Ann Pettifor: Is the next financial crisis only a matter of time?

Ann Pettifor accurately predicted the 2006 credit crisis with her book The Coming First World Debt Crisis. In her new book The Global Casino, Pettifor warns how offshore financial markets, operating without democratic oversight, are gambling with the planet’s future.

Trillions of dollars have been placed in the global offshore financial markets. Money on which no taxes are paid and over which there is no democratic control. In her latest book, economist Ann Pettifor explains how this international money market functions like a casino. A shadow-banking world that engages in rampant speculation, propped up by public funds. Is the next crisis only a matter of time?

Ann Pettifor (1947) is a leading British economist. She is one of the driving forces behind the Green New Deal, a package of measures aimed at making the economy more sustainable. She advises governments worldwide and is director of Policy Research in Macroeconomics (PRIME), a network of economists researching Keynesian monetary theory and policy.