What Today’s Crises Will Mean Tomorrow: A Conversation With Adam Tooze

Global political economy is defined by the fraught intersection of economic policymaking, domestic and international governance challenges, and political realities around the world. Today the terrain of global political economy is rocked by polycrisis: Russia’s war on Ukraine, a strained U.S.-China relationship, deepening economic inequality, fraying trust in institutions and global relationships, accelerating technological competition, and climate emergencies affecting vast populations. Policymakers are navigating these crises against a backdrop of persistent concerns about inflation and economic growth as well as changing ideas about how to reconcile competing goals affecting the economy. How can countries overcome these crises to achieve greater prosperity and innovation, reduce risks of conflict, and protect the planet? And how will choices about today’s interconnected crises affect tomorrow’s institutions, opportunities, and conflicts?
Join us for a conversation between Carnegie nonresident scholar Adam Tooze and Carnegie president Mariano-Florentino (Tino) Cuéllar. This event is part of a series on the global political economy organized by the Carnegie Endowment for International Peace.

[@MF-hr8hs]

This video should be texted as well. It is excluding towards non hearing people. Auto-generated texting should not be the alternative, you can do better than that.

[@renimon100]

Would be better if humans were organized on continental principle, instead into countries. So much easier to have world federal structure and plan strategy if you have only 6 members.

[@Rnankn]

Agreed. States have a poor track-record, but they are being taken as given.

[@maxheadrom3088]

Andrew Canergie, believe it or not, was an anti imperialist who wanted to buy the Philippines from the US so he could gift it to the people of the Philippines. It would cost 6.6% of his fortune - 20 million dollars (not adjusted).

[@gbhatia9809]

For 3 decades, the US had enjoyed unprecedented economic & military unipolar superiority globally but miserably failed to prove worthy of that responsibility. Ukraine will rankle USA as yet another chapter in the long litany of American failures: Vietnam, Iran, Iraq, Syria, South China Sea & Afghanistan to name just a few. The US has uncanny ability to start a crisis & jump from one crisis to another entangling its friends & foes alike who are then left to face consequences & fend for themselves. With Ukraine War it is now the turn of Europe. Having meekly succumbed to US line instead of restricting conflict around Minsk Agreement, Europe is going to face the worst of both the worlds - Spend more on defense, pay more for energy, fund Ukraine’s war & reconstruction and absorb into European economy & society Middle Eastern & Ukrainian refugees. Zelensky is now stuck up losing 20pc of his territory despite rapid pumping of over $250bn by the US & NATO allies and so is Biden pathetically stuck up after boasting to rapidly convert Rouble into rubble. Moreover, freezing Russia’s dollar assets & SWIFT denial has shaken the confidence of the world in the dollar-based trade & financial system. Since wars in Europe last long & sanctions still longer, attempts to make Ukraine an Afghanistan of Russia will turn Ukraine into Afghanistan of Europe. Europe will remain destabilized for a long time while the US will lose its unipolar Superpower status leading to more balanced multipolar world. Addressing Valdai Discussion Club on October 27, 2022, Putin declared: ‘New world order’ will compensate for Russia’s losses in Ukraine war. Russia is determined to hold on till then.

[@maxheadrom3088]

And a lot of people (Americans) have been warning them about it since 1990.

[@Ginkoman2]

actual Schizo posting. the situation in ukraine is not comparable.

[@nbnbx3604]

bot farm troll. Russian military capacity been decimated by this war. billions of dollars of equipment, built up over decades in soviet period, blown up in a year. Russian economy has no capacity to recover these losses. the Russian hope to build a regional sphere of influence in former soviet territory is cancelled for good. and putin will fall after this war. he has no successor, so a return to the political turmoil of the 90s seems inevitable. Ukraine might settle to lose territory, but has less to fear from a militarily depleted Russia. Europe may have to do more military spending of its own in future. but the US empire is the biggest winner out of this conflict. russian military is depleted, russian politics will collapse, now China is its only serious adversary.

[@Rnankn]

It is incredible how even decisions made in the Kremlin are America’s fault.

[@gerrystevens9041]

i salute ADAM TOOZE as a relative. my 'fathers' real name was RICHARD HENRY TOOZE. but we all called him Gay. he was the Devil. [now Defunct].