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Summary

Penguin presents the audiobook edition of Crashed by Adam Tooze, read by Simon Vance, with an introduction read by the author.  

In September 2008 the Great Financial Crisis, triggered by the collapse of Lehman brothers, shook the world. A decade later its spectre still haunts us. As the appalling scope and scale of the crash was revealed, the financial institutions that had symbolised the West's triumph since the end of the Cold War seemed - through greed, malice and incompetence - to be about to bring the entire system to its knees.  

Crashed is a brilliantly original and assured analysis of what happened and how we were rescued from something even worse - but at a price which continues to undermine democracy across Europe and the United States. Gnawing away at our institutions are the many billions of dollars which were conjured up to prevent complete collapse. Over and over again, the end of the crisis has been announced, but it continues to hound us - whether in Greece or Ukraine, whether through Brexit or Trump. Adam Tooze follows the trail like no previous writer and has written a book compelling as history, as economic analysis and as political horror story.

©2018 Adam Tooze (P)2018 Penguin Books Ltd

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A must read for understanding the world today

Dealing first with the financial crisis of 2008 (the build-up to the crisis and the response of policy makers) and then the European sovereign debt crisis of 2010 - 2012, Adam Tooze has written as good an analysis as anything I've seen from strictly economic commentators. It helps enormously that he writes so well.
The book though is far more than an history of the financial shenanigans of Wall Street and the City of London, or the various policy responses of the Fed, BofE and ECB. At its heart the book deals with the question of how modern democratic politics interacts with the hugely complex, interconnected macro-financial system, as he labels it. Judged by the response of the GOP and the Conservative Party in Britain, parties that traditionally placed themselves as mediating this relationship, the signs are far from encouraging.

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Great History of the Crash and it's Effects

Excellent history of the Crash & how the banks responded. My only criticism is it presents a somewhat sympathetic account to those in power making the decisions at the time. Where it could have been better is in outlining a more progressive alternative than the one demanded by the EU / global finance since 2008 - to better contextualise the failings of govts to prioritise the prosperity of its people over the continuation of an inequitable system on life support - fuelled by unsustainable debt / credit bubbles.

4 people found this helpful

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Very Technical

This is not an easy listen, but interesting. Not being from an economics or financial background I had to persevere with it.

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Illuminating!

Enjoyed having the author read the introduction. The rest of the book was very well read by Simon Vance. So much happened during this time, it has amazed me quite how many elements I did not even know about. The description of the various market mechanisms can be quite technical, I don't think audio books particularly lend themselves to this aspect. But on the other hand the narrative to the various dramas were brought alive very effectively by the narrator.

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Stunning - a thriller about the world economy

Utterly gripping story of a period we all lived through without even the slightest sense of the real drama that was playing out on the trading floors and in the cabinet offices and boardrooms of the great powers.

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  • CJ
  • 04-05-21

Informative and Entertaining Read

Really enjoyed this. After reading Obama's book with sections dedicated to the financial crash, I was interested to read more about it. I have no financial background but found it engaging and easy to understand. Would wholeheartedly recommend to anyone interested in learning more about the financial crisis, and the wider repercussions of it.

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essential recent history

really worthwhile and incredibly well researched (similar to the author's previous works). comes highly recommend

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Fascinating

Tooze does a jaw dropping job of sewing together the last decade of financial and political instability and change.

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How we got through those crashes.

Fantastic from start to finish. Great detail and background. Great at linking the different crashes.

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A history of what we lived through

So much to absorb. I can't recommend this more highly. Am now going to read his book on finance of Corona virus 'Lockdown' when it comes out.

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  • Juuso
  • 13-12-19

A mere repeat of recent events

The book is merely a review of recent events with no academic vigor for the underlying motivitations. At times, the author inserts his own views to provide a colored account. If you we’re born before 2004, you have experienced the contents of this book by merely following main stream media.

Could be that my expectations for this book were more towards a more in depth about recent events, while the content was something that will appreciate in value as decades pass.