information.

Joining Iain Dale for this Budget Day special Cross Question panel are economist Ann Pettifor who co-authored the Green New Deal and used to advise John McDonnell, Shevaun Haviland from the British Chambers of Commerce, author and Oxford University economist Linda Yueh and financial entrepreneur and former Bank of England adviser Roger Gewolb.

On Budget Day, Labour's Shadow Chancellor Rachel Reeves takes your calls!Joining Iain Dale for this Budget Day special Cross Question panel are economist Ann Pettifor who co-authored the Green New Deal and used to advise John McDonnell, Shevaun Haviland from the British Chambers of Commerce, author and Oxford University economist Linda Yueh and financial entrepreneur and former Bank of England adviser Roger Gewolb.

Ann Pettifor is an economist who is perhaps most famous for predicting the Global Financial Crisis two years before it happened. But Ann is not just a savant, but a change maker. She was a core voice in the successful international campaign to cancel billions in debt accumulated by the Global South to mark the new millennium. And in 2008, she co-authored the report, A Green New Deal,  which laid out plans for better regulation of the financial system while pursuing green objectives. It's a programme that's been backed by Al Gore, Nobel Laureates in Economics, and dozens of politicians around the world. Of course, there have been critics, Donald Trump being the most high-profile. She joins host Will Hutton as they delve into how her early years in apartheid South Africa shaped her thinking, and what changes she'd like to see happening right now amidst the worsening climate crisis. Season 4 of the We Society Podcast from the Academy of Social Sciences tackles the big questions through a social science lens. Throughout this series, you'll be hearing some of the best ideas to shape the way we live. Hosted by journalist and Academy President Will Hutton, we interview some of Britain's top social scientists and public figures from across the globe to explore their evidence-led solutions to society's most pressing problems. Don't want to miss an episode? Follow the We Society on your favourite podcast platform and you can email us on wesociety@acss.org.uk and tell us who we should be speaking to or follow us on twitter  https://twitter.com/thewesocietypod Find out more about the Academy of Social Sciences here: https://AcSS.org.uk

The We Society returns on Wednesday (4 October) for Season 4. Expect to hear more conversations on ideas that shape the world we live from the world of Social Science.  Our host, Will Hutton, is speaking to: Vivienne Stern from Universities UK, Daniel Susskind on the future of work in the age of AI, Neil Adger on the ongoing climate crisis, Ann Pettifor on global debt and many other fantastic guests. So join us from Wednesday and don't forget to subscribe so you're the first to know when a new episode is released. 

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss how the international financial system traps Global South countries in debt, reinforcing a neocolonial system. Transcript: https://geopoliticaleconomy.com/2023/07/11/colonialism-sovereignty-financial-system-debt VIDEO: https://youtube.com/watch?v=x13cSy8S8To You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

https://youtu.be/x13cSy8S8To sound is consciousness... #2023 #art #music #movies #poetry #poem #photooftheday #volcano #news #money #food #weather #climate #monkeys #horse #puppy #fyp #love #instagood #onelove #eyes #getyoked #horsie #gotmilk #book #shecomin #getready 

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss the growing debt crisis in the Global South and the need for forgiveness and system change. VIDEO: https://youtube.com/watch?v=-uxyjIFqi4o&feature=youtu.be You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

MACRODOSE EXTRA takes you behind the scenes to go in-depth with some of the leading voices from the world of economics. Subscribe today at patreon.com/macrodose to hear the full version of this interview, as well as all our fascinating chat with Kojo Koram about the economic legacies of Empire, and our recent conversation with Richard Seymour about the making of political subjectivities in an era of climate breakdown. You'll also gain access to our upcoming interviews with housing reporter Vicky Spratt, and economist Ann Pettifor. Our guest today is Isabella Weber. Isabella is an economist working on inflation, China, global trade and the history of economic thought. She is an Assistant Professor of Economics at the University of Massachusetts Amherst, a Berggruen Fellow, and an Associate in Research at the Fairbank Center, Harvard University. In this interview we discussed her most recent research into the causes of inflation. Greedflation? Excuse-flation? Sellers' inflation? What does it all mean, and are the mainstream starting to change their tune? 

Alex Forsyth presents political debate and discussion from Wallingford Corn Exchange.

Seán Ó Conláin and Caroline Whyte exchange some initial thoughts on the European Parliament's recent conference, ‘Beyond Growth: Pathways Towards Sustainable Prosperity in the EU,” which they both attended from May 15-17. They considered it a seminal event and felt it was far too rich an experience to sum up in a half-hour podcast, and so they plan to discuss it further in future podcasts. In this podcast they shared their overall impressions, placing the conference in the context of highly unbalanced world trade system that strongly favours the Global North, and of a potential and very worrying swing to the right in next year's European elections. They also exchanged views on talks from the conference on economic models, the fiscal framework and the financial system, which were given in Plenaries 5 and 6 by Gael Giraud, Phillipa Sigl-Glöckner and Ann Pettifor.

Ann Pettifor demystifies the complex concept of money creation in modern economies, which is no longer backed by gold reserves held by central banks. Pettifor uses accessible imagery and language to explain how money, history's most misunderstood invention, was created and sets out her diagnosis of the problems plaguing the world's monetary system. She also offers a prescription for how these issues can be fixed. Pettifor discusses how commercial bankers can create credit without limit and with minimal regulatory constraints, and she proposes introducing controls on international capital flows to address these issues. She also critiques fiscal austerity and argues that democracies must reclaim control over money production and manage the finance sector in the interests of society and the ecosystem. Ann Pettifor is an economist, writer, and activist. She is the Director of Policy Research in Macroeconomics (PRIME), a think-tank that focuses on developing alternative economic policies. Ann is the author of The Case for the Green New Deal and The Production of Money.Thoughts and suggestions? Email us at SystemShift@greenpeace.orgThis episode of SystemShift comes from Greenpeace Nordic and is hosted by Greenpeace campaigner and former Swedish politician and Green MEP, Carl Schlyter, and produced by Alexia Fridén, with additional support from Ariadna Rodrigo, Juliana Costa, Christian Aslund and Attila Kulcsár at Greenpeace. Hosted on Acast. See acast.com/privacy for more information.

Former treasury chief Nick Macpherson and eminent Keynesian economist Ann Pettifor debate whether the coalition's cuts were necessary—and whether they worked. Hosted on Acast. See acast.com/privacy for more information.

For TPS109 INFLATION ISN'T WHAT YOU THINK, also with Ann Pettifor, subscribe to Patreon.com/ThePopularPod and https://www.youtube.com/popularitymedia. After the 2008 crash, a cadre of economists and thinkers gathered to formulate a policy response on the scale of FDR's New Deal, that would undo the strangelhold of financial markets, democratise economies, and rise to the challenge of climate change. The name of that response was the Green New Deal. Today the entire spectrum of electoral politcs claims to speak for the idea, but what are the dangers of this widespread appropriation? TPS110 is also available as video @ Sublation Media: https://youtu.be/po96aU-MHco Check out Ann's substack: https://annpettifor.substack.com and her recent books: https://www.versobooks.com/authors/2161-ann-pettifor

In her latest book Disorder: Hard Times in the 21st Century (Oxford) Helen Thompson argues that while the earthquake that was the Covid-19 pandemic profoundly shocked the world order, the fault lines along which it operated had been building for decades. Her story begins with the energy crises of the 1970s, takes in the financial crash of 2008 before leading us to our current state of unease, disorder and instability. Thompson is in conversation with Ann Pettifor, economist and author of The Production of Money and The Case for the Green New Deal.Find our upcoming events, online and in-person, here: lrb.me/upcomingevents See acast.com/privacy for privacy and opt-out information.

The production of money is ultimately the struggle for control over resources, wealth, people and our environment. But there is a surprising level of ignorance around how banks create money out of thin air and the benefits which flow from it. Host Ross Ashcroft is joined by the economist and author of the recent book The Production of Money, Ann Pettifor and founder of banking platform Seascader, Steven Round, to examine how money actually works. - Broadcast April 2017 - Read & Watch: https://renegadeinc.com/money-for-nothing/

Wide-ranging interview with the economist Ann Pettifor on the impact of an unstable financial system on the prospects of dealing with the climate crisis, the role and impact of private finance-- which she believes is ultimately designed to serve the interests of the 1%. Ann argues, however, that the real power of private finance is overstated, pointing to the various ways in which financial institutions consistently rely on public institutions to bail them out: how we are not actually living in time of free market capitalism. Rather than focus exclusively on the cost of decarbonization, Ann suggests that we think about a different kind of economy: living more simply, living with less carbon, living in an economy which is not based on fossil fuels. Ann Pettifor is a British economist who advises governments and organisations. Her work focuses on the global financial system, sovereign debt restructuring, international finance and sustainable development. She was one of the leaders of the Jubilee 2000 debt cancellation campaign and is a member of the Green New Deal Group of economists, environmentalists and entrepreneurs actively working to shift the world away from fossil fuels. Her latest book is The Case for the Green New Deal. 

"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 we are in fact at the end of an era, what comes next? Join us in uncovering the exciting possibilities that the future can hold with Noam Chomsky, Ann Pettifor and Yanis Varoufakis.

Welcome to Prime Ministerial. In each episode Jonn Elledge and Stephen Bush will look at the legacy of the previous six prime ministers and ask whether they achieved success on their own terms. This episode focuses on Gordon Brown. When the former chancellor of the exchequer took office, he emphasised his breach with his predecessor Tony Blair. Despite a promising start, his popularity ratings crumbled when the country was plunged into financial crisis. Brown left office three years into the job. Stephen and Jonn speak to the political economist Ann Pettifor and Stewart Wood, a former adviser to Gordon Brown. Produced by Adrian Bradley and May Robson, with thanks to Caroline Crampton and Nick Hilton. See acast.com/privacy for privacy and opt-out information.

Ann Pettifor joins us to discuss all this and more. Ultimately, she believes that governments around the world have given over a vast sum of political decisions and roles to the free market which has now given rise to global populist anger. We're facing a massive question of who should control our economic systems and should we be able to vote them into or out of power. Only the future knows, but until then Ann helps guide us into an understanding of the forces behind these great shifts.Lyn Alden on the Petro-Dollar: https://youtu.be/sTKObw_-OBY Keith Dicker explains why the US Dollar is King: https://youtu.be/gLmoJYqZuks Jim Rogers on the Rise of China: https://youtu.be/SfLaJtXfx3w Paul Kingsnorth critiques Neo-liberalism: https://youtu.be/HJViqeBovvQ First Interview with Simon Mikhailovich: https://youtu.be/Na9SA84JJ1E Jeff Booth on Tech Deflation: https://youtu.be/qlF_AG-0QC8

On this episode, we speak to UN Special Rapporteur on Torture Nils Melzer on the trial of WikiLeaks founder Julian Assange. He discusses his assessment that Assange has been psychologically tortured by UK authorities, why it has become harder for the UK courts to refuse the US extradition request, the parallels between the video of the murder of George Floyd and Assange's revelations, and what his persecution means for the average citizen's rights. Finally, we speak to Ann Pettifor, economist and director of policy research in macroeconomics. She discusses the new budget for the UK government set out by Boris Johnson's Chancellor Rishi Sunak, the ignoring of the climate crisis in the budget, how the budget represents the Conservatives attempting to backtrack on a decade of austerity, the City of London financial sector's destabilisation of the economy, and much more!

Political economist, author, and public speaker Ann Pettifor talks about her latest book, The Case for a Green New Deal, which not only lays out the urgency for such a deal, but also proposes a roadmap for both national and global financial reform to make it possible.

It's The Economy is an Intelligence Squared Business mini-series which breaks down the complex economic ideas we have all heard of but don't fully understand in under 15 minutes. In this episode host Nicola Walton speaks to Ann Pettifor, an economist perhaps best known for predicting the financial crisis of 2008. She is author of The Case for The Green New Deal, a fellow of the New Economics Foundation and a director of PRIME economics - a network of Keynesian macroeconomists. They discuss the green economy, green growth, impact investing and what industries can do to be more environmentally sustainable. It's The Economy is brought to you by Intelligence Squared and hosted by Nicola Walton, a financial journalist and author of ‘How To Report Economic News'. Executive Producer: Farah Jassat; Producer: Lovejit Dhaliwal; Technical Support: Mark Roberts and Catharine Hughes.  For updates on the show follow Intelligence Squared on Twitter (intelligence2) and Instagram (intelligencesquared). Let us know what you think by rating and reviewing Intelligence Squared Business on Apple Podcasts.   See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's The Economy breaks down the complex economic ideas we have all heard of but don't fully understand in under 15 minutes. In this episode host Nicola Walton speaks to Ann Pettifor, an economist perhaps best known for predicting the financial crisis of 2008. She is author of The Case for The Green New Deal, a fellow of the New Economics Foundation and a director of PRIME economics - a network of Keynesian macroeconomists. They discuss the green economy, green growth, impact investing and what industries can do to be more environmentally sustainable. It's The Economy is brought to you by Intelligence Squared and hosted by Nicola Walton, a financial journalist and author of ‘How To Report Economic News'. Executive Producer: Farah Jassat; Producer: Lovejit Dhaliwal; Technical Support: Mark Roberts and Catharine Hughes.  For updates on the show follow Intelligence Squared on Twitter (intelligence2) and Instagram (intelligencesquared). Let us know what you think by rating and reviewing It's The Economy on Apple Podcasts.   See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

With the COP26 global climate conference coming up later this year, we're going to spend five episodes this series looking at some of the biggest climate issues. We kicked things off last week with Alice Bell explaining everything you need to know about greenwashing. This week the conversation is about the climate movement with activists from two generations. The modern environmental movement has been around for over 50 years. And over the last couple, it's been reinvigorated by a new generation of young student climate strikers. After a deadly heatwave swept the western US and Canada, and temperatures in Jacobabad, Pakistan soared to a life-threatening 52 degrees last week, how can activists communicate the connection between these events and the climate crisis? Is the new wave of activists more willing to talk about colonialism and capitalism? And what challenges is the climate movement facing today? This week, we're hosting a conversation between climate activists from two different generations. One is Ann Pettifor, director of PRIME and the author of The Case for the Green New Deal, and the other is Izzy Warren, teenage climate activist and member of the UK Student Climate Network. - Find out more about the Green New Deal Group https://greennewdealgroup.org/ - Read The Case for a Green New Deal by Ann Pettifor https://www.versobooks.com/books/3102-the-case-for-the-green-new-deal - Visit the Rainforest Action Network's website https://www.ran.org/ - More on the Jubilee 2000 campaign here https://www.advocacyinternational.co.uk/featured-project/jubilee-2000 - Read Izzy Warren's blog on the Science museum occupation https://www.climatechangenews.com/2021/06/21/greenwashing-shell-science-museum-failing-young-people/ - More from Ann Pettifor on the Prime Economics website https://www.primeeconomics.org/ - Follow the UK Student Climate Network (@UKSCN1) and the UK Student Climate Network London (@ukscn_london) on Twitter ----- Music by Blue Dot Sessions and Podington Bear, used under Creative Commons licence. Researched by Margaret Welsh. Produced by Becky Malone. Enjoying the show? Tweet us your comments and questions @NEF! The Weekly Economics Podcast is brought to you by the New Economics Foundation. Find out more at www.neweconomics.org

This week, Thea Lenarduzzi and Lucy Dallas are joined by Ann Pettifor, the economist and author of ‘The Case for the Green New Deal’, to discuss some inconvenient but incontrovertible truths left out of Bill Gates’s vision of the fight against climate change; Anna Aslanyan on a freewheeling account of the unpredictable life of the twentieth-century German writer Hasso Grabner; plus, re-reading Philip Larkin.How to Avoid a Climate Disaster by Bill GatesJourney through a Tragicomic Century: The Absurd Life of Hasso Grabner, by Francis Nenik, translated by Katy DerbyshireSubscribe to The TLS at https://www.the-tls.co.uk/buy/ See acast.com/privacy for privacy and opt-out information.

Over the last century, the velocity of money—the rate at which money changes hands through the economy—has declined. Today, money moves at one of the slowest rates on record, meaning every dollar today generates 70% less economic activity than a dollar did just ten years ago. That has big implications for our economy. Political economist Ann Pettifor joins Nick and Goldy to explain how the velocity of money is related to money creation, and why taxing the rich is ultimately pro-growth (it’s all related, we promise!).  Ann Pettifor is a political economist, author, and public speaker, and the Director of PRIME (Policy Research in Macroeconomics). Her work focuses on the global financial system, sovereign debt restructuring, international finance, and sustainable development. She is the author of many books, including The Production of Money and The Case for the Green New Deal.  Twitter: @AnnPettifor Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Further reading:  Want to expand the economy? Tax the rich!  https://prospect.org/power/want-expand-economy-tax-rich/  A world awash in money: https://media.bain.com/Images/BAIN_REPORT_A_world_awash_in_money.pdf What does money velocity tell us about low inflation in the U.S.? https://www.stlouisfed.org/on-the-economy/2014/september/what-does-money-velocity-tell-us-about-low-inflation-in-the-us  Vultures are circling our fragile economy… https://www.annpettifor.com/2020/06/vultures-are-circling-our-fragile-economy/  Decades of empirical research finds no inverse correlation between top tax rates and growth:  https://archive.org/stream/R42111TaxRatesandEconomicGrowth-crs/R42111%20Tax%20Rates%20and%20Economic%20Growth_djvu.txt https://www.brookings.edu/wp-content/uploads/2016/06/09_Effects_Income_Tax_Changes_Economic_Growth_Gale_Samwick.pdf http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf  https://www.washingtonpost.com/posteverything/wp/2016/04/20/a-graphical-assault-on-supply-side-tax-cuts/  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

From minting coins to digital currencies, Anne McElvoy is joined by Harvard economist Kenneth Rogoff, British Museum coin curator Tom Hockenhull, historian of science Patricia Fara and political economist Ann Pettifor to explore the physical and virtual life of money as we approach the fiftieth anniversary of Decimal Day in the UK. The discussion ranges from the symbolism of images we find stamped on individual coins to the cashless society, and whether or not there is a magic money tree. February 15th 1971 was the date when the old British system of pounds, shilling and pence changed, following earlier unsuccessful attempts and the founding of a Decimal Association in 1841. But what is our relationship with money at the moment in a world of bitcoin, and paying by credit cards not loose change ? Patricia Fara's books include Life after Gravity: Isaac Newton's London Career; Pandora's Breeches - Women, Science and Power; Science: A Four Thousand Year History Tom Hockenhull is Curator of Modern Money in the Coins and Medals department at the British Museum which was built upon the various collections of Hans Sloane - amongst them were 20,000 coins. His books include Making Change: The decimalisation of Britain's currency and Symbols of Power : Ten Coins That Changed the World. Kenneth Rogoff is a Professor of Public Policy and Professor of Economics at Harvard University. From 2001-2003, he was Chief Economist and Director of Research at the International Monetary Fund. His books include The Curse of Cash; This Time Is Different: Eight Centuries of Financial Folly co-authored with Carmen Reinhart Ann Pettifor is the author of books including The Green New Deal, and The Production of Money. https://www.annpettifor.com/ Producer: Eliane Glaser. You might be interested in the episode of Radio 3's Words and Music broadcasting on Sunday February 21st at 5.30pm which features a series of readings and music exploring the idea of money. In the Free Thinking archives: "new money" and the wealth gap depicted in Edith Wharton's 1920 novel The Age of Innocence https://www.bbc.co.uk/programmes/m000c4ln Does Growth Matter? Anne McElvoy talks with demographer Danny Dorling and economists Richard Davies and Petr Barton https://www.bbc.co.uk/programmes/m000gbtl Economics: Anne McElvoy talks to Juliet Michaelson, Liam Byrne, John Redwood and Luke Johnson https://www.bbc.co.uk/programmes/p03qbv3q Linda Yueh gives the Free Thinking Festival Lecture on Globalisation and restoring faith in the free market https://www.bbc.co.uk/programmes/p062m7mj

Money: Means of exchange? Unit of account? Store of value? In the 21st century, there’s way, way more to the story. Some of it might shock you; much might dismay you. But steady staters (and sound citizens) need to grasp the basics of modern money and the monetary system. Get a great start with Brian’s guest, Ann Pettifor, the steady staters monetary economist!

Ann Pettifor is best known for her prediction of the Great Financial Crisis in The Coming First World Debt Crisis (Palgrave 2006).  In 2008 she co-authored The Green New Deal published by New Economics Foundation. In 2017 Verso published The Production of Money on the nature of money, debt and the finance sector. She is the author of The Case for The Green New Deal (Verso, 2019).In her paper for the Social Justice Ireland Annual Social Policy Conference, Ann speaks of the urgent need for ambitious, cohesive and transformative economic policies and for Europe’s need to face challenges collectively, and in solidarity. But Europe must do more. The upcoming challenges are daunting: not just the ecological and economic failure brought on by the coronavirus pandemic and the risk of a debt-deflationary downward economic spiral,  but also the economic divergences that have led to the rise of anti-Europe sentiment, nationalism and populism; and the grave, even terrifying ecological risks that transcend borders.  

The green new deal is painted as an unaffordable far left pipe dream. It has been politically maligned to preserve the status quo at a time when we know that establishment economists have got all climate breakdown projections completely wrong... So surely the question we should be asking is simple: how much is it going to cost us not to do this? Host Ross Ashcroft is joined by author and economist Ann Pettifor to discuss.

The Green New Deal is painted as an unaffordable far-left pipe dream. It has been politically maligned to preserve the status quo at a time when we know that establishment economists have got all climate breakdown projections completely wrong... So surely the question we should be asking is simple: how much is it going to cost us not to do this? Host Ross Ashcroft is joined by author and economist Ann Pettifor to discuss.

Welcome to a new XR Podcast series: The Best of Rebel Radio. Here we take some of the wonderful content coming out of Rebel Radio and edit it into a podcast so you can listen again whenever you like. For our first Best of Rebel Radio Podcast, hosts Sue Wheat and Seb O'Connell speak to Ann Pettifor about the global financial system and how international and historical decision making have prioritised the rich and corporations over people and planet. As a result, climate change and ecological breakdown are intrinsically connected to our economic and financial systems. These systems need to be changed if we stand any chance of preventing climate and ecological catastrophe. Sue and Seb also speak to Hilary Powell and Dan Edelstyn about the social injustice of our monetary system and how they are trying to raise awareness and create change through their community project The Bank Job, which Ann Pettifor herself has visited. Ann Pettifor is a political economist and author whose latest book The Case for the Green New Deal, is a plan to re-imagine the economy to protect life on earth. She is currently a director of Policy Research in Macroeconomics (PRIME). Ann is also well-known for predicting the global financial crisis of 07-08 and spearheading the historic Jubilee 2000 campaign. Artist Hilary Powell and filmmaker/musician Dan Edelstyn are creators of the Optimistic Foundation. Their latest film, 'The Bank Job', is a community driven feature, participatory bank and playful act of economic education and change. Through radical imagination, they seek to open up possibilities for more just ways of organising and living when everyday life and democracy are corroded. Correction: at the end of the podcast, we refer to next episode's guest as Helena Norberg. Her name is Helena Norberg-Hodge, and we apologise for the error. Presenter – Sue Wheat and Seb O’Connell Producers – Marijn van de Geer and Michaela Herrmann Social Media Producer – Kary Stewart Sound Engineer & Mixing – Michaela Herrmann

In Capitalism: A Conversation in Critical Theory (Polity) Nancy Fraser and Rahel Jaeggi engage in a critical dialogue that seeks to expand our understanding of capitalism, revealing it to be not merely a system of economic relations, but rather a form of institutionalised social order, and one that continually reinvents itself through crisis. Nancy Fraser, Professor of Political & Social Science at the New School for Social Research, was in conversation about capitalism and its discontents with Ann Pettifor, Director of Prime (Policy Research in Macroeconomics), Fellow of the New Economics Foundation and author of The Production of Money (Verso). See acast.com/privacy for privacy and opt-out information.

Die Politik muss – und kann – sich die Macht über die Finanzindustrie zurückholen, meint die Finanzmarktexpertin Ann Pettifor. Nur so lasse sich die Ökonomie in nachhaltige und ökologische Bahnen lenken. Von Susanne Billig www.deutschlandfunkkultur.de, Lesart Hören bis: 19.01.2038 04:14 Direkter Link zur Audiodatei

Die Politik muss – und kann – sich die Macht über die Finanzindustrie zurückholen, meint die Finanzmarktexpertin Ann Pettifor. Nur so lasse sich die Ökonomie in nachhaltige und ökologische Bahnen lenken. Von Susanne Billig www.deutschlandfunkkultur.de, Lesart Hören bis: 19.01.2038 04:14 Direkter Link zur Audiodatei

Wie muss sich die Wirtschaft wandeln, um den #Klimawandel positiv gestalten zu können? Derzeit kursieren diverse Green-New-Deal-Konzepte in aller Welt, die darauf eine Antwort suchen. Während manche Wirtschaftswissenschaftler und Politiker vor allem auf grüne Investitionen setzen oder die Finanzmärkte zu neuen Investments bewegen wollen, hinterfragen manche Deals den globalen Kapitalismus grundsätzlich. Die britische Ökonomin Ann Pettifor setzt in ihrem Buch „Green New Deal. Warum wir können, was wir tun müssen“ auf eine Abkehr vom Freihandel, der nicht allen wegen seiner endlos langen Lieferketten ein Problem für den #Klimaschutz darstellt. Durch den Freihandel können viele Unternehmen auch Umweltrichtlinien einzelner Länder einfach umgehen, indem der Produktionsstandort verlagert wird. Zudem ist der globale Handel in erster Linie an zwei Dingen interessiert: Mehr Konsum und – daraus resultierend – mehr Profit. Doch was, wenn eine klimafreundliche Zukunft im Lokalen liegt und wir uns von den falschen Versprechen der #Globalisierung befreien müssen? In „Wohlstand für Alle“ sprechen Ole Nymoen und Wolfgang M. Schmitt über eine klimafreundliche Wirtschaftspolitik und das mögliche Ende des Freihandels. Literatur: Ann Pettifor: Green New Deal. Warum wir können, was wir tun müssen. Hamburger Edition. Ihr könnt uns unterstützen - herzlichen Dank! Paypal: https://www.paypal.me/oleundwolfgang Wolfgang M. Schmitt, Ole Nymoen Betreff: Wohlstand fuer Alle IBAN: DE67 5745 0120 0130 7996 12 BIC: MALADE51NWD Twitter: Ole: twitter.com/nymoen_ole Wolfgang: twitter.com/SchmittJunior

In een poging om de mondiale economie draaiende te houden trekken overheden de portemonnee. Noodfondsen, steunpakketten, regelingen, alles wordt uit de kast getrokken om een recessie af te wenden. En daarmee stijgen de schulden, zowel privaat als publiek, enorm. Maar wat doen we met deze schulden in een wereld na corona? Moet alles netjes worden afgelost, of wordt dat een molensteen waar landen en individuen onder gebukt gaan?Deze week in de Groene podcast spreekt Kees van den Bosch met Groene-redacteuren Jaap Tielbeke en Diederik Baazil over schuldkwijtschelding, een onderwerp dat opnieuw bovenaan de agenda staat.Productie: Kees van den Bosch & Daan Stoop

Es ist schwer vorstellbar, aber als wir Anfang März Ann Pettifor zu ihrem neuen Buch »Green New Deal« interviewten, war der Klimawandel noch das beherrschende Thema in Politik und Öffentlichkeit. Jedoch kamen wir immer wieder auf die sich abzeichnende Covid-19-Pandemie und ihre Folgen zu sprechen. Für Ann Pettifor offenbart auch diese Situation – wie der Klimawandel – die bemerkenswerte Ohnmacht der Märkte in Krisenzeiten und die Notwendigkeit gemeinschaftlichen Handelns. Sie sieht in beiden Krisen allerdings auch eine Chance: Nämlich, dass wir als Gesellschaft die Bedeutung von Solidarität, Informiertheit und internationaler Zusammenarbeit wiederentdecken.

It's quite simply the biggest peacetime crisis capitalism has ever faced. The entire global system has ground to a halt. In this moment of great danger and turmoil, hosts Zoe Williams and Luke Cooper are joined by economist Ann Pettifor, author of The Case for the Green New Deal, and Nick Dearden, regular on the show and director of Global Justice Now. They outline how behind the scenes central banks are undertaking a huge bailout of the financial system to keep it afloat. Will this repeat the mistakes of the 2008 crisis - of socialising the losses but privatising the profits? Or can we radically reform our economy for the challenges of this century? Find out on today's podcast.  Editor: Ben Higgins Milner  Producer: Luke Cooper 

What will the long-term economic impact of the coronavirus pandemic be? For the fourth in a new series of interactive events from Intelligence Squared - Coronavirus: Your Questions Answered - we brought together a panel of leading experts in a free live online event to examine how Covid-19 will affect the economy around the world. How deep and long-lasting is the upcoming recession likely to be? Will the pandemic exacerbate inequality? Will we ever go back to business as usual or is the crisis an opportunity to introduce new systems and ways of thinking about the distribution of wealth? Addressing these questions were global trade expert Shanker Singham, political economist Ann Pettifor and economics professor and co-host of the podcast Capitalisn't Luigi Zingales. Chairing the proceedings and taking questions from our live audience was BBC presenter Ritula Shah. See acast.com/privacy for privacy and opt-out information.

Dan Edelstyn and Ann Pettifor discuss the economic impacts of the coronavirus on the day the new unemployment numbers came out in the US. Ann's feeling is that capitalism cannot cope with a crisis like this and it will lead to a very deep recession if  not a depression. Below are some excerpts from the conversation. Ann Pettifor:What's happening is, I don't know if there's a word for it, because it's more than momentous, really, it is extraordinary. I have to say that I've always prided myself on my predictive qualities, but I did not predict a pandemic, and I hadn't really thought about pandemics enough. There's a wonderful professor at Oxford, Professor Ian Goldin, who did. He wrote a book six years ago saying this was a big threat to globalization. To be fair to him, Bill Gates also, in 2015 did a Ted Talk in which he warned about pandemics. I missed that. But nevertheless, the principle I was arguing was that it would take a shuddering shock to get politicians to sit up and think about, and change. And that's what we've had. We've had a shuddering, an extraordinary shock. Actually we're about to have what I think would be a catastrophic great depression.Ann Pettifor:Today, the US unemployment numbers came out. They have made 3 million people unemployed in a week. This is unprecedented in history. If you look at the unemployment claims, the graph, the chart, it goes like this, dah, dah, dah, dah, then occasionally bumps up in 2007. Today it went like that. That is huge, and that's just the United States.The thing that that is good about what's happening is that airlines are being grounded, companies who are not sustainable are being closed down, and we know, for example, that China's emissions were cut by a quarter. Over the last quarter, Chinese emissions were cut by 20%. So, we can see emissions coming down as a result of the collapse in economic activity. That's the good news. The closure of airlines is also going to contribute to that good news. The bad news is the cost of the destruction of the economy.Ann Pettifor:The other bit of good news is the suspension of capitalism. Capitalism can't cope with a crisis. Capitalism can't cope with a pandemic. That's how pathetic capitalism is. Instead, so what do we find? The state moves in, and the state bails us all out, and by the state, and I want to stress this so emphatically, that's me and you. So, when we think about the state, we think about bureaucrats and big government departments, and politicians, and we feel it's not part of us. That is not at all the case. Without 30 million British taxpayers regularly paying their taxes, PAYE at the end of the month, or once a year if they were freelancers, and so on, there would be no state, there would be no Bank of England, there would be no quantitative easing, there would be no bailouts. The fact is that the Bank of England is backed by this collateral, because we have a sound tax collection system, and the joy of it is that we had one 30 years ago, and a hundred years ago, and we will have one in 30 years time, and in 100 years time, because we have the public institutions that underpin it.Ann Pettifor:That's why the state has been able to intervene. I really want to stress that, because we don't understand our role in all this. But you need to understand that the British state is backed by 30 million taxpayers. It has immense powers to create the credit in exchange for collateral that the Bank of England can create, and it's called quantitative easing, but you can just call it Central Bank money if you like. The Federal Reserve has got backing the Federal Reserve, 60 million American taxpayers, because it's twice the size or more. I don't know if it's 60 million, I think it's even more than that. So, the dollar and the Federal Reserve is more powerful. So, they've been able to act. What we've seen is that we've seen capitalism collapse, in a nervous jitter, and the state, and the taxpayer, and society, come to the rescue of capitalism.Ann Pettifor:The crucial thing for me now is that we set terms and conditions for these bailouts for these bastards who've paid themselves bonuses, who've bought back the shares on their companies. I was reading about McDonald's today, whose stock market prices went up like that. Why? Because they were buying their own stocks, and who was buying? The managers were buying them, and who was making the money out of it? The managers were making the money out of it. Now the stocks are going like that. Who's going to pay? The workers will all be sacked, or whatever. So, I want us to understand really importantly, our role in all of this, and how vital we tax payers are, and how much leverage we have.Ann Pettifor:Anyway. So, that's what's happening. And the question is whether it's happening at a fast enough pace, whether or not our politicians have got a grip on what's going on. Yesterday, the Bank of England, to my astonishment, said they thought the GDP was going to fall by 4.3%. 4.3%, can you imagine? We'd be lucky if it doesn't fall by 50% really. The idea that the Bank of England, there's some nerd in the Bank of England working out some model, and saying 4.3, just shows you they have no idea. 3 million people made unemployment in the United States in a week, is on a scale that we don't know of, and unheard of. And that's going to happen.Dan Edelstyn:That's crazy.Ann Pettifor:The thing about it is that it has a, what is the word, a ripple effect. Because when you're made unemployed, you don't pay your mortgages, you don't go shopping. You still haven't got anything. You may get $1200 out of the Congress, if you're lucky. You're sick and you go to hospital, you might even die, but you're certainly too sick to work, et cetera. This affects the finance sector, and what the finance sector is realizing is that it is screwed, basically. So, we're seeing Wall Street collapse. We're seeing stock markets have still got further to fall. This is because, a simple thing, Dan, which is that, I don't know, I always feel I have to go back to square one in these conversations, and talk about money. All money is created by me promising to pay. When I apply for a credit card, I don't put any money in my credit card account. I simply promise to pay the £150 for that washing machine, or whatever it is I'm buying, and I promise to pay it in the future. And I do, I pay it over months in the future.Ann Pettifor:But that promise to pay gives me purchasing power. It's money, it gives me a washing machine. That's a wonderful, wonderful thing. But, for it to work, my promise has to be upheld. I've got to pay in the future. Who's going to check on that? The bank checks on that, but also the criminal justice system. I've signed a contract saying I'm going to pay. If I don't pay, ultimately, if I'm a poor person, I'll probably go to jail. If I'm rich, I'll probably be bailed out. But anyway, if I don't pay, there's a criminal justice system there to sort.Ann Pettifor:In the financial system, at the level of Central Bank and the QE, when they apply for credit, when they want something on their overdraft, they have to post collateral. Just as when you take on a mortgage, you have to offer another property as collateral, in case you default. The collateral that they're offering in exchange for cash from the Federal Reserve, in exchange for liquidity, could be stocks and shares, it could be a pension, it could be an insurance contract, all those kinds of things. These are financial assets. An insurance contract is an asset, because it's a contract, it's a promise to pay, and you know that in future you're sitting on the contract, and there's premiums coming into your bank account every month. In that sense, it's a wonderful asset, and some of us wish we had more of those sorts of assets. Anyway, what's happening now, as I speak, is that people are saying, "Hang on a minute, that pension, that mortgage, that insurance contract, is it really worth $100000, 503 million dollars? I'm not sure it is. I think it's worth a third of that."Ann Pettifor:I have a friend who's a trader, who's a big, big trader, and he said to me, "Ann, I'm going into the market, and I'm bidding $6 for a security, and the ask, which is what the holder of the asset is asking for, is saying $16," he said, "I've never seen such a divergence in valuation." That teaches us that the way in which a crisis unfolds is by the wrong valuation of an asset, or the changing valuation of an asset which is acting as collateral to leverage additional finance here. If you say, "I'd like a mortgage of 3 million pounds on my house, because I know my house is worth more than a million pounds, and I'd be able to repay over time," And then suddenly the value of a house falls to 500, and you've borrowed 3 million bucks, 500000, and you've borrowed, you're in deep, deep trouble. That's what's happening to Wall Street at the moment. So, that's a big one.Dan Edelstyn:So, you think it will collapse. Because, I've just been reading this again, and in the introduction, or the first chapter, you talk about the 2008 crisis. There was a moment in the 2008 crisis, I think, where people knew there was a problem, and the governments all came in with their stimulus packages and stuff, initially for a few months, until Lehman Brothers went bankrupt, and then that put everything into a big spin, didn't it? It feels as if there's a moment when the... I use this metaphor, and Hilary hates it, but I sometimes think of it as like a duck that's just been shot, and it's still trying to fly, and it thinks it can carry on flying, and doesn't actually realize it's about to crash into the trees with a thump. Is that where we are now? Are we in a duck hunt?Ann Pettifor:No, I think that's a jolly good analogy. The duck is floundering, but then what happens, the state comes along, the Central Bank or the Federal Reserve comes along, and it provides it with a new set of wings. So, what happened in 2007-8, was that exactly that happened. I remember vividly, because I don't know if you remember, Dan, but I wrote a book predicting the crisis. So, when it happened, I never thought it would wait as long as August 2007 to blow. I thought it was going to blow up in the September 2006, and my book was going to be out of date. And even then, neither Central Bank governors, or economists, or politicians, or officials in the treasury, understood what was going on properly, and therefore the public didn't understand what was going on. The left certainly didn't understand what was going on, as you say, only in 2008.Ann Pettifor:In that period, I remember vividly, I even remember, I've got a photograph somewhere of an Evening Standard headline, in which the bankers declare contrition, when they say, "Mea culpa, we're terribly sorry. We done wrong. We done wrong. Will you please punish us?" And to their absolute astonishment, far from punishing them, we gave them a stronger set of wings. We turned them into Eagles. They weren't even little ducks anymore. Now they were Eagles. They were bigger, badder. They could go further. They could speculate even more. They couldn't believe their luck.Ann Pettifor:This had been provided in the first instance, think of RBS. RBS was the biggest bailout in British history. The bailout was set by Labor government, Alistair Darling, And he said, "Please don't anyone give the faintest impression that this is nationalization. We would like you to go on just as before. We're not asking your shareholders to take a big hit. We just want you to pretend you are where you were before, and here's a load of taxpayer's money to help you do that."Ann Pettifor:And to be fair, RBS had to do a lot of restructuring afterwards, and they messed up, and they've had huge problems. I'm not saying that they had just a good time, but we didn't say to them, "Sorry, sweetheart, you can have this money, but the condition is that, number one, you're going to lend money to Britain's SMEs, and you're going to help them get through this crisis. Number two, you're going to lend money at very low interest rates, so that they can afford to borrow." We could've said that. "Number three, if you're going to invest in anything, we want you to invest here in Britain. And number four, will you please pay your taxes." If we just said that, God, we would have had a different world. We never said any of that. We said, "No, we'd like you to be globalized. We want you to be a global bank. We think it's good to have a global bank that's British. And yes, take your money if you like, and don't put it in an Irish or a Delaware tax haven. Who cares? We think everything's hunky-dory.Ann Pettifor:So, what we did was, we strengthened the system, which is why today, the level of debt is twice what it was in 2006-7. In other words, they went out and said, "Right, let's splash, let's create loads of credit, and lend crazy money at very high rates of interest, and get very rich very quickly. Why don't we do that? Why don't we gamble, and make even more money?" And they did. And we've had all these agonizing arguments about how unfair the world is, because we're unequal, and everything. But we created the conditions in which those guys could go and do that.Ann Pettifor:Anyway, so the thing is, but chickens, ducks are coming home to roost, and they're discovering that all of these assets that they created don't have value, and so it's all unraveling. I feel I'm rambling, Daniel.Dan Edelstyn:No, you're not. So, are we about to experience a second shock, I suppose is the question. We've got these stimulus packages which have been approved, and to most people, they think, "Okay, well I've got 80% of my income. Hopefully this is going to go on for, what was it, eight weeks, the official line, or 12 weeks, and then everything will get back to normal." Ann Pettifor:"Then everything will be hunky-dory, and then I'll go shopping."Dan Edelstyn:That's our official account, effectively, I think, which is being managed in the daily press briefings, and then which is being distributed by, let's call them the press, or whatever we're going to call them. The people who just spout the same thing that they're told to write. But my question is, how close to reality do you feel that account is, or what's going to come from this? I'm mindful of the time, because I said 20 minutes, because I know your time, and you've got 15 minutes, you need to get ready for your next one, don't you? When we come out of this, where are we going, and can we get a Green New Deal out of this? Those are two questions.Ann Pettifor:The bottom line. Two things. I think if this is badly managed, and in the United States is being badly managed, it's going to get a whole lot worse. I know we've only got 15 minutes, but I want to quickly say to you, Dan, that it's going to be really hard for us to manage this crisis within the existing international financial system. The real channels for the Green New Deal isn't getting the money. Honestly. We've all seen how easy it is for governments to promise to pay, basically. That's not the problem. The problem is going to be changing the international financial system to enable us to mobilize the finance, and spend the money. And what that means is, right now, and one of the things I'm really angry about at the moment, it just makes my blood boil, is the international system is so designed as to prioritize the interests of capital, over, in the broader sense, labor and the ecosystem.Ann Pettifor:Right now, capital, which is given freedom to roam around the world, without any friction whatsoever, well, virtually without any friction, is rushing out of poor countries, and heading straight for the United States, pushing up the value of the dollar, and investing in what they think is a safe haven. They may not think that after today's unemployment numbers, but nevertheless. What that's doing is it's absolutely sacrificing, crucifying emerging markets, Argentina, South Africa, which is the country of my birth, and where I have family, Turkey, and so on. That is happening as a result of capital flight, and capital flight is enabled by the current system.Ann Pettifor:Secondly, the current system is based on the notion that there should be a reserve currency for the whole world, and that reserve currency should be the currency of the United States of America, and it should be run by the Federal Reserve. So, the dollar is now absolutely fundamental to the global economy. If a poor country like Zambia wants to buy soya beans from Brazil, it cannot do that with the Zambian Kwacha, which is their currency. It has to get holds of greenbacks. It has to get hold of dollars, and then it goes to Brazil and buys soya beans. If South Africa wants to buy oil, or copper, or whatever, similarly. There is currently a shortage of dollars, and the Fed realizes that, because money is all gravitated to the US, because dollars have all fled to the US, the rest of the world doesn't have dollars, can't buy oil, can't buy copper, can't buy soya beans. The Fed has decided to engage in a process called swap lines, whereby they give dollars to, for example, the ECB, to be given to European businesses, and to other OECD countries, but they're not giving dollars to poor countries, and above all, they're not giving dollars to China, because they, they don't believe that China is entitled to dollars, because her currency is not convertible, her government manages the currency.Ann Pettifor:So, China is short of dollars. China is recovering from this initial crisis. This coronavirus, she's beginning to want to buy copper, soya beans, and oil. She doesn't have enough dollars, and the Fed is not going to help. Then we have Mr Pompeo yesterday saying, "We've got to call this flu, the Wuhan flu." The Americans want to make war with these guys. But the very fact that China can't get hold of the currency it needs to buy it's essentials is going to be an issue of huge tension in the world.Ann Pettifor:Hang on. This says a new version of Java is available, would you believe?Ann Pettifor:Anyway, so this is a really big problem, and it's a result of the system. The system was set up under Bretton Woods, and the Americans grabbed the role of the reserve currency. Keynes, at the time, said, "No. We need a currency that doesn't belong to any nation state. That is like an independent Central Bank, and it's not attached to anybody's interests, and, like any old commercial bank on the high street, it manages your assets, and your liabilities, your credits, and your debts and so on, and it takes in deposits in it, and it lends out money." And Keynes was defeated at the Bretton Woods conference by the Americans, who said, "No. We've got to have the dollar, and we demand the dollar because after all we're bailing out the world economy," et cetera. And now we're in this incredibly unbalanced financial system, which benefits the US, and penalizes, especially the poorest countries, and China. Creates enormous political tensions, the potential for war, but also enormous economic imbalances and instabilities.Ann Pettifor:So, China will no doubt, number one, she might sell all her American debt to US treasury bills, and that would be damaging for the Fed, but she may even then just become more protectionist, and more self-sufficient. That's probably going to have to happen to emerging markets as well. I'm hoping they'll impose capital controls, and stop that money from moving around.Ann Pettifor:So, these are conditions in which we want to talk about the Green New Deal, and that's what's going to be hard, because to do the Green New Deal, to mobilize the finance we need to transform the economy away from its addiction to fossil fuels, we have to change this international system. I'll tell you why, Dan. The key thing about the system that Keynes designed post war, was that it was based on international coordination and cooperation. The current system is based on every man for himself. Every state for itself, and the biggest status of bulliest of them all. It's there to create tensions. It's there to split and divide.Ann Pettifor:We now face a major global pandemic, and the United States, Britain cannot cooperate with the Europeans and the Chinese to tackle this because they're so engrossed in their own nationalistic, individualistic, America first kind of attitudes. It's disastrous. We have to change that system just in order to get a new system, a new international system.Ann Pettifor:I have so much trouble with my friends in the green movement and even in economics, who only want to look at the British economy. The British economy is fascinating let's face it, and lots of things happening here. But the British economy is part of this global system, and we have to change that in order to be able to, A, manage our own finances so that we can fulfill our own carbon budgets here at home. We will be given a carbon budget and told you've got to live within that mate, or else your [inaudible 00:26:37]. And then there's a global carbon budget that we need to all work together with to ensure that we achieve the global budget. It might mean we've got to help poor countries. It might mean there's got to be give and take. That's absolutely essential to the Green New Deal. We can't do that within a system that currently is designed to divide and rule. It's designed to break up international coordination. It's designed to attack the World Health Organization, and United Nations that had been set up to help us coordinate. That's the challenge we face with the Green New Deal.Dan Edelstyn:So, should we also set up a new international currency in your opinion, like the HOE Street Central Bank currency?Ann Pettifor:I think we should, definitely.Dan Edelstyn:But it would have to be underwritten, wouldn't it, by taxpayers across across the world?Ann Pettifor:It could be. The thing is what would happen, for it to be international, you'd have to have governments underwrite it, and governments are therefore taxpayers. They're having this row at the moment in Europe, should the ECB be a central bank for the whole of Europe? [inaudible 00:27:48] saying, "No, we don't trust the ECB, you're going to cause inflation." They suddenly realized they need a central bank. Governments need to have to be backed by Central Bank, and central banks have to be backed by governments. We can see, as we speak, Europe fighting over whether or not to be united under the Central Bank that they've created.Ann Pettifor:If they hadn't created the ECB, and they all had their own central banks, they could perhaps then talk about collaborating in a different way. But no, they've set up this monster, and now they're having to agree that it becomes something that enables them to coordinate, and work together around, and cooperate. That's quite heartening to see that today. We need to do that at a global level. The Central Bank would then, it wouldn't be a central bank. What it would be, it would enable states, for its clients, it would have states. The High Street Bank, the HOE Street Bank has locals as its clients, individuals and firms.Ann Pettifor:So, that's for all commercial banks. Central banks don't have high street people, you and me as their clients, and it's not possible for them, because they're organize differently. They have big banks, the banks are their clients, and big financial institutions are their clients. Then you'd have another layer of your global independent bank, and that would have states as its clients. Germany has got a massive surplus, and Portugal's got a deficit, say, and that bag would act as, "Come on, let's balance this out, guys. Germany, you can have your surplus, but you can't have it for long, because I'm going to penalize you, because it's imbalancing the economy, and hey, Portugal, fix your books, and improve your economy, and pay your debts." So, the job of that bank would be to manage those finances across the world.Ann Pettifor:That's what we should have. It shouldn't be linked to any single individual state. That's the point about it. We have something like that, and the IMF was a kind of independent central bank, but it turned out not to be that. Then there's the Bank for International Settlements in Basel, and that was actually originally the model. So, we do have institutions in which states participate, like the IMF, but we would need this to be a bank which would balance out surpluses and deficits across the world. [crosstalk 00:30:24] have the Green New Deal.Dan Edelstyn:That's great. I'm just thinking that I should probably get you to stop, because you have another call in three minutes, and you need to prepare for it, don't you? It was really lovely to speak to you. Just to sum up, basically, what it looks like, possibly a depression, and international chaos on the cards in the wake of the coronavirus, unless people can stop squabbling, and get an actual plan together. Fingers crossed. I'll keep watching.Ann Pettifor:I don't think we can say possibly a recession. There is going to be a deep, deep recession. The question is how deep. And yes, definitely, it's about time that we got together and we worked internationally, and coordinated.

The IPPR Economic Justice Podcast. In this final episode of the series we ask, is another recession on the horizon? Is the UK ready and what can be done to prevent one? And when a recession does come, what should progressives argue for? Host Carys Roberts is joined by IPPR Senior Economist Henry Parkes, political economist Ann Pettifor and economist and author Eric Lonergan. NB: This podcast was recorded before the coronavirus outbreak, so does not mention the implications of the virus for the economy.

This week Extinction Rebellion has been digging up a lawn and calling up a storm. In other news Microsoft is committing to going carbon negative, carbon labelling seems to be back and Drax claims that the UK is getting cleaner because they are burning wood, while the government is making plans to shut down your stove -you know, the one that burns wood.  Jeff Bezos, CEO of Amazon is throwing money - $10 billion - at the climate crisis, but is it enough? Political economist Ann Pettifor says that a shortage of money will never be a problem with dealing with climate change; the main obstacle is mobilising the skills and resources to do what's needed. And the financial institutions don't help either. There's a special report from the the you-couldn't-make-it-up dept, but first what has Extinction Rebellion been up to in Cambridge? 

Green New Deal, la risposta alla pazzia del capitalismo finanziarizzato. E' la tesi dell'economista britannica Ann Pettifor, co-autrice nel 2008 del primo progetto di transizione ecologica. Un progetto che prevede come condizione necessaria il cambiamento dell'attuale sistema monetario e finanziario. Anna Pettifor è direttrice di PRIME, un pensatoio di macroeconomisti keynesiani che sostengono il ritorno ad un ruolo positivo del pubblico rispetto allo strapotere attuale del privato. Del progetto europeo di Green Deal, l'economista britannica dice che è poco ambizioso e con scarse risorse. Ann Pettifor nei giorni scorsi è stata ospite di un incontro alla Fondazione Feltrinelli di Milano insieme al professor Luca Fantacci, storico dell'economia e co-direttore dell'Osservatorio sulle nuove monete dell'università Bocconi. Memos in quell'occasione ha intervistato l'economista britannica. Chiude la puntata di oggi il messaggio di Giorgia Serughetti, sociologa dell'università Milano Bicocca.

Green New Deal, la risposta alla pazzia del capitalismo finanziarizzato. E’ la tesi dell’economista britannica Ann Pettifor, co-autrice nel 2008 del primo progetto di transizione ecologica. Un progetto che prevede come condizione necessaria il cambiamento dell’attuale sistema monetario e finanziario. Anna Pettifor è direttrice di PRIME, un pensatoio di macroeconomisti keynesiani che sostengono il ritorno ad un ruolo positivo del pubblico rispetto allo strapotere attuale del privato. Del progetto europeo di Green Deal, l’economista britannica dice che è poco ambizioso e con scarse risorse. Ann Pettifor nei giorni scorsi è stata ospite di un incontro alla Fondazione Feltrinelli di Milano insieme al professor Luca Fantacci, storico dell’economia e co-direttore dell’Osservatorio sulle nuove monete dell’università Bocconi. Memos in quell’occasione ha intervistato l’economista britannica. Chiude la puntata di oggi il messaggio di Giorgia Serughetti, sociologa dell’università Milano Bicocca.

Green New Deal, la risposta alla pazzia del capitalismo finanziarizzato. E’ la tesi dell’economista britannica Ann Pettifor, co-autrice nel 2008 del primo progetto di transizione ecologica. Un progetto che prevede come condizione necessaria il cambiamento dell’attuale sistema monetario e finanziario. Anna Pettifor è direttrice di PRIME, un pensatoio di macroeconomisti keynesiani che sostengono il ritorno ad un ruolo positivo del pubblico rispetto allo strapotere attuale del privato. Del progetto europeo di Green Deal, l’economista britannica dice che è poco ambizioso e con scarse risorse. Ann Pettifor nei giorni scorsi è stata ospite di un incontro alla Fondazione Feltrinelli di Milano insieme al professor Luca Fantacci, storico dell’economia e co-direttore dell’Osservatorio sulle nuove monete dell’università Bocconi. Memos in quell’occasione ha intervistato l’economista britannica. Chiude la puntata di oggi il messaggio di Giorgia Serughetti, sociologa dell’università Milano Bicocca.

James Butler is joined by Ann Pettifor, author of The Case for the Green New Deal, to discuss the relationship between ecology and economics, to explore Keynes’s proto-localism, and discuss what the latest batch of economic figures tell us about the UK. https://novaramedia.com/?p=15811

TANK Book Talks: Ann Pettifor and George Barda Listen back to a conversation between world-leading economist Ann Pettifor and Extinction Rebellion activist George Barda, hosted at TANK as part of our Book Talks series. Co-authoring the Green New Deal in 2008, Ann recently won the Hannah Arendt Prize for Political Thought and regularly works as an advisor to the British Labour Party and Alexandria Ocasio-Cortez. Here, she is joined by George to discuss her new book The Case for the Green New Deal.

TANK Book Talks: Ann Pettifor and George Barda Listen back to a conversation between world-leading economist Ann Pettifor and Extinction Rebellion activist George Barda, hosted at TANK as part of our Book Talks series. Co-authoring the Green New Deal in 2008, Ann recently won the Hannah Arendt Prize for Political Thought and regularly works as an advisor to the British Labour Party and Alexandria Ocasio-Cortez. Here, she is joined by George to discuss her new book The Case for the Green New Deal.

The radical plan to transform the economy and tackle climate change has taken off in Washington DC, with the backing of the left-wing Congresswoman Alexandria Ocasio Cortez, as well as most of the Democratic candidates for the US presidency. But what is the plan? Manuela Saragosa speaks to Saya Ameli Hajebi, a 17-year-old spokesperson for the Sunrise Movement of young people lobbying for action, as well as to one of the plan's original authors, British economist Ann Pettifor. And Ms Pettifor isn't the only economist calling for radical economic change. Nobel prize-winner Joseph Stiglitz says why he thinks the American economy is failing most of its people and what needs to change. Producer: Laurence Knight (Picture: Los Angeles youth at a nationwide school strike for the Green New Deal; Credit: Katie Falkenberg/Los Angeles Times via Getty Images)

The Lib Dem conference, Johnson’s renegotiation, plus Ann Pettifor’s new book on the Green New Deal. With Ann Pettifor and Tom Kibasi. Not Liberal, Not Democrats?

The Lib Dem conference, Johnson’s renegotiation, plus Ann Pettifor’s new book on the Green New Deal. With Ann Pettifor and Tom Kibasi. Not Liberal, Not Democrats?

In the early 2000s, a handful of experts warned that the world was sleep-walking towards a financial crisis. Among them were South-African born political economist Ann Pettifor and the IMF's chief economist at the time, Raghu Rajan. But their warnings were ignored, and instead in 2008 the world plunged into the worst financial crash since the Great Depression, whose shadow still hangs over our politics. Louise Hidalgo has been talking to the Cassandras of the crash. Picture: Traders at the New York Stock Exchange watch as the Dow Jones share index plunges following the collapse of Lehman Brothers in September 2008 (Credit: Spencer Platt/Getty Images)

Since the 1970s, credit has become increasingly easy to acquire. We have become a consumption-based society driven by our wants, supported by credit, rather than a sustainable society driven by our needs. In this compelling interview, renowned economist and author Ann Pettifor discusses the impact of deregulation of credit on consumption, and the environment, and shows how the globalization of our financial system undermines our ability to solve the climate crisis. She also discusses the impact of credit, and more particularly, interest rate levels, on the environmental problems in the global south. Ann argues that the monetary system is a vital public good which needs to serve society, rather than a small financial elite. She suggests that the way in which central banks responded to the financial crash, creating trillions of dollars credit overnight to bail out banks, has drawn public attention to the power central bankers have—and the very secretive way the financial system operates. Ann also shares her vision for a future with high levels of public investment, low real rates of interest, and government support for a green economy. Ann Pettifor is a UK-based analyst of the global financial system, director of Policy Research in Macroeconomics (PRIME), a network of economists concerned with Keynesian monetary theory and policies; an honorary research fellow at the Political Economy Research Centre at City University, London (CITYPERC) and a fellow of the New Economics Foundation, London. She is an influential political economist with a record of achieving real changes in public policy, especially in relation to sovereign debt. She correctly predicting the global financial crises in several publications including in a book The Real World Economic Outlook, and summarised later in the New Statesman. This was followed by her September, 2006 book The Coming First World Debt Crisis. Ann is currently working on the relationship between economic policy and the climate, and her next book will detail how it's possible to finance a Green New Deal. The post Episode 67: Interview with Ann Pettifor, director of Policy Research in Macroeconomics (PRIME) appeared first on The Sustainability Agenda.

Pengar & politik har träffat Ann Pettifor, en av skaparna av det första Green New Deal, som anammades av Gordon Brown och Barack Obama, men sen kom finanskrisen 2008. Nu går vi igenom varför varken handel med utsläppsrätter eller koldioxidskatt skulle hjälpa, samt varför klimatpolitiken också måste vara jämliketssträvande. Scocco lanserar ett skatteförslag.

Ann Pettifor, aktuell med boken »Produktionen av pengar – så bryter vi storbankernas makt«, gästar Arena Tyckonomi under sitt Sverige-besök. I en intervju berättar hon varför hon vill reglera internationella kapitalflöden och vad banker lånar ut pengar till, om sitt arbete för en Green New deal och hur hon kunde förutse finanskrisen 2008. Intervjuar gör Elsa Persson. Avsnittet är på engelska!

Extinction Rebellion and AOC’s Green New Deal have made global headlines. Can their aims be aligned to prevent climate catastrophe? Aaron Bastani is joined by journalist and environmentalist George Monbiot and economist Ann Pettifor. The Rebel Alliance: Extinction Rebellion and a Green New Deal

Extinction Rebellion and AOC’s Green New Deal have made global headlines. Can their aims be aligned to prevent climate catastrophe? Aaron Bastani is joined by journalist and environmentalist George Monbiot and economist Ann Pettifor. The Rebel Alliance: Extinction Rebellion and a Green New Deal

Von Alexandria Ocasio-Cortez, über Yanis Varoufakis, bis hin zur Labour Party - der Green New Deal steht plötzlich wieder auf der Tagesordnung. Steve spricht mit Ann Pettifor, die das Konzept federführend mitentwickelte, über die Rettung des Klimas, die Rettung unseres Planeten - und wie sich das ganze bezahlen lässt.

The Green New Deal has rocketed to the top of the agenda in the US. It's an ambitious plan, spearheaded by Alexandria Ocasio-Cortez, to decarbonise the US economy and eliminate economic insecurity at the same time. But in fact the Green New Deal has some of its origins here at the New Economics Foundation. So what's the story behind the development of the idea? And how would a Green New Deal actually work, both in the UK and across the pond? Ayeisha Thomas-Smith is joined this week by: - Ann Pettifor, director of Prime Economics and one of the co-authors of the Green New Deal report published by NEF in 2008; - Miatta Fahnbulleh, chief executive of the New Economics Foundation; - Waleed Shahid, communications director of the Justice Democrats, who also worked on the campaign to elect Alexandria Ocasio-Cortez. Enjoying the show? Tweet us your comments and questions @NEF! Produced by James Shield. Music this week is by Podington Bear, used under Creative Commons licence. The award-winning Weekly Economics Podcast is brought to you by the New Economics Foundation – the UK's only people powered think tank. Find out more at www.neweconomics.org

Hello! We got out of Geoff's loft and onto Parliament Square to join the many thousands of young people worldwide protesting about climate change and we also talk about what could be a big part of the answer: A Green New Deal (GND). We explain what it is and how it seeks to put economic and social justice at the heart of the fight against climate change with Ann Pettifor, one of the originators of the idea more than ten years ago and Zack Exley, US Co-Founder of Justice Democrats that supported Congresswoman Alexandria Ocasio-Cortez who has put the GND on the map in the US, ANDComedian Olga Koch is rebranding cooperation tax, applying the impartiality of football referees to combat fake news and incentivising voting with prizes. See acast.com/privacy for privacy and opt-out information.

This week antagonism between Emmanuel Macron and Italy's Matteo Salvini ratcheted up over immigration – are they the leaders of an ideological battle in Europe (00:35)? But pro-immigration or not, both Macron and Salvini smashed through conventional politics in the global surge of populism. As we reach the tenth anniversary of the 2008 crash, we ask, did the financial crisis lead to greater populism (12:40)? And last, why have Americans been boycotting Nike (24:20)? With Christopher Caldwell, Sophie Pedder, Liam Halligan, Ann Pettifor, Coleman Hughes and Freddy Gray. Presented by Isabel Hardman. Produced by Cindy Yu.

Interviews exploring the causes and effects of the 2008 financial crisis, featuring: Jeff Faux, Ann Pettifor, James Steele, Kai Wright, Robin Hanel and Michael Hudson.

This week antagonism between Emmanuel Macron and Italy's Matteo Salvini ratcheted up over immigration – are they the leaders of an ideological battle in Europe (00:35)? But pro-immigration or not, both Macron and Salvini smashed through conventional politics in the global surge of populism. As we reach the tenth anniversary of the 2008 crash, we ask, did the financial crisis lead to greater populism (12:40)? And last, why have Americans been boycotting Nike (24:20)? With Christopher Caldwell, Sophie Pedder, Liam Halligan, Ann Pettifor, Coleman Hughes and Freddy Gray. Presented by Isabel Hardman. Produced by Cindy Yu.

Ann Pettifor and Sirio Canos Donnay ... Reflecting on the polarisation between the right and left which has opened up in European politics since the financial crisis this podcast discusses the neoliberal conundrum: if the EU has been dominated by free market economic thinking does that mean progressive forces across the continent should support an exit? What are the lessons we might derive from Spain and other countries? And how can progressives mobilising across borders effectively confront the insurgent far right?

Ayesha Hazarika and Peter Franklin are joined by Ann Pettifor to discuss the ills of capitalism and where it goes from here.

Episode 71 - Yes we are back from what was a very uneventful quiet summer....what's that? Oh god, I forgot about all that. So yes, nukes, nazis and nature being angry. Plus an interview with brilliant economist Ann Pettifor (@annpettifor) and of course, Brexit.Donate to the Patreon at www.patreon.com/parpolbroBuy me a coffee at https://ko-fi.com/A065LHJFollow us on Twitter @parpolbro, on Facebook at https://www.facebook.com/groups/ParPolBro/ and our webpage at http://www.tiernandouieb.co.uk/podcast See acast.com/privacy for privacy and opt-out information.

For this episode of The Future Is A Mixtape, Jesse & Matt have a discussion with Frantz Pierre--a community activist and organizer who's leading a revolutionary project to educate Los Angeles residents about the benefits of Universal Basic Income via a local, first-of-its-kind, pilot program. But how might Frantz Pierre and other fellow comrades create this program on a citywide scale when the mythology and romance of the “work ethic” and the sin of “laziness” are so indoctrinated in our communities and belief systems? How will we demand “wages” if such an enslaved chunk of our lives--going to jobs we hate--has been entirely automated, and work for the 99% no longer exists? And if and when the argument is truly won, where will the money come from? This podcast will aim to answer those questions. It will also detail why this utopian notion should be viewed as the “New Common Sense” in our global age of shafted, precarious employment, and why UBI is an essential spring-step toward human liberation. Mentioned In This Episode: Frantz Pierre's Twitter Account Information About Pierre's Grassroots Basic Income Project for Los Angeles: The Official Page for The Basic Income Project - Los AngelesThe Facebook Page for The Basic Income Project - Los Angeles To Find Basic Income LA on Twitter The Basic Income Project - Los Angeles Indiegogo Campaign The Millennials Are Killing Everything! Here Is a List of Links and Articles on the Subject of Their Zombie-Schemes to Dismember Everything in Their Blind Rampage-Path: The Millennials' Morbid Obsession with Avocado-Toast Instead of Saving for Their Own Homes, Millennial Couples Aren't Buying Diamonds, They're Killing Buffalo Wild Wings and Applebee's, the Napkins Industry, Breastaurants, and More. Do 80% of Small Businesses Really Fail Within the First 18 Months? Fugitive Pieces: The only website on the internet that mentions Jesse's first business: “Soapbox” in Bellingham, Washington: An Anarchist InfoShop (Started in 2005); Matt unearthed an old photo of the shop. Why Community Land Trusts (CLTs) Are Vital to Making Universal Basic Income (UBI) & Guaranteed Housing Work for the Long Term Fast Company: “Everyone in the World Hates Their Jobs--But Americans Hate Theirs the Most” David Graebers' Legendary Essay “On the Phenomenon of Bullshit Jobs” Originally Published in Strike Magazine, but Reprinted as “Why Capitalism Creates Pointless Jobs” in Evoncomics Getting Two Workers for the Price of One: Domestic Workers (Often Women) Reproduce the Future Source of Labor Without Financial Reward; For Further Analyses, Here Are Some Fundamental Marxist Views on Domestic Work A Term Rarely Heard (or Felt) by Millennials: “Golden Handcuffs” The Los Angeles Magazine: “Mayor Garcetti Has His First Opponent, Apparently” (Discusses Frantz Pierre's Run for Mayor and His Idea for Dealing with the Drought) Here is Within Reason's YouTube Interview with LA Mayoral Candidate, Frantz Pierre: Part 1 & Part 2. (In the Race for LA's Mayor: 24 People Registered; 11 Made the Ballot with Pierre Coming in Eighth Place in Vote Tally.) Strange Currencies: The LA Chapter of The League of Women Voters Didn't Hold a Debate in 2017; And Corporate-Owned Media (Like the “Esteemed” LA Times) Didn't Bother to Make Visible the Opposition--Relegating Only a Minor Discussion of the Two Top Candidates, but No One Else: Duly Cited Here. Why Basic Income & Housing First Models for the Homeless Are Best When Put Together in the Mixing Pot. Case in Point: the city of Medicine Hat in Alberta, Canada; It's Homeless Population Has Stayed at Zero for Two Years Running. J.E. King & John Marangos: “Two Arguments for Basic Income: Thomas Paine (1737-1809) and Thomas Spence (1750-1814)” The Biography of Abu Bakr & His Visionary Idea for What We Know Call Universal Basic Income: “The first Muslim caliph, Abu Bakr, introduced a guaranteed minimum standard of income, granting each man, woman, and child ten dirhams annually; this was later increased to twenty dirhams.” Additionally, a wider purview of Bakr's influence in Pakistan and other Muslim nations can be found in Grace Clark's book. The Alaska Permanent Fund: America's Quiet Basic Income Tradition . . . When It Started 1982, Every Alaskan Citizen Got About $1000 a Year. The Modern World's First Experiment with Universal Basic Income Happened in Manitoba, Canada from 1974-79: A History of “Mincome” and Its Results. Scholar and Shaper on the Basic Income Debate, Evelyn L. Forget, Provided the First Breakthrough Study on the Positive Health Effects That Came as a Result of Canada's Mincome Experiment: “The Town With No Poverty.” During Nixon's Administration, When Daniel Patrick Moynihan Served as the Assistant Secretary for the Department of Labor, He Walked Away from America's Potential First Expansion with Basic Income (Called Family Assistance Aid) because of the Professor's Concern with Early Studies Showing Higher Divorce Rates and the Program's Potentially Adverse Effects on Children and the Nuclear Family. Daniel Geary in The Atlantic: “The Moynihan Report: An Annotated Edition” A History of Basic Income Satiric Film-Shorts from CollegeHumor: “How to Tell If You're a Basic Bitch” & “How to Tell If You're a Basic Bro” “Fair Enough” as a Uniquely Irish Phrase The Importance of Storytelling and Testimony for The Basic Income Project Here's Why Frantz and Other Comrades Are Doing an Education-Based Basic Income Campaign . . . A Promotional Trailer for The Basic Income Project - Los Angeles Scott Santen's Essay, “How to Reform Welfare and Taxes to Provide Every American Citizen with a Basic Income” The Guardian: “Stephen Hawking Blames Tory Politicians for Damaging NHS” Learning Why Deflation Benefits the 1%, While Inflation Is Great for the 99% in Novara Radio's Interview: “The Production of Money: In Conversation with Ann Pettifor.”BIEN (Basic Income Earth Network): “Will Basic Income Cause Inflation?” The New York Times: “Guaranteed Income for All? Switzerland's Voters Say No Thanks” (In Article: “About 77 percent of voters rejected a plan to give a basic monthly income of 2,500 Swiss francs, or about $2,560, to each adult, and 625 francs for each child under 18, regardless of employment status, to fight poverty and social inequality and guarantee a ‘dignified' life to everyone.”) Rutger Bregman's TEDTalk: “Poverty Isn't a Lack of Character; It's a Lack of Cash” The United States' Bureau of Labor and Statistics: Union Membership Rates in Private (6%) Versus Public (34%) Workplaces Spain's Largest & Most Legendary Worker Co-Op: Mondragon Corporation Business Insider: “8 High-Profile Entrepreneurs Who Have Endorsed Universal Basic Income” The Los Angeles Times: “Full Employment: Dangers in Good Times” The Los Angeles Times: “California Faces a Looming Teacher Shortage, and the Problem Is Getting Worse” National Public Radio (NPR): “Where Have All the Teachers Gone?” The Los Angeles Times: “If California's a 'Bad State for Business,' Why Is It Leading the Nation in Job and GDP growth?” Global Voices: “Are Employee Transportation Allowances the Cause of Japan's Commuter Hell?” The New Republic: “I'm Insanely Jealous of Sweden's Work-Family Policies. You Should Be, Too.” Heather Long in The Guardian (U.S. Edition): “Americans Love to Ask People ‘What Do You Do' It's a Habit We Should Break” Why Is It a Chinese Custom to Ask How Much You Make? ABCNews: “Research: Older adults are happiest Americans” The Guardian: “Does Early Retirement Mean an Early Death?” The Telegraph: “Find a Hobby and Get Happy, Danish Style”Martin Luther King's Speech Advocating for Guaranteed Income at Stanford University (1967) To Email with Queries About Frantz's Project or Get Involved In This Movement: BasicIncomeLA@gmail.comTwo Podcasts and Their Respective Episodes That Jesse & Matt Referenced as Sources Throughout Our Discussion with Frantz: The UPSTREAM Podcast: Universal Basic Income - “Part One: An Idea Whose Time Has Come?” The FREAKONOMICS Podcast: “Is the World Ready for a Guaranteed Basic Income? Other Links Exploring UBI (But Not Mentioned in the Podcast): Bootstraps: An In-Development Documentary in Support of Universal Basic Income From The Website's Concept Description: “Twenty Americans from all walks of life have just won a lottery: a guaranteed check every week that's big enough to cover basic living expenses. What will they do with this opportunity?” Scott Santens in Medium: “The BIG Library: Books About Basic Income” The Huffington Post: “A Universal Basic Income is the Future”  The Boston Review: “No Racial Justice Without Basic Income”    Feel Free to Contact Jesse & Matt on the Following Spaces & Places: Email Us: thefutureisamixtape@gmail.com Find Us Via Our Website: The Future Is A Mixtape Or Lollygagging on Social Networks: Facebook Twitter Instagram

The chancellor is facing widespread calls for more spending. Should he listen, or stick to his deficit reduction plan?Senior Conservatives are calling for more public spending on things like public sector pay - but Philip Hammond is committed to what he himself calls 'the long slog of austerity'. David Aaronovitch invites a range of experts into The Briefing Room to help him understand the arguments around public spending, and asks if the UK should ditch austerity?Guests include Paul Johnson from the IFS and economists Ann Pettifor and Tim Besley.

The production of money: how to break the power of the banks. Laurie Taylor talks to Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME) and author of a provocative new book which asks how money is created and whose interests it serves. Countering the notion that it's a neutral medium of exchange in which bankers are merely go betweens for savers and borrowers, she says we can claim control over money production and avert another financial crisis. But how might we go about it? Diego Zuluaga, Financial Services Research Fellow at the Institute of Economic Affairs, offers a contrasting perspective. Producer: Jayne Egerton.

Money makes the world go round: but what is it really? And how is it produced? Above all, who controls its production, and in whose interests? Money is never a neutral medium of exchange. Nor are bankers simply go-betweens for savers and borrowers. How can democracies reclaim control over money production? Leading political economist Ann Pettifor visits the RSA to explain the money system – history’s most misunderstood invention. She lays out a blueprint for how we can subordinate the out-of-control finance sector to the interests of society and the ecosystem – how we can link the money in our pockets (or on our smartphones) to the change we want to see in the world around us. She also examines and assesses popular alternative debates on, and innovations in, money: positive money, helicopter money and the rise of goldbugs.

Money makes the world go round: but what is it really? And how is it produced? Above all, who controls its production, and in whose interests? Money is never a neutral medium of exchange. Political economist Ann Pettifor and journalist Ellie Mae O’Hagan discuss history’s most misunderstood invention: the money system - a system that is dominated by men. While women are largely responsible for managing household budgets, they have on the whole been excluded from managing the nation’s financial system and its budgets. At present the networks that dominate the financial sector are overwhelmingly male, and often shockingly sexist. Their dismissive attitude towards half the population and their enjoyment of an unequal distribution of knowledge are not coincidental. Feminism is uniquely well-placed to ask: how can democracies can reclaim control over money production? Can we subordinate the out-of-control finance sector to the interests of society and the ecosystem? The creation and management of society’s money does not currently loom large in contemporary feminism. But it is a feminist issue, and is central to the liberation of women from the servitude of unpaid work. Ann Pettifor's latest book The Production of Money: How to Break the Power of the Bankers is published by Verso Books. See acast.com/privacy for privacy and opt-out information.

What is money, where does it come from, and who controls it? These are the questions answered in the new book from my guest on the podcast today, leading political economist Ann Pettifor. Ann is a UK-based economist, director of Policy Research in Macroeconomics (PRIME), an honorary research fellow at the Political Economy Research Centre at City University, London and a fellow of the New Economics Foundation. She is also executive director of the consultancy Advocacy International, which advises governments and organisations on international finance and sustainable development. Ann is best known for correctly predicting the Global Financial Crises in several publications including “Coming soon: The new poor”and her 2006 publication “The coming first world debt crisis”. Pettifor’s background is in sovereign debt. She was one of the leaders in the Jubilee 2000 debt campaign, which succeeded in writing off $100 billion of debts (in nominal terms) owed by 35 of the poorest countries. Her new book is The Production of Money: How to Break the Power of Bankers. In this book, Ann argues that democracies can reclaim control over money production and subordinate the out-of-control finance sector to the interests of society, and also the ecosystem. In this episode of Informed Choice Radio, I speak to Ann about what money really is, the fundamental issues with the money system, what happens if nothing changes, whether we can still trust economists, if women are better positioned than men to control the money system, and the rise in the popularity of gold bugs. Welcome to The Production of Money with Ann Pettifor, in episode 177 of Informed Choice Radio. Click here to get the full episode transcript Some questions I ask: -What is money really? -Are there any fundamental issues with the current money system? -What happens if nothing changes? -How can we use the money system to meet the real needs of society? -Can we still trust economists? -Are women better positioned than men to reclaim control over the production of money? -What’s behind the rise in gold’s popularity and the presence of goldbugs? Useful links mentioned in this episode: –Prime Economics –The Production of Money by Ann Pettifor –Ann on Twitter Thank you for listening! To get new episodes of Informed Choice Radio sent directly to your device as soon as they are published, you can subscribe on iTunes or Stitcher Your reviews on iTunes are incredibly helpful and really appreciated. We get notified about each one; please leave a note of your name and website URL so we can mention you in a future episode. Click here to get the full episode transcript

  Synopsis [View Crash, Boom, Pop! here.] Economics is full of BS -- but there is an alternative. Bank bailouts, quantitative easing, housing bubbles, austerity, etc. - are all economic policies putting most of us in the poorhouse. You can fight back...but how? Knowledge is power! This series is all about common sense, humor and great illustrations. It's 100% bull free. Too many of us are living paycheck to paycheck. Income inequality is a worldwide problem. Students are graduating with record debts. Trillion dollar wars are charged to the national credit card of debt. We’re inheriting economies in crisis, with endless money printing, dismal job opportunities, sky high tuition fees and a housing market no one can afford.   These are baffling questions for many...including actual economists. Yes, that’s right. Much of what economists actually believe - and teach in their incredibly boring textbooks - is wrong.   As a team with a background in finance, education and economics, we read a copious amount of books that cut through the confusion: Steve Keen’s “Debunking Economics”, Ann Pettifor’s "Just Money - How to Break the Despotic Power of Finance" and Ha-Joon Chang's "23 Things They Don't Tell You About Capitalism", just to name a few. With the help of our advisor and friend Steve Keen, we can now share what we’ve learned.   About Suzie and Miguel:   Miguel Guerra An obscenely talented artist and writer whose dedication and ability to get [expletive] done on time warps the boundaries of time and space. It’s his art that you see on every page. Miguel was born in Spain, but his family later moved around the U.S. and settled in Canada. He speaks fluent English and Spanish. Miguel has worked on projects for various small and large organizations, including the National Book Foundation and Heavy Metal: Together with his co-writer Suzy, they published the following short stories in Heavy Metal: • Bedbugs (July 2007) • Insomnia (January 2010) • A Lonely Cry in Space (May 2010) Miguel also creates original t-shirt designs and commissioned art (including book covers, comic covers, illustrations, avatars, web art, clip art, etc...). Have a special request? Let us know and he'll design something personal just for you. Click here to contact Miguel directly. You can also see his portfolio at www.MiguelGuerra.com.   Suzy Dias A nose to the grindstone writer, Suzy works on comics, graphic novels, children's books, short stories, and novellas (usually comedy, sci-fi, and action). She also works as a webmaster, graphic designer, letterer, and a cartoonist. Suzy was born in Canada, speaks fluent Portuguese, advanced Spanish, and can order a meal in French. She started her career in finance and worked her way out of the pits and into the media industry, including the Globe and Mail in Toronto and Bloomberg in New York City, where she worked as a writer and editor for the better part of 10 years.   Kindred Spirits Miguel and Suzy found they were kindred spirits and perfect co-creators and writing partners. They decided to tie the knot and have been writing and creating new worlds ever since. Together and individually, they've written comics, graphic novels, movie scripts, TV episodes, and novellas.        

Keynote presentation by Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME).

The days of easy money, easy consumption and easy debt are over, according to Ann Pettifor, who argues that finance should be a servant to the economy, not its master.