Welcome to the World of the Polycrisis

Highlighting the connections between economic and non-economic shocks to the world, Adam Tooze proposes that “A problem becomes a crisis when it challenges our ability to cope and thus threatens our identity. In the polycrisis the shocks are disparate, but they interact so that the whole is even more overwhelming than the sum of the parts.” Tooze further argues that the crises of the past 15 years are different from earlier ones because “it no longer seems plausible to point to a single cause and, by implication, a single fix.”