The decade that has followed since can be broadly categorised into dominos that tumbled one after the other. The economic crisis that originated in the US required the banking sector to be rescued with inflated numbers. The similarities between the rise of neo-fascist movements in the West during this decade and the post-World War 1 Europe are evident. The book calls out the austerity measures as a blunder and links those with the rise in populism. But while Tooze provides accessibly empiricism to the economic crisis, he also addresses many misconceptions.

Source: Pakistan Today October 03, 2018 07:07 UTC