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Crashed: How a Decade of Financial Crises Changed the World

Book by Adam Tooze · 3 quotes · Free Market, George W Bush, Global Financial Crisis

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Crashed: How a Decade of Financial Crises Changed the World Quotes

“By 2008 the Bush administration had lost the battle. And the financial crisis clinched the impression of disaster. It was a stark historical denouement. In the space of only five years, both the foreign policy and the economic policy elite of the United States, the most powerful state on earth, had suffered humiliating failure. And, as if to compound the process of delegitimatization, in August 2008 American democracy made a mockery of itself too. As the world faced a financial crisis of global proportions, the Republicans chose as John McCain's vice presidential running mate the patently unqualified governor of Alaska, Sarah Palin, whose childlike perception of international affairs made her the laughingstock of the world. And the worst of it was that a large part of the American electorate didn't get the joke. They loved Palin.”

George W BushUs Foreign PolicySarah PalinGlobal Financial CrisisUs Economic Policy
Book:Crashed: How a Decade of Financial Crises Changed the World
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“When Germany and Russia signed the first Nord Stream pipeline deal in 2005, enormously increasing the flow of Gazprom's gas to the West, it was denounced by Poland’s foreign minister as a second coming of the Hitler-Stalin Pact that had sealed Poland’s fate in 1939. When Moscow tweaked Ukraine’s gas prices over the winter of 2005-2006, it only confirmed the Poles’ worst fears.”

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Book:Crashed: How a Decade of Financial Crises Changed the World
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