When you hear "2008 financial crisis," is your first thought "proof that the global economy works"? Mine neither, but in his new book, provocatively titled The System Worked, Dan Drezner makes a strong case that it should be.
Drezner, an international relations professor at the Fletcher School of Law and Diplomacy at Tufts University and popular world affairs writer, thinks the financial crisis should have been a whole lot worse. At the beginning, it actually looked like it was going to be worse than the Great Depression. But then something miraculous happened: the global economy didn't collapse. By working together to keep trade free and capital flowing, the world's major powers and economic institutions prevented us from re-running of 1929.
Drezner and I sat down to talk about why he thinks the global economy is doing OK despite American and European woes, whether he thinks we could weather another financial collapse, and whether global cooperation to save the global economy means the world might get its act together to do something about climate change. What follows is a transcript of our conversation, edited for length and clarity.
Read the full interview