Videos

1. War and Inflation: The World Economy in the Grip of Polycrisis
   • Profile
     • This session will begin with a keynote address by Adam Tooze, who holds the Shelby Cullom Davis chair of History at Columbia University and serves as Director of the European Institute.
     • In 2019, Foreign Policy Magazine named him one of the top Global Thinkers of the decade.
       The keynote address will be followed by a conversation with Suman Bery and Yamini Aiyar.
   • Videos
     • War and Inflation: The World Economy in the Grip of Polycrisis
       Channel:- Centre for Policy Research
       Published On:- 2022-October-11th
       Date Added:- 2022-November-25th
       Link

Transcripts

War and Inflation: The World Economy in the Grip of Polycrisis

1. Covid
   • 20% fall in global GDB in a matter of weeks
   • In the great depression, we got to 20% fall in a matter of months
2. Financial Stabilization
   • Bond Market
   • Fantasy Thinking
     • It led to Fantasy Thinking, if we can do this there is nothing practically we can not do
     • The politics became what is the politics of this
3. Energy subsidy
   • Germany allocated 5% of its GDP to energy stabilization
   • They followed Britain
   • Imagine if that a lower rated economy had thought out loud of doing the same
4. John Maynard Keynes
   • Anything we can actually do, we can afford
   • Financial Constraints is an illusion
   • The reality of the economy is what actually matters
   • what you can organize, what you can politically do
   • We can finance it.  The point is can we organize and do it.
5. Leftist argument
   • I made an argument against the leftish
   • It is not let this left bend that the left think it is
   • I made a contrarian argument
   • It simply was one where “everything has to change so that nothing has to change“