Adam Tooze
Economic historian, Kathryn and Shelby Cullom Davis Professor of History at Columbia University, and author of Wages of Destruction, Crashed and Shutdown. Writes the Chartbook newsletter.
Adam Tooze did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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Their wordsRather than thinking of this set of preferences as incoherent, or merely the expression of a sectional petty bourgeois interest, it makes more sense, surely, to view it as a coherent set of anti-systemic views.
↗Chartbook 474: The state is the problem - the AfD’s anti-systemic diagnosis of contemporary Germany. adamtooze.substack.com 1st of 2 in this piece
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Our reading
Germany's crisis is too deep to be solved by conventional tax, spending, or regulatory adjustments.
Their wordsGermany is in trouble. But the trouble goes deep and cannot be addressed by "more of the same" socio-economic measures in the domain of taxes or social spending or regulation.
↗Chartbook 474: The state is the problem - the AfD’s anti-systemic diagnosis of contemporary Germany. adamtooze.substack.com 2nd of 2 in this piece
- 4 days earlier
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immigrationgovernmentdemocracy
Their wordsVoting for the AfD in the current landscape, whatever your economic issues, in short, is not a vote to have your economic issues addressed by social democracy, or welfare or government intervention.
↗Chartbook 473 Germany’s democratic earthquake: the AfD breakthrough in Sachsen-Anhalt and the question of an “alternative to the Alternative”.adamtooze.substack.com 1st of 3 in this piece
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Their wordsTo my mind, if progressive policy hopes to engage with such voters at all - and it is open question whether it should - it must address not just the material realities of relative economic disadvantage, but above all the "outsider" credentials of the AfD.
↗Chartbook 473 Germany’s democratic earthquake: the AfD breakthrough in Sachsen-Anhalt and the question of an “alternative to the Alternative”.adamtooze.substack.com 2nd of 3 in this piece
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Their wordsPeople who act and speak in public as right-wing extremists and are labeled as such, establish a claim to authenticity.
↗Chartbook 473 Germany’s democratic earthquake: the AfD breakthrough in Sachsen-Anhalt and the question of an “alternative to the Alternative”.adamtooze.substack.com 3rd of 3 in this piece
- 6 weeks earlier
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Our reading
The second China shock is landing on Europe, where the first one landed on the United States.
Their wordsIn China shock 1.0 the key target was the US. In China shock 2.0 it is Europe.
↗Chartbook 462: China shocked - beyond 1.0 and 2.0 to the "Big One".adamtooze.substack.com 1st of 5 in this piece
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Their wordsThe original point of the China Shock 1.0 discourse was not to foreground the unfairness of Chiense competition, so much as the malfunctioning of US policy and societal institutions in the face of concentrated globalization shocks.
↗Chartbook 462: China shocked - beyond 1.0 and 2.0 to the "Big One".adamtooze.substack.com 2nd of 5 in this piece
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Their wordsChina shock 2.0 threatens high status manufactured goods: European cars and engineering.
↗Chartbook 462: China shocked - beyond 1.0 and 2.0 to the "Big One".adamtooze.substack.com 3rd of 5 in this piece
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Their wordsWhat China is delivering in the 2020s is an industrial policy shock of global scale.
↗Chartbook 462: China shocked - beyond 1.0 and 2.0 to the "Big One".adamtooze.substack.com 4th of 5 in this piece
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Their wordsIt wasn’t just the West that drew conclusions from China shock 1.0. Beijing learned from China Shock 1.0 too.
↗Chartbook 462: China shocked - beyond 1.0 and 2.0 to the "Big One".adamtooze.substack.com 5th of 5 in this piece
- 7 days earlier
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Their wordsIt reveals things that are deeply wrong at the heart of the European economy.
↗Chartbook 460 Greedflation meets China shock: Can Europe's car industry be saved without making the cost of living crisis worse?adamtooze.substack.com 1st of 4 in this piece
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Their wordsAnd this in turn means that if we really want to find a way out of the impasse, advocacy for protection and support should be tied to demands for systematic reform.
↗Chartbook 460 Greedflation meets China shock: Can Europe's car industry be saved without making the cost of living crisis worse?adamtooze.substack.com 2nd of 4 in this piece
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Their wordsTo put this same story another way, the European car industry in the early 2020s was a prime example of greedflation i.e. companies taking advantage of the COVID shock and other disruptions and to hike profits at the expense of consumers.
↗Chartbook 460 Greedflation meets China shock: Can Europe's car industry be saved without making the cost of living crisis worse?adamtooze.substack.com 3rd of 4 in this piece
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Their wordsThe two seemingly contradictory trends connect, because the relatively low rate of productive investment leaves European industry vulnerable to its most vigorous competitors whose firms are contending with an even more deflationary macroeconomic situation at home in China.
↗Chartbook 460 Greedflation meets China shock: Can Europe's car industry be saved without making the cost of living crisis worse?adamtooze.substack.com 4th of 4 in this piece
- 4 weeks earlier
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Their wordsThey are none of these things. All three were predictable and overdetermined.
↗Chartbook 452 Europe's Machiavellian moment?adamtooze.substack.com 1st of 2 in this piece
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Their wordsRather they are the sign of disorientation, disillusionment and despair.
↗Chartbook 452 Europe's Machiavellian moment?adamtooze.substack.com 2nd of 2 in this piece