The Covid-19 economic crisis was a recession like no other. Never before in the history of modern capitalism had close to 95 per cent of the world’s economies suffered a simultaneous contraction in per capita GDP.
But what will be the lasting impact of the crash? There are few people better placed to answer this question than Adam Tooze, the economic historian, New Statesman contributing writer and author of the newly-published Shutdown: How Covid Shook the World’s Economy.
In this video interview, we discuss why Covid-19 was a “warning from the future”, the new threats to the global economy and why “the left should be cautious about celebrating this crisis of neoliberalism”.