Ann Pettifor

“Social democracy’s blind spot for the international financial architecture and its power over domestic policy-making has had other consequences. Not only does neglect of the international system let globalized capital markets off the regulatory hook, but globalization has also led to the rise of economic nationalisms.”

“In other words, we can – and to survive, we must – transform and even end within the next ten years the failed system of capitalism that now threatens to collapse earth’s life support systems and with them, human civilisation. We must replace that economic system with one that respects boundaries and limits; one that nurtures ‘soils, aquifers, rainfall, ice, the pattern of winds and currents, pollinators, biological abundance and diversity’;6 one that delivers social and economic justice.”