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Crashed - How a Decade of Financial Crises Changed the World (Hardcover)
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Crashed - How a Decade of Financial Crises Changed the World (Hardcover)
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A New York Times Notable Book of 2018. Winner of the 2019 Lionel
Gelber Prize 'Majestic, informative and often delightful ...
insights on every page' Yanis Varoufakis, Observer The definitive
history of the Great Financial Crisis, from the acclaimed author of
The Deluge and The Wages of Destruction. In September 2008 the
Great Financial Crisis, triggered by the collapse of Lehman
brothers, shook the world. A decade later its spectre still haunts
us. As the appalling scope and scale of the crash was revealed, the
financial institutions that had symbolised the West's triumph since
the end of the Cold War, seemed - through greed, malice and
incompetence - to be about to bring the entire system to its knees.
Crashed is a brilliantly original and assured analysis of what
happened and how we were rescued from something even worse - but at
a price which continues to undermine democracy across Europe and
the United States. Gnawing away at our institutions are the many
billions of dollars which were conjured up to prevent complete
collapse. Over and over again, the end of the crisis has been
announced, but it continues to hound us - whether in Greece or
Ukraine, whether through Brexit or Trump. Adam Tooze follows the
trail like no previous writer and has written a book compelling as
history, as economic analysis and as political horror story.
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