Protesters against government bailouts gather during the 2008 global financial crisis. The roots of today’s global economic woes date back to the failures of 2008 and beyond. Photo: AP
Opinion
Opinion
Macroscope
Don’t single out Russia or Ukraine war for the parlous state of the global economy
- For too long, we have papered over the systemic cracks as one crisis fed into another, sowing the seeds for today’s debt mountain, spiralling inflation and more
- Unless the underlying causes are addressed, the war could push us towards the crisis to end all crises
Protesters against government bailouts gather during the 2008 global financial crisis. The roots of today’s global economic woes date back to the failures of 2008 and beyond. Photo: AP