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Tanja Berg's Reviews > Crashed: How a Decade of Financial Crises Changed the World

Crashed by Adam Tooze
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bookshelves: audio, business, non-fiction

This was a massively informative book about the 2007-2008 financial crisis and all its political implications, causes and consequences. The author does not analyze all that much, this is mainly a presentation of facts. Some of it is new, but most of it is not. I don't think enough has changed, at least not in terms of regulation and this all-consuming belief that the market will fix everything by itself. It will not. It's grossly unfair that subprime loan takers lost their homes in the millions, whereas banks and billionaires were saved by governments. In the United States it's every poor man for himself, whereas socialism applies for the richest. Don't worry, the author does not spend a lot of time on this, he prefers dry, die-hard facts.
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Reading Progress

February 17, 2023 – Started Reading
February 17, 2023 – Shelved
February 17, 2023 – Shelved as: business
February 17, 2023 – Shelved as: audio
February 17, 2023 – Shelved as: non-fiction
February 20, 2023 – Finished Reading

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