The Perma Crisis: A Cascade of Crises

The podcast episode explores the concept of the Perma Crisis, which refers to a series of interconnected crises including pandemics, climate change, recession, and political unrest. The authors emphasize the need for global cooperation to address these global problems effectively, as no single country or group of countries can solve them individually. They advocate for a new theory of growth that considers environmental needs, equity, and good jobs, as well as a new theory of economic management that balances fiscal and monetary considerations. Additionally, they highlight the importance of a new theory of international cooperation to address challenges like climate change and infectious diseases.