Book description
In this book, Ann Pettifor examines the issues of debt affecting the 'first world' or OECD countries, looking at the history, politics and ethics of the coming debt crisis and exploring the implications of high international indebtedness for governments, corporations, households, individuals and the ecosystem.
Why read it?
1 author picked The Coming First World Debt Crisis as one of their favorite books. Why do they recommend it?
It’s impossible to understand the modern economy without grasping the importance of debt, and no one understands debt better than Ann Pettifor.
Pettifor spent more than a decade campaigning to cancel the unjust and unpayable debt of African, Asian, and Latin American countries – debt that was causing mass impoverishment and robbing people of their rights and livelihoods. Then she turned her attention to the damage that debt was doing in the West, predicting the financial crash of 2007-8.
For Pettifor, the problem started in the early 1970s, when the financial system was ‘freed’ by politicians from the constraints which…
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