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Publisher's Summary

From a prizewinning economic historian, an eye-opening reinterpretation of the 2008 economic crisis (and its 10-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, Adam Tooze asks, given this history, what now are the prospects for a liberal, stable, and coherent world order?

©2018 Adam Tooze (P)2018 Penguin Audio

Critic Reviews

"An important and insightful work...combines an economic history with geopolitical analysis of the 2008 financial crisis and the subsequent decade." (Library Journal)

"First-rate financial history and an admirable effort to wrestle a world-changing series of events between covers." (Kirkus Reviews)

"Tooze makes the arcana of international economic policy relevant to a lay audience by framing his account with Donald Trump’s political ascension... In addition to making international economics understandable and attention grabbing, Tooze has written an essential addition to the ranks of histories that place Trumpism in context." (Publishers Weekly)

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Incredible

Tooze is an incredibly eloquent writer. This book is an extensive of overview of the output as well as the outcome of the financial crisis. Highly enjoyable & an impressive narrative. Simon Vance was brilliant choice for a narrator (as always).

3 of 3 people found this review helpful