Megathreats : Ten Dangerous Trends that Imperil Our Future, and How to Survive Them – Roubini Nouriel (2022)

The bestselling author of Crisis Economics argues that we are heading toward the worst economic catastrophe of our lifetimes unless we can defend against ten terrifying threats. Renowned economist Nouriel Roubini was nicknamed “Dr. Doom” until his prediction of the 2008 housing crisis and Great Recession came true, when it was too late. Now he returns with a much scarier prediction, one that we ignore at our peril. No fewer than ten overlapping, interconnected threats are so serious that he calls them megathreats. They range from the worst debt crisis the world has ever seen and governments creating too much money, to borders blocked to workers and many shipments of goods, the rise of a new superpower competition between China and the United States, and climate change striking directly at the world’s most populated cities. We face not one or two, but ten causes of disaster. There is a slight chance of avoiding them if we come to our senses, but we must act now. In the 1970s, the United States faced stagflation, with high inflation combined with stagnant employment and growth. Today, we are heading toward a Great Stagflation that will make the 1970s look like a walk in the park.