How can we deal with our ecological debt?
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About the video: ‘How can we deal with our ecological debt?’
Ann Pettifor talks about the way in which the industrial countries of the global north are running up a ballooning legacy of ecological debt. While this is being addressed by some policy makers, Pettifor argues that orthodox economics do not provide adequate solutions. The central problem, in her view, is that control over credit and money supply has been wrested from Governments and handed over to the market. Equity and democracy is about transparency and accountability. Financial markets lack both. She closes by suggesting that local sourcing could contribute to a solution.
Total views: 2,577
Filmed: London, England on 1 November 2004
Credits: Interviewer - Marcus Morrell Camera and Editor - Marcus Morrell
Copyright © 2004 Big Picture TV
About Ann Pettifor
Ann Pettifor is the Director of Jubilee Research at the New Economics Foundation in London and is the former Director of Jubilee 2000. She is also editor of ‘The Real World Economic Outlook’, an alternative to the IMF’s World Economic Outlook.
She is a co-author of the Green New Deal, published by the new economics foundation in July 2008 – a set of policies to deal with threats posed by the Credit Crunch, Peak Oil and Climate Change.
She is also the executive director of the consultancy Advocacy International, which undertakes research and advises governments and organisations on matters relating to international finance and sustainable development.
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Recorded: 1 November 2004
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