The Global Casino by Ann Pettifor

The Global Casino by Ann Pettifor

The global market in money - housed in the offshore 'shadow' banking system - holds $217 trillion in financial assets and operates beyond the reach of any nation's taxman. Asset managers, private equity firms, and pension and sovereign wealth funds scoop up the world's savings for investment and manage them as they choose, unaccountable to politicians or the citizens who elect them.

In this brilliant, accessible and incisive introduction to the murky world of glo­balized finance, Ann Pettifor links the activities of remote mobile financial markets to both the cost-of-living and climate crises. In an insane global casino, bankers are gambling with our future. When we foot the bill, no one but a few economists understands what has happened. The result is volatile, unpre­dictable and uncontrollable speculation in global commodities, pension, energy, and housing.

Pettifor argues that societies and gov­ernments can take back control of the global financial system. We have done it before and can do it again. Indeed, it is imperative that we do so if we are to manage the twin threats of climate breakdown and biosphere collapse.

Ann Pettifor is Director of Prime (Policy Research in Macroeconomics) and a Fellow of the New Economics Founda­tion. She has honorary doctorates from Newcastle University, Helsinki University and SOAS. She is known for predicting the global financial crisis of 2007-9 and for her leadership of a campaign that resulted in massive debt cancellation for more than thirty countries - Jubilee 2000. She is the author of The Coming First World Debt Crisis, The Production of Money and The Case for the Green New Deal. Her Substack is System Change.

SKU	Unavailable
ISBN 13	9781804297223
ISBN 10	1804297224
Title	The Global Casino
Author	Ann Pettifor
Condition	Unavailable
Binding Type	Hardback
Publisher	Verso Books
Year published	2026-01-27
Number of pages	240
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.