Articles on 2007-08 financial crisis

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We’re increasingly reliant on interconnected digital networks, and that makes us more vulnerable to the impacts of data leaks and cyberattacks. (Wesley Tingey/Unsplash+)

The warning signs are clear: We’re heading toward a digital crisis

The warning signs are loud and clear: we’re headed into a crisis, thanks to the growing interdependence of digital and economic systems — with no safety nets.
The breakdown of global order in the 1930s resulted in totalitarian leaders pulling the strings. Philippe Clément/Arterra/Universal Images Group via Getty Images

No, the world isn’t heading toward a new Cold War – it’s closer to the grinding world order collapse of the 1930s

Over the past 15 years, the world has seen a financial crisis, the rise of populist politics and a fracturing of the world economic order. Sounds all a bit pre-WWII, right?
Another U.S. bank bit the dust. AaronP/Bauer-Griffin/GC Images via Getty Images

Recent banking crises are rooted in a system that rewards excessive risk‑taking – as First Republic’s failure shows

The cause of banking crises since the debacle in the 1980s remains unchanged. Incentives encourage executives to take excessive risks, with few consequences if bets turn bad. It’s happening again.
People wearing face masks walk in front of a euro sign in the center of Frankfurt am Main, Germany (October 21, 2020). Yann Schreiber/AFP

Capitalism and the coronavirus crisis: the coming transformation(s)

The global economy is currently experiencing its severest contraction since the 1930s. While capitalism will survive, its fundamental structure can change at critical historical junctures.

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