“There is a striking similarity between the questions we ask about 1914 and 2008,” writes Adam Tooze
“How does a great moderation end? How do huge risks build up that are little understood and barely controllable? . . . How do the passions of popular politics shape elite decision-making? Is there any route to international and domestic order? Can we achieve perpetual stability and peace? Does law offer the answer? Or must we rely on the balance of terror and the judgment of technicians and generals?”
With these questions, Tooze, a distinguished British historian, now teaching at Columbia University, finishes his monumental narrative history of 10 years that have reshaped our world.
Also present are some huge political stories: the meddling of the EU in Ukraine and the consequent bitter clashes with Russia, the Brexit referendum and the rise of Trump. All these changes, too, reflect in part the political pressures created, or exacerbated, by the crisis. The ripples caused by this shock move onwards into the future.
Martin Wolf FT 17 July 2018
https://www.ft.com/content/e5ea9f2a-8528-11e8-a29d-73e3d454535d
Crashed: How a Decade of Financial Crises Changed the World Hardcover by Adam Tooze
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