2023 Crisis is the new normal w/ James Meadway

Politics Theory Other

James Meadway returns to discuss his predictions for the world economy in the year ahead, and why the notion of the polycrisis - while in some ways useful - fails to reckon with the fact that in a world of increasingly frequent severe weather events, climate disasters, and greater interstate rivalry, the notion of any kind of time-bounded crisis is increasingly at odds with reality. We talked about the prospect of debt defaults in the global south, why mainstream economics is failing to factor the deteriorating ecosphere into its modelling, and finally we talked about the UK and the question as to whether or not the country is now in a unique moment of economic decline.