‘Global finance should serve the real economy, not the other way round’ – Ann Pettifor kicks of imagine2027

Economist Ann Pettifor got the imagine2027 series off to a cracking start with a call to rein in global finance in order to build a more stable, fairer economy.

The director of Policy Research in Macroeconomics (PRIME), a network of economists concerned with Keynesian monetary theory, Pettifor said global finance must serve the real economy, not the reverse.

At a packed event at the Anglia Ruskin university in Cambridge, Pettifor argued that British people needed to educate themselves about money so that they could set the terms for how financiers acted on our behalf.  She argued that as taxpayers we were collectively invested in the financial system and could exert influence.