Against "polycrisis" - by Noah Smith - Noahpinion

We have lots of problems, but they're not mutually self-reinforcing

“Hypodermics on the shore/ China’s under martial law/ Rock & roller cola wars/ I can’t take it anymore” — Billy Joel One term I see used increasingly often in the econ opinion-sphere is “polycrisis”. This term was invented by some French folks in decades past, but it has recently been popularized by Adam Tooze. Tooze, a historian at Columbia and a popular blogger, is also the author of some of my favorite history books, including The Deluge (about WW1), Wages of Destruction (about WW2), and Crashed. The latter is the best history of the early 2010s Euro crisis that I’ve ever read (or am…

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