Support 100 years of independent journalism.

  1. Business
  2. Economics
9 September 2021

Adam Tooze: “We need to focus on the total apocalypse of climate breakdown”

The author of Crashed and Shutdown on whether the age of neoliberalism is over.

By George Eaton and Phil Clarke Hill

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”.

Watch more video from the New Statesman on www.newstatesman.com/video, or subscribe to our YouTube channel.

Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. Quick and essential guide to domestic and global politics from the New Statesman's politics team. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. A handy, three-minute glance at the week ahead in companies, markets, regulation and investment, landing in your inbox every Monday morning. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A weekly dig into the New Statesman’s archive of over 100 years of stellar and influential journalism, sent each Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.

Content from our partners
How automation can help telecoms companies unlock their growth potential
The pandemic has had a scarring effect on loneliness, but we can do better
Feel confident gifting tech to your children this Christmas