capitalism

Book review – Less is More: How Degrowth Will Save the World

10-minute read
keywords: degrowth, economics

I have been promising/threatening for a while to cover degrowth, and thanks to a United States Society for Ecological Economics book club, now I will. In Less is More, economic anthropologist Jason Hickel identifies capitalism as the cause of our problems—the sort of criticism that makes many people really uncomfortable. Fortunately, he is an eloquent and charismatic spokesman who patiently but firmly walks you through the history of capitalism, exposes flaws of proposed fixes, and then lays out a litany of sensible solutions. It quickly confirms that sinking feeling most of us will have: that the economy is not working for us. What is perhaps eye-opening is that this is not by accident, but by design.

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Book review – The Progress Illusion: Reclaiming Our Future from the Fairytale of Economics

9-minute read
keywords: economics

Do you know what warms the cockles of my heart? A neoclassically trained economist turning on his own education and discipline. That describes the career trajectory of economist Jon D. Erickson. The Progress Illusion is part history lesson of how neoliberal economics ended up on top, part manifesto for a different economy. For Erickson, the answers lie in the emerging discipline of ecological economics. Though there is much to like here, I did notice some curious omissions.

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Book review – The Value of a Whale: On the Illusions of Green Capitalism

9-minute read
keywords: climate change, economics

In an attempt to address climate change and other environmental problems, governments are increasingly turning to economic solutions. The underlying message is clear: capitalism might have created the problem, but capitalism can solve it. Adrienne Buller, a Senior Fellow with progressive think tank Common Wealth, is, to put it mildly, sceptical of this. From carbon credits to biodiversity offsets, she unmasks these policies for the greenwashing that they are. The Value of a Whale is a necessary corrective that is as eye-opening as it is shocking.

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Book review – Regenesis: Feeding the World Without Devouring the Planet

8-minute read
keywords: agriculture, environmental issues, food

Do you eat? Then you might wish to consider that farming is destroying the planet. Or so argues Guardian columnist and environmental campaigner George Monbiot, who is never one to shirk controversy. I have a lot of time for Monbiot. I might not agree with everything he has written over the years, but I find his ideas to be driven by sound logic and appropriate scepticism. He is neither afraid to admit his mistakes nor to piss people off by saying things they do not want to hear. In that sense, Regenesis is a necessary provocation.

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Book review – The European Guilds: An Economic Analysis

8-minute read

This review is a case of one book leading to another. When I read Carl Benedikt Frey’s The Technology Trap, one argument he raised as to why the Industrial Revolution arrived as late as it did, was the resistance to innovation by guilds. But beyond certain vague and probably romantic notions, what do I really know about medieval guilds? And thus I found myself sitting down with The European Guilds, a hefty 645-page book by economic historian Sheilagh Ogilvie, published in The Princeton Economic History of the Western World series. This meticulously argued book crushes the idea that guilds served the common good. Instead, argues Ogilvie, through their profiteering they held Europe in an economic stranglehold that lasted for centuries.

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Book review – Escape from Rome: The Failure of Empire and the Road to Prosperity

7-minute read

I will happily shoehorn a Monty Python reference into any conversation, but in this case historian Walter Scheidel beat me to it. What did the Roman Empire ever do for us? It fell and never returned—and with it, it paved the way for modernity. That, in one sentence, is the bold idea Scheidel puts forth here. And rather than ask why Rome fell, he has far more interesting questions for you. Why did nothing like it arise ever again in Europe? Why did it arise in the first place? And how did this influence the way Europe came to dominate the world much later? Escape from Rome is a brilliantly subversive book that offers a refreshingly novel look at how Europe got to where it is now.

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Book review – The Great Acceleration: An Environmental History of the Anthropocene Since 1945

7-minute read

Something happened to the world sometime after 1945. Something that included the end of World War II and post-war recovery, but was far more fundamental than that.

Humanity went into overdrive.

In my reading on the Anthropocene, this book and this phrase keep cropping up. The Great Acceleration gives a bird’s-eye view of the environmental history of our world since the 1950s. A period when multiple factors—technological, medical, and demographical—converged to propel the human species onto a trajectory of unprecedented growth.

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Book review – Cataclysms: An Environmental History of Humanity

6-minute read

What is the price of humanity’s progress? The cover of this book, featuring a dusty landscape of tree stumps, leaves little to the imagination. In the eyes of French journalist and historian Laurent Testot it has been nothing short of cataclysmic. Originally published in French in 2017, The University of Chicago Press published the English translation at the tail-end of 2020.

Early on, Testot makes clear that environmental history as a discipline can take several forms: studying both the impact of humans on the environment, and of the environment on human affairs, as well as putting nature in a historical context. Testot does all of this in this ambitious book as he charts the exploits of Monkey—his metaphor for humanity—through seven revolutions and three million years.

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Book review – Techno-Fix: Why Technology Won’t Save Us or the Environment

9-minute read

The best way to introduce this book is to quote the first sentence of the blurb: “Techno-Fix challenges the pervasive belief that technological innovation will save us from the dire consequences of the 300-year fossil-fuelled binge known as modern industrial civilization“. Stinging, provocative, and radical, Techno-Fix puts its fingers on many a sore spot with its searing critique.

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Book review – The Technology Trap: Capital, Labor, and Power in the Age of Automation

8-minute read

The robot apocalypse has become a well-worn trope that will elicit laughter more than concern. But there is a far more direct threat from artificial intelligence or AI: economic disruption. Technology can and has taken jobs away from humans. I first started taking this idea more seriously after watching CGP Grey’s short documentary Human Needs Not Apply. If you enjoyed that video, this book is the must-read follow-up. Economist and historian Carl Benedikt Frey provides a soundly argued and clearly written book on the history of technological revolutions and what lessons these hold for future job security.

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