What is the link between economic crises and political ruptures?
New research uncovers the subtle interaction between economic and social forces
WHEN DO ECONOMIC crises have destabilising political effects? Economic anxiety in the aftermath of the global financial crisis of 2007-09 sparked a political backlash—fuelling, for instance, the Brexit campaign in Britain. President Donald Trump drew support from America’s neglected rust belt. The Depression of the 1930s wrought much more devastating political consequences in Europe. The question seems pertinent again, given the economic and social trauma caused by the covid-19 pandemic.
This article appeared in the Finance & economics section of the print edition under the headline “Hard lessons”
Finance & economics January 23rd 2021
- Will Joe Biden’s fiscal stimulus overheat the American economy?
- Supply bottlenecks are pushing up costs for manufacturers
- Have banks now got too much cash?
- China’s regional gap is worsening
- A Swiss money-laundering probe raises disturbing questions
- Property investment: some hard truths
- What is the link between economic crises and political ruptures?
From the January 23rd 2021 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
China’s financial system is under brutal pressure
When will something break?