Permacrisis by Gordon Brown, Mohamed El-Erian and Michael Spence
It has now been 15 years since the outbreak of the global financial crisis, long enough for memoirs and professional accounts to start to appear. The process was kickstarted with the publication of Crashed by Adam Tooze in 2018, a much lauded first draft of history.
A friend recounts being interrupted by a series of men in expensive suits while reading it in a coffee shop in Princeton shortly after its publication. They wanted to know whether they were in it – and, if so, how they came off. The people involved have an eye to their legacies.
Gordon Brown as prime minister hosted a G20 summit in London at the height of the crisis in March 2009, convincing the gathered powers to “flood financial markets with cash” to the tune of $1.1tn.
the primary enemy in Permacrisis is something they call “the degrowth movement”.
we are held in the sheltering hand of leadership and encouraged to think that the world is run by reasonable people who respond to reasonable arguments and can be guided towards conclusions that work best for everybody. Yet what about the history of the past few decades makes us think this will be the case? Indeed, one could say the opposite.
Quinn Slobodian is professor of history at Wellesley College and the author of Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy.
Permacrisis: A Plan to Fix a Fractured World by Gordon Brown, Mohamed El-Erian and Michael Spence is published by Simon & Schuster
https://www.simonandschuster.com/books/Permacrisis/Gordon-Brown/9781398525610
Englund: Leta efter resultat för Adam Tooze (englundmacro.blogspot.com)
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