The Chinese Real Estate Development Sector Is a Spectacular Model of Wate Water

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If there were a chinese financial crisis coming out of corona viris, what would that look like? What is the weakest stress point? Real estate sector is one obvious one. The shadow banking system in general in china, i think, is a huge worry. And then, i think, the rather horrifying experience of twenty fifteen, twenty sixteen - which is easily underestimated in the west....

Adam Tooze is best known for his highly-regarded books on the economic history of Nazi Germany, the remaking of the global economic and political order starting in World War I, and his account of how the economic effects of the 2008 financial crisis rippled across the globe for a decade to follow. Recently, he’s become an influential voice on Twitter documenting the pandemic-induced strain on the world’s financial systems.

Adam joined Tyler to discuss the historically unusual decision to have a high-cost lockdown during a pandemic, why he believes in a swoosh-shaped recovery, portents of financial crises in China and the West, which emerging economies are currently most at risk, what Keynes got wrong about the Treaty of Versailles, why the Weimar Republic failed, whether Hitler was a Keynesian, the political and economic prospects of various EU members, his trick to writing a lot, how Twitter encourages him to read more, what he taught executives at BP, his advice for visiting Germany, and more.

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Recorded April 16th, 2020 Other ways to connect

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