… it is that lack of agency that is the cause of economic failure and social and political instability within the eurozone. Countries like Greece, Italy and even France or Germany lack the power to adjust their economies to suit domestic markets, conditions and interests. This economic helplessness enrages the public and has led to the rise of what is euphemistically known as ‘populism’. The plain truth is that Greece, Italy and France are not alone. Europe is not unique in its subordination to the private authority of globalised, dollarized financial markets. All democratic states are powerless in the face of a global monetary system ‘governed’ by private market forces. This is highly relevant to the Green New Deal. Why? Because mobile agents active in globalised, deregulated financial markets have very little interest in supporting states that need to wean economies away from dependence on fossil fuels and from the all-powerful corporations that dig up, distribute and make money from those fuels.”
Ann Pettifor, The Case for the Green New Deal.
Some agency
