Five years ago, in the immediate aftermath of the global financial crisis of autumn 2008, I spoke to Andrew Gamble, professor of politics at Cambridge, about a book he’d just published. “The Spectre at the Feast: Capitalist Crisis and the Politics of Recession” was an anatomy of crisis in which Gamble distinguished between genuine crises of capitalism, which are structural, and mere economic recessions, which are not. The present crisis, which began in 2008, is the third such structural crisis to have befallen the international market order, following those of the 1930s and the 1970s. Back in 2009, Gamble told me that a crisis of capitalism is a “prolonged period of political and ideological impasse.” Understanding the current impasse is the aim of Gamble’s new book, “Crisis Without End? The Unravelling of Western Prosperity“.
Crisis without end? A conversation with Andrew Gamble
The 12th edition of Prospect's monthly podcast
After Lehman Brothers tumbled, leaders fell like dominoes. Recession unleashed a raging...