The crises of the last two decades are lined up like a leporello. Recently, the Ukraine war, energy shortages and inflation have been putting us under stress. What can we do to find our way out of the mess? The British economic historian Adam Tooze sheds light on the needs of the present in “NZZ standpoints”.
These are uncertain times. One crisis follows the next. After the financial crisis came the migration crisis and after the corona pandemic came the war in Ukraine. And now we have a full-blown energy crisis and runaway inflation. The problem is that the crises overlap and reinforce each other.
There hasn’t been a polycrisis like this since the late 1920s. Are Western societies stable and flexible enough to put up with and overcome them? How dangerous is inflation? How stable are the financial markets? How weak is Germany? And how is Europe as a whole managing to find its way out of the current misery? – The NZZ editor-in-chief talks about this Eric Gujer with the renowned British economic historian and contemporary critic Adam Tooze.