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Ann Pettifor

👤 Speaker
307 total appearances

Appearances Over Time

Podcast Appearances

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And we've given them the whole world to play with.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

Do you know?

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

Yes, it is.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And what's really difficult about a bubble is predicting when it bursts, really.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And nobody knows what will be the trigger as well, because it will be some weird thing that will blow up from nowhere that you would not expect it to be.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

But that it's a bubble is commonplace now.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

I mean, everybody is saying it.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

There's nothing clever about saying it.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And, you know, what's also terrifying is, and this is where we have to understand our public institutions, because what I want to make clear in the book is that these guys operate in this stratosphere, but at the same time, they tethered to the Federal Reserve, basically.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And Jerome Powell has said, and I quote him in the book, don't worry, we've got all that it takes to bail them out, you know.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

If you have a central bank that exists to bail out these big bad guys, these very wealthy elites, the people will get angry.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

The people are pissed off about it.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And they're right.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

You know, we think the people don't understand macroeconomics.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

We're completely wrong.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

They get it.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

They can see what's going on.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

You and I can see what's going on, right?

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And they are mad as hell.

Pod Save the UK
140: Will Mandelson be Starmer’s downfall?

And in my book, I argue,