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"SPIEGEL Live" podcast on historical crises - can we learn from them?

2020-10-26T17:41:46.640Z

Whether the South Sea bubble or the plague - there have always been crises that have shaken our society and economy. Hear in the podcast what we can do better with a view to the history of the corona pandemic.



The "Babylon Berlin" series recently recalled the global economic crisis at the end of the 1920s.

What parallels are there to our time, a hundred years later?

A look at history can perhaps help to avoid the total economic collapse in the corona pandemic.

Because whether the South Sea bubble, the tulip crisis or bank failures - economic crises have always existed.

SPIEGEL STORY 5/2020 Arrow to the right

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Crashes & Crises: How They Started Revolutions and Produced Dictators

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Each of these crises has left its mark.

People not only lose their money and their jobs, but also their trust in political systems.

The people are becoming more susceptible to captors and autocrats.

Nevertheless, every breakdown also produces crisis winners who were in the right place at the right time.

Money and greed drove them to forget about morality and decency.

The hope of easy money seems to cloud the mind.

Karl Marx made capitalism responsible for economic crises in the 19th century and predicted its collapse.

So far, the economy has always recovered.

And not all crises are the same.

Dealing with the collapse was sometimes better, sometimes worse.

SPIEGEL editor Eva-Maria Schnurr discusses the crises you can really learn from with historian Michael North.

Curious?

Then just click on the play arrow at the beginning of the article and listen to the new episode of our podcast "SPIEGEL Live" - ​​The Talk.

It was created in cooperation with the Bucerius Kunst Forum.

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Source: spiegel

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