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Beyond the Crash

Overcoming the First Crisis of Globalization

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About this listen

 The international financial crisis that has held our global economy in its grip for too long still seems to be in full stride. Former British Prime Minister and Chancellor of the Exchequer Gordon Brown believes the crisis can be reversed, but that the world’s leaders must work together if we are to avoid a decade of lost jobs and low growth.

Brown speaks both as someone who was in the room driving discussions that led to some crucial decisions and as an expert renowned for his remarkable financial acumen. No one who had Brown’s access has written about the crisis yet, and no one has written so convincingly about what the global community must do next in order to climb out of this abyss. Brown outlines the shocking recklessness and irresponsibility of the banks that he believes contributed to the depth and breadth of the crisis. As he sees it, the crisis was brought on not simply by technical failings, but by ethical failings too. Brown argues that markets need morals and suggests that the only way to truly ensure that the world economy does not flounder so badly again is to institute a banking constitution and a global growth plan for jobs and justice.

Beyond the Crash puts forth not just an explanation for what happened, but a directive for how to prevent future financial disasters. Long admired for his grasp of economic issues, Brown describes the individual events that he believes led to the crisis unfolding as it did. He synthesizes the many historical precedents leading to the current status, from the 1933 London conference of world leaders that failed to resolve the Great Depression to the more recent crash in the Asian housing market. Brown’s analysis is of paramount importance during these uncertain financial times.

As Brown himself said of his ideas for the future, “We now live in a world of global trade, global financial flows, global movements of people, and instant global communications. Our economies are connected as never before, and I believe that global economic problems require global solutions and global institutions. In writing my analysis of the financial crisis, I wanted to help explain how we got here, but more important, to offer some recommendations as to how the next stage of globalization can be managed so that the economy works for people and not the other way around.” Economic Conditions Economic History Economics International
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I love Gordon brown's voice.

I think this is a great look into Gordon's thought process. Listening to this in 2021 after the conservatives took an approach of austerity and cultivated an isolationist anti-eu culture and how trump took America to attempt a fascist anti democratic coup all on the basis of economic ruin and fed on the fear of the crash and how they blamed it all on government spending. Look at where trickle down economics got us.

I mean I like the guy alot

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I read this just after Blair's memoir 'A Journey'. What a contrast. This book is all about economics and nothing about the man's personal journey. Still, I found it engaging, and it is always exciting to read the 'I was there, this is how it happened, detail'. I had the scary feeling that Mr Brown that was saying: I only failed before because I had too little power. Give me more power and I next time will be able to organise the world according to the GB image. I for one do not want him to try.

Nothing personal

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The all round knowledge and clarity of thought presented here in amazing. Enjoyed reading this.

Master Piece

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