profit

Book review – The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

8-minute read

From the food we eat and the fuel we burn to the materials that make up our everyday objects—we live in a material world. The traders who get these commodities from producers to consumers are key players in the world economy, yet also some of the most secretive and least scrutinised. Javier Blas and Jack Farchy are two journalists who report on energy and natural resources for Bloomberg News. In The World for Sale, they rip the veil off this sector, exposing the often dubious and amoral ways in which some trading houses have amassed staggering fortunes. I expect that this eye-popping exposé, which sometimes reads more like a crime novel, will be warmly welcomed by both seasoned readers of business books and inquisitive passers-by.

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Book review – Future Sea: How to Rescue and Protect the World’s Oceans

7-minute read

In his book Half-Earth, the famous biologist E.O. Wilson proposed setting aside half of the planet’s surface for conservation purposes. Deborah Rowan Wright will do you one better; given how important they are for life on the planet, how about we completely protect the oceans. What, all of it? Yes, not half, all of it. We need a gestalt shift, from “default profit and exploitation to default care and respect” (p. 11). Such a bold proposal is likely to elicit disbelief and cynicism—”Impossible!”—and Wright has experienced plenty of that. But hear her out, for sometimes we are our own worst enemy. Future Sea is a surprisingly grounded, balanced, and knowledgeable argument that swayed me because, guess what, the oceans are already protected.

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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 – Rage Inside The Machine: The Prejudice of Algorithms, and How to Stop the Internet Making Bigots of Us All

7-minute read

There is an amusing and slightly acerbic acronym that has stuck with me from my days working at a computer helpdesk for an international oil firm: PICNIC. Short for “problem in chair, not in computer”, my colleagues used it as code whenever an employee rocked up at our helpdesk with a complaint or problem that was due to human clumsiness rather than malfunctioning hardware. “Did you check that the printer was plugged into the power socket?”

Nevertheless, says Artificial Intelligence (AI) researcher Robert Elliott Smith, our blind faith in computers and the algorithms that run them is misguided. Based on his 30 years experience working with AI, the aptly titled Rage Inside the Machine takes the reader on a historical tour of computing to show how today’s technology is both less amoral and more prejudiced than we give it credit for.

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Book review – The Internet Trap: How the Digital Economy Builds Monopolies and Undermines Democracy

The internet was supposed to be the great leveller. A revolutionary new medium that would allow anyone, anywhere to share his views and opinions with the world. A medium that would lead to robust and civil discourse amongst the citizens of planet Earth, with people holding different viewpoints exchanging ideas and finding inspiration. It would spell the end of big companies, with “competition being only a click away”, and numerous promising startups hiding in garages everywhere, ready to burst onto the scene. With the cost of reproduction and distribution approaching zero, anyone could start a blog, be a journalist, be heard!

Now take another good look around you. Where is the internet that we were promised?

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