The Doom Loop

Why the World Economic Order Is Spiraling into Disorder

By: Eswar S. Prasad

Narrated by: Mack Sanderson

The acclaimed economist and author of The Future of Money argues that the forces meant to stabilize the world’s economy are in fact driving global instability.

Global economic power is shifting, liberal market-oriented democracies face growing domestic turmoil, and international trade and financial integration is crumbling. How did we get here?

In The Doom Loop, economist Eswar Prasad argues that the very forces that we long believed could stabilize the world order are fueling its destabilization. Rather than promoting shared prosperity, globalization has instead deepened economic inequality, stoked political backlash, and prompted escalating trade wars. Institutions like the International Monetary Fund and World Trade Organization, founded to foster international cooperation, have failed to adapt to twenty-first-century realities. The rise of “middle power” countries like India, Brazil, and Indonesia once suggested a stable multipolar future, but today, such nations are increasingly forced to pick sides as the United States and China fight for global dominance.

Prasad argues that we are caught in a destructive feedback loop between economics, domestic politics, and geopolitics. The Doom Loop offers a clear-eyed and bracing account of a world spiraling into disorder, and makes it clear that old solutions cannot pull us out—we need radically new solutions to solve the world’s problems.

©2026 Eswar S. Prasad (P)2026 Blackstone Publishing

Globalization was the greatest

The Future of money is one of the most approachable books on global economics ever written. Imagine my disappointment that the follow up book is a sermon on the benefits of globalization. We have spent 70 years life cycling the future through the derivative economy and appearently that wasn’t an issue until Nationalists started getting elected.

Nationalists got elected because of the inequality created by Globalization of the economy. Eswar completely ignores this and launches a series of theologically driven tirades about how gloabalization made everything better by offloading US inflation on the third world and bankrupting children that haven’t even been born yet in the first world. This book is more out of touch with reality than the pit boys from mad max.