Crashed: How a Decade of Financial Crises Changed the World

in Crashed, Adam Tooze explores the interrelated economic meltdowns of the past decade and the resultant political actions. The approach is perhaps too detailed. However, in some ways it needs the details to bring out the relationships between activities in many different companies and countries. He openly admits a left-of-center viewpoint with that calls in to question some of the decisions made. (The investment bankers that really triggered the mess were the ones to quickly recover their full bonuses. The average Joe, however, often suffered through demands of austerity.) Governments often have a "built in" stimulus that triggers increased benefits (such as unemployment) when the economy takes a turn for the worse. Cutting government spending for these can further extend the pain of the recession.
The economic malaise also triggered social and political issues, thus contributing to the refugee crisis. These factors contributed to a call for nativism in many developed countries. People wanted were upset with free trade and the largess of the investment bankers, and instead wanted politicians that would focus on the home. In Europe, this led to the rise of many far-left and far-right parties and Brexit. In the US, with the entrenched 2 party system, this led to a takover of the Republican Party by the Tea Party and then Trump. The "Liberal Technocrats" consider this to just be a blip, disregarding the desires of a great portion of the populace. The end result, however, it Republicans often pushing many of the same things that they had fought against when Democrats were in power (such as "stimulus")
The book does a good job of explaining why it is so challenging for democracies to run a global economic scheme.