Special Edition: Ann Pettifor, Mamphela Ramphele, and Kenneth Rogoff for PS Say More

Ann Pettifor, Mamphela Ramphele, and Kenneth Rogoff examine the new green economics the world needs and the green power of public finance. The PS Say More Newsletter | [View this message in a web browser]( [PS Say More]( In today’s special Say More feature, three leading experts – Director of Policy Research in Macroeconomics Ann Pettifor, former World Bank Managing Director Mamphela Ramphele, and Harvard professor Kenneth Rogoff – examine the new green economics the world needs, and how public finance fits into it. [Read now](. All three of today’s featured contributors will be discussing these topics and more at PS Climate Week 2021, which includes two live virtual events: [New Summits]( on September 15 and [Building the Green Consensus]( on September 20. Register for free today. Ann Pettifor Says More… Syndicate: At the upcoming New Summits event, you will participate in a panel discussion on the New Green Economics. Last year, you [wrote]( that building a sustainable world would require an “overhaul of the global financial and monetary system” to “put finance back in its proper place as servant, not master, of the global economy.” That means, for starters, increasing “democratic oversight of the international financial system.” How has the pandemic highlighted this imperative, and how might it be pursued? Ann Pettifor: The COVID-19 crisis exposed the deep flaws in our capitalist systems, and the globalized financial sector’s greed, vulnerability, and detachment from the real economy. In fact, during the pandemic, free-market capitalism was suspended, and Wall Street, the City of London, and Frankfurt were effectively nationalized... [Continue reading]( [PS Events: New Summits]( Mamphela Ramphele Says More… In a presentation early this year, you [pointed out]( that, in apartheid South Africa, the majority was viewed as an aberration, with black people being described as “non-white” and African people being described as “non-European.” The first step to achieving “any major paradigm shift,” you explained, is thus to become “conscious of the contradictions, the absurdities that we take as normal.” At the New Summits event, you will participate in a panel discussion on the New Green Economics, which focuses on a badly needed paradigm shift in economics. What lessons does your experience as an anti-apartheid activist hold for convincing people today to recognize unsustainable or “absurd” contradictions? Mamphela Ramphele: The most important lesson from the activism of the 1970s is that one needs to be centered inwardly, in order to be able to take a holistic perspective of the world around them. It was becoming conscious of... [Continue reading]( At New Summits, Pettifor and Ramphele will be joined by [Paul Polman]( [Laurence Tubiana]( [Sadiq Khan]( and more. [Register now](. Kenneth Rogoff Says More… At the upcoming Building the Green Consensus event, you will participate in a panel discussion on the Green Power of Public Finance. You have often [advocated]( for the [creation]( of a World Carbon Bank “that provides a vehicle for advanced economies to coordinate aid and technical transfer, and that is not simultaneously trying to solve every other development problem.” With what incentives should such an institution start? Do you see other options for establishing the right incentives for large developing countries to decarbonize? Kenneth Rogoff: The progressive climate agenda in the United States has blinders on when it comes to the global nature of the carbon problem, and the imperative of finding ways to secure the buy-in of emerging-market and developing economies, which are by far... [Continue reading]( At Building the Green Consensus, Rogoff will be joined by [Werner Hoyer]( [Odile Renaud-Basso]( [Barbara Buchner]( and more. [Register now](. [An Interview with Sigmar Gabriel]( Previously in Say More [An Interview with Sigmar Gabriel]( [Sigmar Gabriel]( puts the lie to the narrative that Germany is a net contributor country in the EU, proposes how Europe should deal with China, and explains what is wrong with the German election campaign. Gabriel is a former foreign minister and vice chancellor of Germany, and Chairman of Atlantik-Brücke. [Check out the Say More archive]( [The End of the Indispensable Nation]( Previously in Opinion Has It [The End of the Indispensable Nation]( [Stephen Wertheim]( joins [Elmira Bayrasli]( in this PS podcast Twenty years ago, the September 11 terrorist attacks invigorated America’s sense of itself as the “indispensable nation.” But its actions since then have failed to improve global security and have endangered those who it claimed to be helping. Listen on [PS]( [Apple]( [Spotify]( [Google]( and all other listening apps. Or [read the transcript](. [Check out the Opinion Has It archive]( [PS Events: Building the Green Consensus]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. 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