The Credit Crunch and the Financial Markets

We are all affected by the so-called ‘credit crunch’ triggered last year by the bursting of the US housing bubble, but most of us have little understanding of the workings of the unregulated financial markets that are the root cause of the crisis. Ann Pettifor will explain how this volatile speculative sector has come to dominate and destabilise the real economy, and discuss its effect on governments, corporations, households and individuals, and its impact on the environment. Ann helped to design and led the world-wide campaign Jubilee 2000 for the relief of poor-country debt, and has contributed widely to international debates on global finance. She is executive director of Advocacy International, and her prophetic book ‘The Coming First World Debt Crisis’ was published by Palgrave Macmillan in 2006.