Europe 9
- Germany's crisis is too deep to be solved by conventional tax, spending, or regulatory adjustments.
- The second China shock is landing on Europe, where the first one landed on the United States.
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.
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What Adam Tooze says most about
China 7
- China's industrial lead was manufactured by deliberate state industrial policy rather than by market forces alone.
- The second China shock is landing on Europe, where the first one landed on the United States.
America 3
- The second China shock is landing on Europe, where the first one landed on the United States.
- The second China shock threatens Europe's highest-status manufacturing, not an industrial backwater the way the first one did in America.
politics 3
- AfD support reflects a coherent anti-systemic worldview rather than incoherent or narrowly self-interested preferences.
- Countering the far right requires addressing voters' desire for an outsider identity, not just their economic grievances.
behavioural science 2
- Countering the far right requires addressing voters' desire for an outsider identity, not just their economic grievances.
- Publicly embracing a taboo, extremist identity can function as a costly signal that builds political authenticity and loyalty.