Ann Pettifor’s Debtonation
advocacy, campaign, credit crunch, design, financial crisis
I’ve been working on Debtonation with Ann Pettifor for several months. For those who don’t know her work, Ann is one of the very few economists who accurately predicted the current global financial meltdown. As early as 2003 she warned of an Anglo-American debt-deflationary crisis - not exactly a popular position at the time, and she continues to call it right. So check out Debtonation for independent and forthright analysis of the incredible mess we’re in. Here’s an excerpt:
“It is hard to over-state the gravity and extent of the collapse of the global economy. I can barely find the words to fill a blog that I fear you, dear reader, may weary of. It is even harder to find an economy escaping the carnage, or to avoid politicians dashing for the cover of bail-outs. But one can still encounter economists confident and chipper in the face of such massive, global destruction – and the threat of sustained economic failure.”