On 2 May seminar to explore C20 efforts of unions to unite globally. Highly timely, given debt crisis in the South & some retreat from global markets in the North. Speakers include: Paul Nowak and me of TUC Unite the union: join a union's Simon Dubbins & Jim Moher
sas.ac.uk/events/trade-u…

Looking forward to speaking at this 'History & Policy Trade Union Forum' event.
I plan to discuss the labour movement's involvement in the inter-war debate, their emphasis (with Keynes) on a renewed international architecture, and its relevance today.
sas.ac.uk/events/trade-u…

“Our problems in this country are not arriving on a beach in Kent from France.
They’re arriving because of the oligarchs and the billionaires that run our society.”

✍️I wrote something about the single most important issue we’re not talking enough about.
The bond between the rich world & the rest is broken.
But we’ve been so fixated with domestic issues, from Brexit to the cost of living crisis, we’ve barely noticed thetimes.co.uk/article/324b14…

🚨Unions call on G7 Italy Labour & Employment Ministers to deliver the “real wage growth” which #G7 Leaders committed to last year

👉🏾Unions from G7 countries point out real wages “in almost all G7 countries remain below 2019 levels”

🔗tuac.org/news/unions-ur…

Thought this an excellent attempt at explaining the complex and convoluted and likely nonsensical impacts of quantitative tightening on the government finances.

My piece in The Guardian in response to recent editorial on the new global debt crisis. CAFOD partners in Sri Lanka tell us that, as their govt accepts its 17th IMF bailout since independence, it’s time to fix the global debt architecture & break the cycle:

theguardian.com/world/2024/apr…

10 years since this lucid piece by Bank of England economists explained how money is created in the modern economy. In short, commercial banks effectively 'print' money when they make new loans, it's not at all what you think. Weird, fascinating, important
bankofengland.co.uk/quarterly-bull…

great by Rana Foroohar
Lula ..called out the “mismatch” between“rich countries and regions now openly espousing and defending industrial policy” while“still pushing ..an outdated ..Washington Consensus”
'The shift to a new economic paradigm has begun.'
ft.com/content/6482a6…

Charlie Mullins, following a very long tradition of bosses complaining how difficult it is to exploit workers.

'The ITUC calls for a major democratic reform of the international financial architecture as a key demand in its For Democracy campaign, as the International Monetary Fund (IMF) and the World Bank hold their spring meetings'.

ituc-csi.org/IMF-World-Bank…

We have a terrific line up for this conference on Sovereign Debt and Climate Finance - be sure to register here
umass-amherst.zoom.us/webinar/regist…

In spite of monthly rise, the economy in Feb was 0.2% smaller than a year ago.
Growth is stuck in the slow lane, real wages are still worth less than in 2008. And millions struggling to cover their bills.
A proper economic plan is needed, not just more scraping along the bottom.

Thanks to Louis-Philippe Rochon I knew that today at 44 Kensington Park Gardens a blue plaque was installed on #JoanRobinson ’s home where she lived when she was a young girl. With Jan Toporowski we were there. So I could meet the daughter, Barbara. This is a photo documentation.

IMF warns 'Fast-Growing $2 Trillion Private Credit Market Warrants Closer Watch'.

Their chart of the wild returns shown below, and more in blog:
imf.org/en/Blogs/Artic…

A workshop in honour of Victoria Chick

SOAS, University of London, 02 May

Speakers include Carolina Alves, Jennifer Churchill, Sheila Dow, Penelope Hawkins, Maria Cristina Marcuzzo, Ioana Negru, geoff tily and Jan Toporowski

postkeynesian.net/event/02052024…

When workers strike against pay cuts ministers say they’re holding the country to ransom. When shareholders strike ministers prepare to roll over. 1980s Tory privatisation of natural monopolies was just a scam. Taxpayers take note. We were robbed.
thetimes.co.uk/article/thames…

'Forty years on, a new intellectual and political reckoning would be less surprising than the absence of one'.

Nice piece by Martin Sandbu, following challenge to policymakers from Finland PM Sanna Marin and Macron in France.

ft.com/content/6f70bb…