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Megathreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them - Paperback | Diverse Reads

Megathreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them

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"Read and pay attention" (Martin Wolf, the Financial Times): the bestselling author of Crisis Economics argues we are heading toward the worst economic catastrophe of our lifetimes, unless we can defend against ten terrifying threats.

Renowned economist Nouriel Roubini was nicknamed “Dr. Doom,” until his prediction of the 2008 housing crisis and Great Recession came true—when it was too late. Now he is back with a much scarier prediction, one that we ignore at our peril. There are no fewer than ten overlapping, interconnected threats that are so serious, he calls them Megathreats. From the worst debt crisis the world has ever seen, to governments pumping out too much money, to borders that are blocked to workers and to many shipments of goods, to the rise of a new superpower competition between China and the U.S., to climate change that strikes directly at our most populated cities, we are facing not one, not two, but ten causes of disaster. There is a slight chance we can avoid them, if we come to our senses—but we must act now.
 
In the 1970s, the U.S. faced stagflation: high rates of inflation combined with stagnant employment and growth. Today, we are heading toward a Great Stagflation that will make the 1970s look like a walk in the park.

ISBN-13: 9780316284349

Media Type: Paperback

Publisher: Back Bay Books

Publication Date: 11-07-2023

Pages: 336

Product Dimensions: 8.90h x 5.90w x 0.90d

Nouriel Roubini is a professor of economics at New York University's Stern School of Business and the founder and chairman of Roubini Global Economics. He has served in the White House and the U.S. Treasury. He lives in New York City.

Table of Contents

Prologue 3

Part I Debt, Demographics, and Dangerous Policies

Chapter 1 The Mother of All Debt Crises 11

Chapter 2 Private and Public Failures 30

Chapter 3 The Demographic Time Bomb 47

Chapter 4 The Easy Money Trap and the Boom-Bust Cycle 59

Chapter 5 The Coming Great Stagflation 87

Part II Financial, Trade, Geopolitical, Technological, and Environmental Catastrophes

Chapter 6 Currency Meltdowns and Financial Instability 113

Chapter 7 The End of Globalization? 144

Chapter 8 The AI Threat 167

Chapter 9 The New Cold War 189

Chapter 10 An Uninhabitable Planet? 216

Part III Can This Disaster Be Averted?

Chapter 11 Dark Destiny 241

Chapter 12 A More "Utopian" Future? 261

Epilogue 269

Acknowledgments 275

Notes 279

Index 299