It's time to talk about, and talk up, monetary reform – to ensure that the public good that is our money system once again serves the interests of wider society, not just those of private wealth. So says groundbreaking political economist Ann Pettifor, whose new book 'Just Money' demystifies the nature of money and the finance system, showing how and why it needs to be reconstructed.
The arrival of Ann Pettifor's latest book, 'Just Money: How society can break the despotic power of finance' is an important publishing moment, says Ekklesia co-director Simon Barrow. It unmasks the false ideologies of austerity and neoliberalism.
It was the Occupy movement world wide that first coined the phrase "the one per cent" to denote the very small number of exceptionally powerful people who make far too many of the decisions about how our world runs.
As the debate continues about about whether and how credit unions and other community-based financial bodies can challenge big banking and immoral, high-interest charging pay-day lenders, the Just Festival in Edinburgh will be looking at moral and sustainable commerce.