From The Times: September 1st
Phil Thornton’s Times interview with me on the economy today.
“The economy is no longer in freefall and, as a result, there’s an enormous amount of complacency from politicians, in particular, about what will happen next. I believe politicians have given away the opportunity to restructure the banks and reconfigure the system.”
A response to the "Triple Crunch" of financial crisis, climate change and oil depletion. Read the report published by the Green New Deal Group and nef (new economics foundation).
Welcome to my blog about the financial crisis. I'm Ann Pettifor, author and analyst of the global financial system, and co-author of the Green New Deal. I predicted an Anglo-American debt-deflationary crisis back in 2003, and am known for my work on sovereign debt and international finance, including Jubilee 2000. Currently a fellow of the new economics foundation and director of Advocacy International.
4 Responses to “Times: Worst of slump yet to come, says economist”
“I believe politicians have given away the opportunity to restructure the banks and reconfigure the system.”
I couldn’t agree more, we had a clear chance to nationalize the busted banking system to the people’s advantage but Bush wouldn’t consider
it and Obama didn’t have the nerve.
Maybe a serious double dip and dollar implosion will revive the possibility? Otherwise, the global fascist
monetary system consolidates to our detriment.
Kent
Comment By Kent Welton on September 1st, 2009 at 4:13 pm
This is an excellent interview and profile. I think you write and say such sensible things about the global
crisis – in stark contrast to a lot of woffle and vagueness, not to mention status quo, from almost everyone else. Well done to you. I tried to
write a comment to the Times piece, but their commenting log-in system seems to be broken for the time being. I hope you continue to spread your
word in this way – we need more people like you to show us the way out and forward!
Comment By Maxine Clarke on July 30th, 2010 at 7:03 pm
Thank you Kent and Maxine, comments much appreciated..Kent, welcome your news and links, keep it up…..like you
Maxine I tried to respond to comments on the Times site, but they made it very hard to log in…perhaps I will warn them of that…
Ann
Comment By ann on September 2nd, 2009 at 11:05 pm
«the world derivative market has now reached a total paper value in excess of one quadrillion
dollars» 10^15???
Is this true? Then certainly the worst is still to come!
Comment By José M. Sousa on September 3rd, 2009 at 3:32 pm
Leave a Comment