Crashed: how a decade of financial crises changed the world

Table of Contents:

Part I GATHERING STORM
1.The "Wrong Crisis"
2.Subprime
3.Transatlantic Finance
4.Eurozone
5.Multipolar World
Part II THE GLOBAL CRISIS
6."The Worst Financial Crisis in Global History"
7.Bailouts
8."The Big Thing": Global Liquidity
9.Europe's Forgotten Crisis: Eastern Europe
10.The Wind from the East: China
11.G20
12.Stimulus
13.Fixing Finance
Part III EUROZONE
14.Greece 2010: Extend and Pretend
15.A Time of Debt
16.G-Zero World
17.Doom Loop
18.Whatever It Takes
Part IV AFTERSHOCKS
19.American Gothic
20.Taper Tantrum
21."F*** the EU": The Ukraine Crisis
22.#Thisisacoup
23.The Fear Projects
24.Trump
25.The Shape of Things to Come.
Notes
Index

“An intelligent explanation of the mechanisms that produced the crisis and the response to it…One of the great strengths of Tooze’s book is to demonstrate the deeply intertwined nature of the European and American financial systems.”–The New York Times Book Review

From a prizewinning economic historian, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today.

In September 2008 President George Bush could still describe the financial crisis as an incident local to Wall Street. In fact it was a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. In the United States and Europe, it caused a fundamental reconsideration of capitalist democracy, eventually leading to the war in the Ukraine, the chaos of Greece, Brexit, and Trump.

It was the greatest crisis to have struck Western societies since the end of the Cold War, but was it inevitable? And is it over? Crashed is a dramatic new narrative resting on original themes: the haphazard nature of economic development and the erratic path of debt around the world; the unseen way individual countries and regions are linked together in deeply unequal relationships through financial interdependence, investment, politics, and force; the ways the financial crisis interacted with the spectacular rise of social media, the crisis of middle-class America, the rise of China, and global struggles over fossil fuels.

Finally, Tooze asks, given this history, what now are the prospects for a liberal, stable, and coherent world order?

(https://www.penguinrandomhouse.com/books/301357/crashed-by-adam-tooze/9780670024933/)