Ann Pettifor is one of the handful of economists who predicted and warned about the financial crisis of 2007 well before it happened. Ann first came to prominence when she led the Jubilee 2000 campaign to abolish the debt of the world’s 42 poorest countries. She was one of the 12 nominees for the Revere Award; some of her pre-crisis comments that were highlighted there were:
Removing controls over the finance sector paved the way for its rise to dominance, which in turn has led to a transformation of the global economy and increased instability.
[One of] the consequences for the global economy [is an] enormous increase (or ‘bubble’) in the stock of financial assets in relation to the real economy, as measured by GDP or the stock of physical, human, and technological capital.
There will be a collapse in the credit system in the rich world, led by the United States
Once default rates approach 1 per cent of the value of the debt across the whole lending spectrum, the profitability of banks is called into question. If default rates reach 2 per cent, the probability of a financial crisis rises appreciably.
Ann will be in Australia as a guest of the Search Foundation from early September. Ann is an excellent speaker, as well as a seriously well-informed analyst, and her talks will be well worth attending. For more details of her visit, please go to the Search website. For more information please contact Bronislava Lee at the SEARCH Foundation on (02) 9211 4164 or via email at firstname.lastname@example.org.
The following tour information was copied from the Search website. If any of the links don’t work, please go to the original page and book from there:
Public forum with Ann Pettifor (UK) and Mark Henley (UnitingCare Wesley Adelaide)
6.30pm, Thursday 1 September, Napier Lecture Theatre, University of Adelaide, $10/$5
Launch of “Babble in the Bar”, Inaugural Quarterly Trades Hall Gathering, with talk by Ann Pettifor (UK)
6–7pm, Friday 2 September, Bella Union Bar, Trades Hall. Drinks provided.
Co-sponsored by Victorian Trades Hall Council, SEARCH Foundation and the National Tertiary Education Union. RSVP to email@example.com or (02) 9211 4164 by Wednesday 31 August.
Workshop for union climate activists and university students
10am-noon, Friday 2 September, Jim Potter Room, Old Physics Building – G16, University of Melbourne, Parkville
The National Tertiary Education Union is sponsoring a special workshop for its climate activists and university students on Friday morning in South Melbourne. Active members of other unions may also attend. For more information or to RSVP contact firstname.lastname@example.org or (02) 9211 4164.
Community forum with Ann Pettifor (UK)
2–4pm, Saturday 3 September, New Internationalist Bookshop, Trades Hall
Public forum with Ann Pettifor (UK) and Ian Lowe (Griffith University)
6.30pm, Monday 5 September, Premiers’ Hall, Parliamentary Annexe, Cnr Alice & William Sts. Suggested donation $10/$5.
Supported by Senators Claire Moore and Larissa Waters and QLD MP Evan Moorhead and co-sponsored by the SEARCH Foundation, Queensland Conservation Council and the Green Institute. RSVP by 31 August to email@example.com or (02) 9211 4164.
Workshop for union delegates
1–4pm Monday 5 September
The Australian Manufacturing Workers Union (AMWU) is hosting a special workshop for union delegates. Contact your union to ask if they are participating, or for more information contact firstname.lastname@example.org or (02) 9211 4164.
Public forum with Ann Pettifor (UK) and Arthur Rorris (South Coast Labour Council)
6pm, Thursday 8 September, Tom Mann theatre, 136 Chalmers St, Surry Hills. Suggested donation $10/$5.
Co-sponsored by the SEARCH Foundation, Climate Action Network Australia, Catalyst, Greenpeace Australia-Pacific, Australian Services Union, South Coast Labour Council, Institute of Environmental Studies (UNSW), Society of Heterodox Economists, Institute for Sustainable Futures (UTS). RSVP by Monday 5 September to email@example.com or 9211 4164.
Making the Boom Pay: If not now, when? Catalyst and Australia Institute Conference
10am-4pm, Thursday 8 September, featuring Ann Pettifor as one of the keynote speakers. For more details contact Catalyst on 8090 1177
Institute of Environmental Studies and Society of Heterodox Economists campus workshop
3–4.30pm, Thursday 8 September, Australian School of Business room 220, UNSW, Kensington. Free.
Plus special workshops for union delegates and NSW Parliament staff and MPs on Wednesday 7 September
Contact firstname.lastname@example.org or 9211 4164 for more information.
Union and community workshop
9am-1pm, Friday 9 September, South Coast Labour Council Trade Union Centre, 1 Lowden Sq, Wollongong. Free.
The training is open to all community members in the region who are interested in the Green Jobs project or the problem of climate change and ensuring the transition is effective. The half-day workshop will be practically-oriented with a focus on engaging the community on these issues. It will cover:
• How the transition can be financed and be socially, as well as environmentally, beneficial
• The roles of organised labour and industry groups in developing political momentum for change, and in the transition itself.
RSVP required by Wednesday 7 September to email@example.com or (02) 9211 4164.