STWR - Share The World's Resources

There is no need to resort to taxation, pension funds or other sources of saving to finance a ‘Green Transition’. Governments can instead utilise the banking sector’s unconstrained ability to create credit and direct investment towards the de-carbonisation of the economy, argues Ann Pettifor.

Women have long been underrepresented in the financial sector. To ensure a meaningful recovery from the economic crisis, women will have to feminise macrofinance and imbue it with a renewed sense of social responsibility, argues Ann Pettifor in an interview with Elena Sisti.

9 August 2007 will be remembered as 'debtonation day' - the day when the world's vastly extended bubble of deregulated credit burst. This date marks the beginning of the end of the deregulation and privatisation of finance that characterises the era of globalisation, says Ann Pettifor.

The G20 summit has provoked a mass mobilisation of campaigners for global justice, whose emerging coalitions may play a key role in shaping the politics of the post-crisis era. Some leading figures make their case.

The collapse of Lehman Brothers marks the beginning of the collapse of the international financial architecture, as constructed, on very shaky foundations, by Richard Nixon in 1971 when the Bretton Woods system was dismantled - and ‘globalisation’ began to be shaped, argues Ann Pettifor.

On 9 August 2008, the anniversary of "debtonation day" it is incumbent on citizens to hold haute finance's feet to the fire, and to demand strict regulation, transparency and oversight of the sector's activities. But on this anniversary it is also important to begin to promote solutions, writes Ann Pettifor.

The precedent of the United States's great depression and Japan's post-bubble collapse should haunt today's G8 summiteers, says Ann Pettifor.

On 9 August 2007, globalisation's rickety financial levees were broken by a storm-surge of debt, invisible to most punters, but scary enough to frighten bankers.

A single day, 9 August 2007, will go down in history as "debtonation day" - the beginning of the end of the deregulation and privatisation of finance that marks the era of globalisation.