A COSMOPOLITAN LAWYER: JUST SOME READINGS I HAVE ENJOYED LATELY

First, this blog replaces my previous blog, thecosmoplitanlawyerblogspot.com . Second, unlike that earlier blog, the present one is primarily meant as a record of my readings. It is not meant to suggest that others will be or should be interested in what I read. And third, in a sense, it is a public diary of one who is an alien in his own American culture. A person who feels at home just about anywhere, except in his birthplace . . . America.

Tuesday, August 28, 2018

THE ROAD TO, AND CONSEQUENCE OF, THE 2008 FINANCIAL CRASH

Adam Tooze, Crashed: How a Decade of Financial Crises Changed the World (New York: Viking, 2018) ("What made the collapse of 2008 so severe was its extraordinary global synchronization. Of the 104 countries for which the World Trade Organization collects data, every single one experienced a fall in both imports and exports between the second half of 2008 and the first half of 2009. Every country and every type of traded goods, without exception, experienced a decline." Id. at 159. "Precisely how many people lost their jobs across the global economy depends snout guess as to joblessness among China's migrant workforce. But reasonable estimates range between 27 million and something closer to 40 million unemployed worldwide." Id. at 160.).