Show Notes
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#destructiveeconomicfeedbackloop #globalizationbacklash #fragmentedinternationalinstitutions #USChinamultipolarrivalry #AIdriveninequality #TheDoomLoop
The Doom Loop: Why the World Economic Order Is Spiraling into Disorder is a work of nonfiction political economy by Eswar S. Prasad, an economist known for writing on globalization, capital flows, monetary systems, and international economic governance. The book examines why the structures that once supported postwar stability now appear increasingly unable to manage conflict, inequality, technological disruption, and geopolitical rivalry. Its central idea is that the world economy is trapped in a self reinforcing cycle in which economic shocks intensify domestic political resentment, political resentment weakens international cooperation, and weakened cooperation produces further economic and geopolitical instability. Rather than treating trade wars, populism, institutional decay, and US-China rivalry as separate crises, Prasad links them within one analytical framework. The purpose of the book is diagnostic as well as reform oriented: it explains how the global order became fragile and argues that avoiding deeper disorder will require pragmatic institutional reform, better domestic safety nets, and rules suited to a more multipolar world.