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Pitchfork Economics with Nick Hanauer

How Covid shook the world’s economy (with Adam Tooze)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 7 September 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

There have been far more lethal pandemics than Covid-19, but the scale of our response to Covid-19 is dramatically new. For the first time in human history, our civilization made a collective decision to shut much of the world economy down. Contemporary historian Adam Tooze helps us understand what happened, why it happened, and how we can learn from it. Sign up for our new weekly newsletter, The Pitch: https://civicventures.substack.com/ Adam Tooze holds the Shelby Cullom Davis chair of History at Columbia University and serves as Director of the European Institute. In 2019, Foreign Policy Magazine named him one of the top Global Thinkers of the decade. His most recent book, Shutdown: How Covid Shook the World’s Economy, is out now. Twitter: @adam_tooze Shutdown: How Covid Shook the World’s Economy: https://bookshop.org/books/shutdown-how-covid-shook-the-world-s-economy/9780593297551 Check out the Unf*cking The Republic podcast at https://www.unftr.com Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

Hey, pitchfork listeners. I want to tell you about another podcast. We think you'll like,

0:05.5

it's a smart show with a dirty name, the tackles. A lot of the same issues we talk about here on

0:11.1

pitchfork economics. It's called Uneffing the Republic. Not its real name, but you know what I mean.

0:17.6

So just type in the swear word and you'll find it in Apple podcasts or wherever you get your

0:22.4

podcast. The show breaks down complicated issues with practical policy examples and outcomes

0:28.4

and an appropriate amount of outrage and swearing. They don't just shoot from the hip,

0:33.6

even when they're talking about our joint nemesis Milton Friedman, a recurring character in the show.

0:40.0

In fact, I recently listened to their episode, F Milton Friedman. Again, not the real title,

0:46.7

but we don't have an explicit rating and don't want to get one. And I loved it. Deep dive on

0:52.0

Milton Friedman and how he really effed up our economy. So listen now at UNFTR.com or search UNFTR

1:02.7

on your favorite podcast app. Whenever you talk to people, the conversation almost inevitably

1:10.1

drifts to what was it like for you and your family when the pandemic began and how did you respond,

1:17.1

how has your life changed? It's fascinating to get a historian's take on current events.

1:23.2

Billions of people furloughed all over the world, family life disrupted by kids big-set homes from

1:28.0

school, everywhere in the world simultaneously. Like, there's never been anything like that before.

1:37.4

From the home offices of civic ventures in downtown Seattle, this is pitchfork economics,

1:42.5

with Nick Hanauer, the best place to get the truth about who gets what and why.

1:53.6

I'm Nick Hanauer, founder of Civic Ventures. I'm David Goldstein, senior fellow at Civic Ventures.

2:05.0

So Nick, every morning I wake up and wish that this whole COVID pandemic was over

2:11.7

and history. Yeah, yeah, that it was history. And one encouraging sign that it might be

2:17.3

is that there's a new book on the crisis by historian Adam Tuz shut down how COVID shook the world's

2:26.6

economy. And that's written in the past tense. And I'd like to believe it's true.

...

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