Megathreats — an avalanche of coming disasters

Economist Nouriel Roubini, who predicted the 2008 crash, warns of disturbingly plausible calamities, from climate to currency and debt crises.

The one million or so refugees who entered the EU in 2015 is only the prelude to the vast migrations of peoples to come. PHOTO: PIXABAY
Gift this subscriber-only story to your friends and family

At least there were only four horsemen of the apocalypse. But reflecting today’s rampant inflation, economist Nouriel Roubini now identifies 10 so-called megathreats, spanning various economic, financial, political, technological and environmental disasters, in his new book Megathreats: Ten Dangerous Trends That Imperil Our Future, And How To Survive Them. “Sound policies might partially or fully avert one or more of them, but collectively, calamity seems near certain,” Dr Roubini jauntily concludes. “Expect many dark days, my friends.”

Readers of a nervous disposition may want to file this book in the bin before they turn a page. Those braced for an ice bath of pessimism may profit from its gloomy insights about the state of the world. Dr Roubini’s warnings may be alarmingly scary, but they are also disturbingly plausible. One only prays that policymakers have better solutions than the author unearths.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.