Economic crisis in the Anthropocene by Adam Tooze & Elmira Bayrasli

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The COVID-19 pandemic has triggered the fastest and most comprehensive contraction in global economic activity on record. As crises proliferate – not least because of climate change – the successes and failures of the pandemic response should serve as lessons for governments around the world.

Transcription

Elmira Bayrasli: welcome to Opinion has it. I am Elmira Bayrasli.

Archival Recording, Prime Minister Boris Johnson: Good evening. The coronavirus is the biggest threat this country has faced in decades. And this country is not alone.

Archival Recording, President Donald Trump: Today the World Health Organization officially announced that this is a global pandemic.

Archival Recording, Queen Elizabeth II: I speak to you at what I know to be an increasingly difficult time.

EB: The COVID-19 pandemic is unprecedented in many ways. It spread across the world like wildfire, it caused the fastest-ever contraction in global economic activity, and it spurred record-breaking government interventions.

Archival recording: Congressional leaders appear to have come to an agreement on what is by far the biggest stimulus package in U.S. history.

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