Tooze explains that the German economy was planning for a long war.
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Piketty and Tooze didn't set out to explain how humanity climbed onto the doomsday treadmill.
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Piketty and Tooze are right about structural features of inequality and how
the makers of catastrophe became its beneficiaries.
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Crashed: How a Decade of Financial Crises Changed the World(2018)
by the British historian Adam Tooze also leaves a sinking feeling:
the 2008 crisis couldn't even fail right!
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If Schumpeter's work pointed to
crises as opportunities for movement and progress, Tooze tells the story of an establishment refusing to learn from the crisis it made.