Shutdown
How Covid Shook the World's Economy
(Sprache: Englisch)
"This book's great service is that it challenges us to consider the ways in which our institutions and systems, and the assumptions, positions and divisions that undergird them, leave us ill prepared for the next crisis."-Robert Rubin, The New York Times...
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"This book's great service is that it challenges us to consider the ways in which our institutions and systems, and the assumptions, positions and divisions that undergird them, leave us ill prepared for the next crisis."-Robert Rubin, The New York Times Book ReviewDeftly weaving finance, politics, business, and the global human experience into one tight narrative, a tour-de-force account of 2020, the year that changed everything--from the acclaimed author of Crashed.
The shocks of 2020 have been great and small, disrupting the world economy, international relations and the daily lives of virtually everyone on the planet. Never before has the entire world economy contracted by 20 percent in a matter of weeks nor in the historic record of modern capitalism has there been a moment in which 95 percent of the world's economies were suffering all at the same time. Across the world hundreds of millions have lost their jobs. And over it all looms the specter of pandemic, and death.
Adam Tooze, whose last book was universally lauded for guiding us coherently through the chaos of the 2008 crash, now brings his bravura analytical and narrative skills to a panoramic and synthetic overview of our current crisis. By focusing on finance and business, he sets the pandemic story in a frame that casts a sobering new light on how unprepared the world was to fight the crisis, and how deep the ruptures in our way of living and doing business are. The virus has attacked the economy with as much ferocity as it has our health, and there is no vaccine arriving to address that.
Tooze's special gift is to show how social organization, political interests, and economic policy interact with devastating human consequences, from your local hospital to the World Bank. He moves fluidly from the impact of currency fluctuations to the decimation of institutions--such as health-care systems, schools, and social services--in the name of efficiency. He starkly analyzes what happened when
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the pandemic collided with domestic politics (China's party conferences; the American elections), what the unintended consequences of the vaccine race might be, and the role climate change played in the pandemic. Finally, he proves how no unilateral declaration of 'independence" or isolation can extricate any modern country from the global web of travel, goods, services, and finance.
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Lese-Probe zu „Shutdown “
Chapter 1Organized
Irresponsibility
Skeptics-and there have been skeptics from the start-like to point out that the remarkable thing about the Covid crisis is that we turned something ordinary into a global crisis. No matter what we do, people die, and the same people die of Covid as die normally-old people with preexisting conditions. In a normal year, those people die of flu and pneumonia. Outside the privileged core of the rich world, millions of people die of infectious diseases like malaria, tuberculosis, and HIV. And yet "life goes on." Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) was, by the standards of historic plagues, not very lethal. What was unprecedented was the reaction. All over the world, public life shut down, and so too did large parts of commerce and the regular flow of business. All over the world this massive interruption of normality stirred, in various degrees, incomprehension, indignation, resistance, noncompliance, and protest. One need not sympathize with the politics of the objectors to acknowledge the historical force of their point. In a new and remarkable fashion, a medical challenge became a much wider crisis. Explaining how this might have happened not as the result of effete and overly protective political culture or as the result of a deliberate policy of repression, but as a result of structural tensions within early twenty-first-century societies, will help set the stage for understanding the crisis of 2020.
It is true that old people die, but what matters is how many and at what rate and from which causes. At any given moment, this rank order of mortality can be described in terms of a matrix of probabilities that has evolved over time and is held in place by medical possibilities, health economics, and the pattern of social advantage and disadvantage.
Table 1: Causes of
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Death
Total deaths Communicable, maternal, neonatal, and nutritional diseases (%) Noncommunicable diseases (%) Injury (%)
m m % % % % % %
1990 2017 1990 2017 1990 2017 1990 2017
Western Europe 3.86 4.16 4 5 90 91 6
Total deaths Communicable, maternal, neonatal, and nutritional diseases (%) Noncommunicable diseases (%) Injury (%)
m m % % % % % %
1990 2017 1990 2017 1990 2017 1990 2017
Western Europe 3.86 4.16 4 5 90 91 6
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Autoren-Porträt von Adam Tooze
Adam Tooze
Bibliographische Angaben
- Autor: Adam Tooze
- 2021, Internationale Ausgabe, 368 Seiten, Maße: 15 x 22,8 cm, Kartoniert (TB), Englisch
- Verlag: Viking
- ISBN-10: 0593489349
- ISBN-13: 9780593489345
- Erscheinungsdatum: 30.08.2021
Sprache:
Englisch
Pressezitat
"This book s great service is that it challenges us to consider the ways in which our institutions and systems, and the assumptions, positions and divisions that undergird them, leave us ill prepared for the next crisis. . . . Whether we can overcome that incoherence and meet the challenges ahead while protecting the values at the heart of the American idea freedom, pluralism, democracy is the essential question posed by Shutdown." The New York Times Book Review"A seriously impressive book, both endlessly quotable and rigorously analytical. Tooze synthesises a huge volume of information to argue that we must prepare for a new wave of crises or risk being sunk by them. Hopefully, governments everywhere will heed his warning. The Guardian
"Offer insights and frameworks likely to be of enduring value To read Shutdown feels like sitting alongside the great professor while he feverishly collates an array of data and anecdotes, attempts to chronicle what is going on, his head fizzing with ideas about what it might all mean and where it might be leading." Financial Times
"This is truly a picture of the global impact of the crisis; it covers the disruption in the financial markets, as well as the ins and outs of government policy. . . An impressively full account of the economic developments of the past 18 months." The Economist
"A primer on the mechanics of a global financial panic, the techniques that central bankers deployed to contain it, and the political events that ensued. Laced through these taut synopses is a meditation on a grand historical question: Did 2020 mark the end of the world economic order as we d known it since 1980? And if so, what precisely is taking neoliberalism s place?" New York Magazine
"Tooze s book offers readers a comprehensive and smartly written summary of the economic impact of the coronavirus Tooze briskly and expertly recounts the tense weeks in March 2020 [and] routinely
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compares the coronavirus shutdown to the 2008-2009 financial crisis, [which] happens to make for apt comparisons, as few previous economic and health disasters can match the scale and global reach of this pandemic." Washington Post
"[Tooze's] writing demystifies the world before us, dispelling the cloud created by the chaotic motivations and invidious narcissism of the market. Shutdown is one such cure, a book that answers so many questions about the state of the world that it will leave its readers feeling not just more learned but dizzy too. It is cliché at this point to remark that after COVID-19, everything changed; what Tooze illustrates masterfully in Shutdown is that the crisis the virus unleashed began much earlier, the world order s fragility the product of a much longer process of mismanagement and selfishness." Vulture's "40 Books We Can t Wait to Read This Fall"
"Fascinating, informative, and wise...Tooze brings us to the brutal reality of Covid: it was not about money...Shutdown concludes with a plea for 'constant interplay of expertise and counter-expertise.' It is a wake-up call for us to bridge that chasm." Paul Collier, Times Literary Supplement
"Adam Tooze makes a strong case for looking back, and beginning to draw some conclusions. . . . His focus is the period that started with Chinese President Xi Jinping s public acknowledgement of the coronavirus outbreak on Jan. 20, 2020, and ended with U.S. President Joe Biden s inauguration exactly a year later. The scale and variety of what unfolded in the intervening days remains dizzying. Tooze lucidly organises these events in the book s 300 pages, while maintaining the sweeping perspective that will be familiar to readers of Crashed." Reuters
"A comprehensive history of an unprecedented year, Tooze s account describes how the pandemic played out politically across the globe, the interplay between climate change and the pandemic, and the myriad effects of the world economy nearly shutting down in a brief period that, as Tooze puts it, made History with a capital H. Readers will find this deeply informed parsing of the pandemic to be illuminating and thought-provoking." Publishers Weekly
"Economic historian Tooze examines the unprecedented decision of governments around the world to shutter their economies in the face of pandemic . . . As the pandemic hopefully continues to fade, other crises remain. This book is a valuable forecast of future problems." Kirkus Reviews
"[Tooze's] writing demystifies the world before us, dispelling the cloud created by the chaotic motivations and invidious narcissism of the market. Shutdown is one such cure, a book that answers so many questions about the state of the world that it will leave its readers feeling not just more learned but dizzy too. It is cliché at this point to remark that after COVID-19, everything changed; what Tooze illustrates masterfully in Shutdown is that the crisis the virus unleashed began much earlier, the world order s fragility the product of a much longer process of mismanagement and selfishness." Vulture's "40 Books We Can t Wait to Read This Fall"
"Fascinating, informative, and wise...Tooze brings us to the brutal reality of Covid: it was not about money...Shutdown concludes with a plea for 'constant interplay of expertise and counter-expertise.' It is a wake-up call for us to bridge that chasm." Paul Collier, Times Literary Supplement
"Adam Tooze makes a strong case for looking back, and beginning to draw some conclusions. . . . His focus is the period that started with Chinese President Xi Jinping s public acknowledgement of the coronavirus outbreak on Jan. 20, 2020, and ended with U.S. President Joe Biden s inauguration exactly a year later. The scale and variety of what unfolded in the intervening days remains dizzying. Tooze lucidly organises these events in the book s 300 pages, while maintaining the sweeping perspective that will be familiar to readers of Crashed." Reuters
"A comprehensive history of an unprecedented year, Tooze s account describes how the pandemic played out politically across the globe, the interplay between climate change and the pandemic, and the myriad effects of the world economy nearly shutting down in a brief period that, as Tooze puts it, made History with a capital H. Readers will find this deeply informed parsing of the pandemic to be illuminating and thought-provoking." Publishers Weekly
"Economic historian Tooze examines the unprecedented decision of governments around the world to shutter their economies in the face of pandemic . . . As the pandemic hopefully continues to fade, other crises remain. This book is a valuable forecast of future problems." Kirkus Reviews
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