The cycle of death... Why is the global economic system sliding into chaos?

The world is witnessing a shift in the balance of economic power, market-oriented liberal democracies are facing increasing internal unrest, and international trade and financial integration is collapsing. \How did we get to this point?\In his book The Doom Loop, economist Eswar Prasad argues that the forces we long thought could stabilize the world order are fueling its destabilization. Instead of promoting shared prosperity, globalization has deepened economic inequality, sparked political backlash, and escalated trade wars. Institutions such as the International Monetary Fund and the World Trade Organization, which were established to promote international cooperation, have failed to adapt to the reality of the twenty-first century. The rise of “middle-power” countries e.gIndia, Brazil and Indonesia once pointed to a stable multipolar future, but today, these countries are increasingly forced to take sides as the United States and China struggle for global dominance.Prasad argues that we are stuck in a destructive vicious cycle between economics, domestic politics and geopolitics. The book “The Circle of Doom” presents a clear and exciting vision of a world sliding into chaos, and confirms that old solutions cannot extricate us from this situation, but rather we need radical new solutions to solve the world’s problems.