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5.0 out of 5 stars
On the money, 24 May 2014
This is an important book. It explains how control of money has been taken away from democratic institutions and vested in unaccountable corporate ones, why austerity economics is pure superstition, and how claiming back social control of finance is possible -- but only if we can give up some major illusions about the nature of money itself.
All this and more needs to be said, persuasively and concisely, at a time when the clouds of financial and ecological crisis are gathering once more, when neoliberalism has secreted itself into our cognitive apparatus, and when the ideology of cutting the public sector has therefore falsely established itself as the 'common sense' solution to debt that guides policy thinking in these islands and across the world.
Ann Pettifor was a leading light in the influential Jubilee 2000 global debt remission campaign. In an earlier book and in other writings she anticipated the 'big crash' of 2008 that so-called orthodox economists and financiers missed altogether (while still managing to contribute to).