New Internationalist

David Ransom on the financial crisis and the majority world

This is an episode in the Radio NI podcast series, which features regular interviews with contributors to New Internationalist's magazine and books. You can subscribe to this podcast for free in iTunes, or via the RSS feed, or by visiting the Radio NI blog to check for new interviews.

Why has the Great Recession, which has stunned the wealthy West, left the Majority World more or less unscathed? The New Internationalist takes a closer look in its March issue. We show how the Majority World learned from the bitter experience of ‘structural adjustment’ to keep as far away from financial markets as possible. We listen to the voices of ordinary citizens in Latin America, Africa and Asia for the sense that’s so conspicuously absent from the deluded din of economic orthodoxy. And, as the world wakes up to the true cost of financial markets, and the resistance finally begins, we outline a 3D vision of a future that might actually be worth having.

Pete Speller talked to this issue’s editor, David Ransom, about his keynote article: The Great Rebellion

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About the author

David Ransom joined New Internationalist in 1989 and wrote on a range of issues, from green justice to the current financial crisis, before retiring in 2009. He was a close friend of Blair Peach, once worked as a banker in Uruguay and continued to contribute to New Internationalist as a freelancer until shortly before his death in February 2016. He lived on a barge on the waterways of England’s West Country.

His publications include License to Kill on the death of Blair Peach in 1979 and The No Nonsense Guide to Fair Trade. He also co-edited, with Vanessa Baird, People First Economics.

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