A New York Occasions Notable Guide of 2018. Winner of the 2019 Lionel Gelber Prize
‘Majestic, informative and sometimes pleasant … insights on each web page’ Yanis Varoufakis, Observer
The definitive historical past of the Nice Monetary Disaster, from the acclaimed creator of The Deluge and The Wages of Destruction.
In September 2008 the Nice Monetary Disaster, triggered by the collapse of Lehman brothers, shook the world. A decade later its spectre nonetheless haunts us. Because the appalling scope and scale of the crash was revealed, the monetary establishments that had symbolised the West’s triumph for the reason that finish of the Chilly Warfare, appeared – by way of greed, malice and incompetence – to be about to deliver your entire system to its knees.
Crashed is a brilliantly authentic and guaranteed evaluation of what occurred and the way we had been rescued from one thing even worse – however at a worth which continues to undermine democracy throughout Europe and the US. Gnawing away at our establishments are the numerous billions of {dollars} which had been conjured as much as stop full collapse. Time and again, the tip of the disaster has been introduced, however it continues to hound us – whether or not in Greece or Ukraine, whether or not by way of Brexit or Trump. Adam Tooze follows the path like no earlier author and has written a guide compelling as historical past, as financial evaluation and as political horror story.
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