From the 2008 crash to COVID, how much has our economy actually changed?
In short: This lecture by Martin Daunton examines the era of hyper-globalisation and the lasting impact of austerity and quantitative easing on global inequality.
The 2008 global financial crisis, which was potentially as severe as the Great Depression, led to a period of austerity and quantitative easing rather than increased public spending. These outcomes disproportionately benefited the assets of the wealthy while leaving the poor to face increased precarity and stagnant living standards.
As we navigate the aftermath of the COVID pandemic, Daunton explores whether there are emerging signs of a necessary transformation in our economic attitudes.
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Sources
- Summary by Intellect · source: The Global Financial Crisis and COVID... What Next?
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