Rupert Read

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Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis by Scott Patterson

"World Economic Forum" Davos, 2021 United States Capitol attack, 4chan, Alan Greenspan, Albert Einstein, asset allocation, backtesting, Bear Stearns, beat the dealer, behavioural economics, Benoit Mandelbrot, Bernie Madoff, Bernie Sanders, bitcoin, Bitcoin "FTX", Black Lives Matter, Black Monday: stock market crash in 1987, Black Swan, Black Swan Protection Protocol, Black-Scholes formula, blockchain, Bob Litterman, Boris Johnson, Brownian motion, butterfly effect, carbon footprint, carbon tax, Carl Icahn, centre right, clean tech, clean water, collapse of Lehman Brothers, Colonization of Mars, commodity super cycle, complexity theory, contact tracing, coronavirus, correlation does not imply causation, COVID-19, Credit Default Swap, cryptocurrency, Daniel Kahneman / Amos Tversky, decarbonisation, disinformation, diversification, Donald Trump, Doomsday Clock, Edward Lloyd's coffeehouse, effective altruism, Elliott wave, Elon Musk, energy transition, Eugene Fama: efficient market hypothesis, Extinction Rebellion, fear index, financial engineering, fixed income, Flash crash, Gail Bradbrook, George Floyd, global pandemic, global supply chain, Gordon Gekko, Greenspan put, Greta Thunberg, hindsight bias, index fund, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), Jeff Bezos, Jeffrey Epstein, Joan Didion, John von Neumann, junk bonds, Just-in-time delivery, lockdown, Long Term Capital Management, Louis Bachelier, mandelbrot fractal, Mark Spitznagel, Mark Zuckerberg, market fundamentalism, mass immigration, megacity, Mikhail Gorbachev, Mohammed Bouazizi, money market fund, moral hazard, Murray Gell-Mann, Nick Bostrom, off-the-grid, panic early, Pershing Square Capital Management, Peter Singer: altruism, Ponzi scheme, power law, precautionary principle, prediction markets, proprietary trading, public intellectual, QAnon, quantitative easing, quantitative hedge fund, quantitative trading / quantitative finance, Ralph Nader, Ralph Nelson Elliott, random walk, Renaissance Technologies, rewilding, Richard Thaler, risk/return, road to serfdom, Ronald Reagan, Ronald Reagan: Tear down this wall, Rory Sutherland, Rupert Read, Sam Bankman-Fried, Silicon Valley, six sigma, smart contracts, social distancing, sovereign wealth fund, statistical arbitrage, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, systematic trading, tail risk, technoutopianism, The Chicago School, The Great Moderation, the scientific method, too big to fail, transaction costs, University of East Anglia, value at risk, Vanguard fund, We are as Gods, Whole Earth Catalog

So the question is this: how can we even think about designing for a future that we can’t imagine?” Taleb’s response drew directly on the work he’d done with Rupert Read as well as lessons from Antifragile. “If I am hit with a big stone I will be harmed a lot more than if I were pelted serially with pebbles of the same weight,” he wrote. The big stone was Taleb’s ruin problem. “Now that we have this principle, let us apply it to life on earth,” he wrote. “This is the basis of the non-naïve Precautionary Principle that the philosopher Rupert Read and I are in the process of elaborating, with precise policy implications on the part of states and individuals.

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As the world entered the third decade of the Third Millennium, it was as if many homeowners, uncertain about the prospect of a fire or flood, had decided against buying insurance at all. Even worse, they didn’t have other homes to move into. In other words, it was a ruin problem. It was just such problems that prompted Taleb, Bar-Yam, Norman, and another collaborator, the English philosopher and climate activist Rupert Read, in 2014, to write “The Precautionary Principle,” a preview of the January 2020 note that recommended dramatic, immediate action to stop the spread of Covid-19 despite overwhelming uncertainty about its properties. The precautionary principle itself is designed to guide actions and policies in the realms of uncertainty and risk “in cases where the absence of evidence and the incompleteness of scientific knowledge carries profound implications and in the presence of risks of ‘Black Swans,’ unforeseen and unforeseeable events of extreme consequence,” Taleb and his coauthors wrote in the 2014 paper.

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Indeed, with the worsening effects of global warming, geopolitical instability, the crisis of democracy, the rapid advances in AI, the lingering pandemic and its endless Covid variants, and more, his forecast—made more than two decades ago—seemed eerily accurate. CHAPTER 16 THIS CIVILIZATION IS FINISHED Rupert Read—dapper, trim, sandy-haired Green Party politician, Oxford-educated philosopher, spokesman for the activist environmental group Extinction Rebellion—breathed in the crisp Alpine air as he stepped off a train in Davos Platz. Here he was in the very belly of the beast: Davos, Switzerland, home of the World Economic Forum’s annual gathering of the planet’s self-anointed movers and shakers, the millionaires and billionaires, the politicians and policy-makers.

Less Is More: How Degrowth Will Save the World by Jason Hickel

air freight, Airbnb, Anthropocene, basic income, Bernie Sanders, Big bang: deregulation of the City of London, biodiversity loss, Boris Johnson, Bretton Woods, British Empire, capital controls, circular economy, cognitive dissonance, coronavirus, corporate governance, corporate personhood, cotton gin, COVID-19, David Graeber, decarbonisation, declining real wages, degrowth, deindustrialization, dematerialisation, disinformation, Elon Musk, energy transition, Extinction Rebellion, extractivism, Fairphone, Fellow of the Royal Society, flying shuttle, Fractional reserve banking, Francis Fukuyama: the end of history, full employment, gender pay gap, green new deal, Greta Thunberg, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of the steam engine, James Watt: steam engine, Jeff Bezos, Jevons paradox, John Maynard Keynes: Economic Possibilities for our Grandchildren, land reform, liberal capitalism, lockdown, longitudinal study, low interest rates, Mahatma Gandhi, Mark Zuckerberg, McMansion, means of production, meta-analysis, microbiome, Money creation, moral hazard, mortgage debt, Murray Bookchin, Naomi Klein, negative emissions, new economy, ocean acidification, offshore financial centre, oil shale / tar sands, opioid epidemic / opioid crisis, out of africa, passive income, planetary scale, planned obsolescence, plutocrats, Post-Keynesian economics, quantitative easing, rent control, rent-seeking, retail therapy, Ronald Reagan, Rupert Read, Scramble for Africa, secular stagnation, shareholder value, sharing economy, Simon Kuznets, structural adjustment programs, the scientific method, The Spirit Level, transatlantic slave trade, trickle-down economics, universal basic income

Jason Hickel * * * LESS IS MORE How Degrowth Will Save the World Table of Contents PREFACEBy Kofi Mawuli Klu and Rupert Read of XR INTRODUCTIONWelcome to the Anthropocene Part OneMore is Less ONECapitalism – A Creation Story TWORise of the Juggernaut THREEWill Technology Save Us? Part TwoLess is More FOURSecrets of the Good Life FIVEPathways to a Post-Capitalist World SIXEverything is Connected Acknowledgements Endnotes About the Author Jason Hickel is an economic anthropologist, Fulbright Scholar and Fellow of the Royal Society of Arts. He is originally from Eswatini (Swaziland) and spent a number of years with migrant workers in South Africa, writing about exploitation and political resistance in the wake of apartheid.

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ALSO BY JASON HICKEL The Divide: A Brief Guide to Global Inequality and its Solutions We don’t have a right to ask whether we are going to succeed or not. The only question we have a right to ask is what’s the right thing to do? What does this Earth require of us if we want to continue to live on it? –Wendell Berry Preface A Vision Informed by Our Shared Vulnerablity, and by Our Solidarity By Kofi Mawuli Klu and Rupert Read of XR. Extinction Rebellion [XR] is sometimes criticised for having demands that are (too) hard to achieve. But it’s important to be clear about what XR is not: XR is not an all-purpose way of fixing our adrift civilisation. Rather, XR is the smoke-alarm. XR is the non-violent cutting edge of what Jason Hickel calls in this important new book, the ‘emergency brake’.

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The post-corona moment may be humanity’s last chance to learn from our shared vulnerability so as to create and realise a vision of a far more equal and far more sustainable world. Jason’s book interprets the world quite brilliantly. Join us now in changing it. Rebels for life, rebelling for life; Rupert Read and Kofi Mawuli Klu. England, April 2020. Introduction Welcome to the Anthropocene My heart is moved by all I cannot save. So much has been destroyed. I have cast my lot with those who, age after age, perversely, with no extraordinary power, reconstitute the world. Adrienne Rich Sometimes these realisations sneak up on you, like a quiet memory – just the slightest hint that something isn’t right.

Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb

anti-fragile, availability heuristic, behavioural economics, Benoit Mandelbrot, Bernie Madoff, Black Swan, Brownian motion, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, cellular automata, Claude Shannon: information theory, cognitive dissonance, complexity theory, data science, David Graeber, disintermediation, Donald Trump, Edward Thorp, equity premium, fake news, financial independence, information asymmetry, invisible hand, knowledge economy, loss aversion, mandelbrot fractal, Mark Spitznagel, mental accounting, microbiome, mirror neurons, moral hazard, Murray Gell-Mann, offshore financial centre, p-value, Paradox of Choice, Paul Samuelson, Ponzi scheme, power law, precautionary principle, price mechanism, principal–agent problem, public intellectual, Ralph Nader, random walk, rent-seeking, Richard Feynman, Richard Thaler, Ronald Coase, Ronald Reagan, Rory Sutherland, Rupert Read, Silicon Valley, Social Justice Warrior, Steven Pinker, stochastic process, survivorship bias, systematic bias, tail risk, TED Talk, The Nature of the Firm, Tragedy of the Commons, transaction costs, urban planning, Yogi Berra

Acknowledgments Ralph Nader; Ron Paul; Will Murphy (editor, advisor, proofreader, syntax expert and specialist); Ben Greenberg (editor); Casiana Ionita (editor); Molly Turpin; Mika Kasuga; Evan Camfield; Barbara Fillon; Will Goodlad; Peter Tanous; Xamer ‘Bou Assaleh; Mark Baker (aka Guru Anaerobic); Armand d’Angour; Alexis Kirschbaum; Max Brockman; Russell Weinberger; Theodosius Mohsen Abdallah; David Boxenhorn; Marc Milanini; ETH participants in Zurich; Kevin Horgan; Paul Wehage; Baruch Gottesman, Gil Friend, Mark Champlain, Aaron Elliott, Rod Ripamonti, and Zlatan Hadzic (all on religion and sacrifice); David Graeber (Goldman Sachs); Neil Chriss; Amir-Reza Amini (automatic cars); Ektrit Kris Manushi (religion); Jazi Zilber (particularly Rav Safra); Farid Anvari (U.K. scandal); Robert Shaw (shipping and risk sharing); Daniel Hogendoorn (Cambyses); Eugene Callahan; Jon Elster, David Chambliss Johnson, Gur Huberman, Raphael Douady, Robert Shaw, Barkley Rosser, James Franklin, Marc Abrahams, Andreas Lind, and Elias Korosis (all on paper); John Durant; Zvika Afik; Robert Frey; Rami Zreik; Joe Audi; Guy Riviere; Matt Dubuque; Cesáreo González; Mark Spitznagel; Brandon Yarkin; Eric Briys; Joe Norman; Pascal Venier; Yaneer Bar-Yam; Thibault Lécuyer; Pierre Zalloua; Maximilian Hirner; Aaron Eliott; Jaffer Ali; Thomas Messina; Alexandru Panicci; Dan Coman; Nicholas Teague; Magued Iskander; Thibault Lécuyer; James Marsh; Arnie Schwarzvogel; Hayden Rei; John Mast-Finn; Rupert Read; Russell Roberts; Viktoria Martin; Ban Kanj Elsabeh; Vince Pomal; Graeme Michael Price; Karen Brennan; Jack Tohme; Marie-Christine Riachi; Jordan Thibodeau; Pietro Bonavita. I apologize for the near-certain omission. THE BEGINNING Let the conversation begin … Follow the Penguin Twitter.com@penguinUKbooks Keep up-to-date with all our stories YouTube.com/penguinbooks Pin ‘Penguin Books’ to your Pinterest Like ‘Penguin Books’ on Facebook.com/penguinbooks Listen to Penguin at SoundCloud.com/penguin-books Find out more about the author and discover more stories like this at Penguin.co.uk ALLEN LANE UK | USA | Canada | Ireland | Australia India | New Zealand | South Africa Penguin Books is part of the Penguin Random House group of companies whose addresses can be found at global.penguinrandomhouse.com.

Green Economics: An Introduction to Theory, Policy and Practice by Molly Scott Cato

Albert Einstein, back-to-the-land, banking crisis, banks create money, basic income, Bretton Woods, Buy land – they’re not making it any more, carbon footprint, carbon tax, central bank independence, clean water, Community Supported Agriculture, congestion charging, corporate social responsibility, David Ricardo: comparative advantage, degrowth, deskilling, energy security, food miles, Food sovereignty, Fractional reserve banking, full employment, gender pay gap, green new deal, income inequality, informal economy, intentional community, Intergovernmental Panel on Climate Change (IPCC), job satisfaction, land bank, land reform, land value tax, Mahatma Gandhi, market fundamentalism, Money creation, mortgage debt, Multi Fibre Arrangement, passive income, peak oil, price stability, profit maximization, profit motive, purchasing power parity, race to the bottom, reserve currency, Rupert Read, seminal paper, the built environment, The Spirit Level, Tobin tax, tontine, University of East Anglia, wikimedia commons

A few who spring immediately to mind are Len Arthur, Richard Bickle, Rebecca Boden, Richard Douthwaite, Debbie Epstein, Rob Hopkins, Pete North, James Robertson, Helen Royall, Diana Schumacher and Tony Weekes, and from the Green Party, Caroline Lucas, Fi Macmillan, John Marjoram, Philip Booth, Rupert Read and Martin Whiteside. Special thanks to my gifted and talented daughter, Rosa, who has loaned me her laptop at times when she heartily wished to be watching The Mighty Boosh. And finally thanks to the Stroudies, for welcoming me so warmly into their community and for putting a green economist to good use.

Apocalypse Never: Why Environmental Alarmism Hurts Us All by Michael Shellenberger

"World Economic Forum" Davos, Albert Einstein, An Inconvenient Truth, Anthropocene, Asperger Syndrome, Bernie Sanders, Bob Geldof, Boeing 747, carbon footprint, carbon tax, Cesare Marchetti: Marchetti’s constant, clean tech, clean water, climate anxiety, Corn Laws, coronavirus, corporate social responsibility, correlation does not imply causation, cuban missile crisis, decarbonisation, deindustrialization, disinformation, Dissolution of the Soviet Union, Donald Trump, Dr. Strangelove, Elon Musk, energy transition, Extinction Rebellion, failed state, Garrett Hardin, Gary Taubes, gentleman farmer, global value chain, Google Earth, green new deal, Greta Thunberg, hydraulic fracturing, index fund, Indoor air pollution, indoor plumbing, Intergovernmental Panel on Climate Change (IPCC), Internet Archive, land tenure, Live Aid, LNG terminal, long peace, manufacturing employment, mass immigration, meta-analysis, Michael Shellenberger, microplastics / micro fibres, Murray Bookchin, ocean acidification, off grid, oil shale / tar sands, Potemkin village, precautionary principle, purchasing power parity, Ralph Nader, renewable energy transition, Rupert Read, School Strike for Climate, Solyndra, Stephen Fry, Steven Pinker, supervolcano, Ted Nordhaus, TED Talk, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trade route, Tragedy of the Commons, union organizing, WikiLeaks, Y2K

., “Mental Health and Our Changing Climate: Impacts, Implications, and Guidance,” American Psychological Association and ecoAmerica, March 2017, https://www.apa.org/news/press/releases/2017/03/mental-health-climate.pdf. 102. Reuters, “One in five UK children report nightmares about climate change,” March 2, 2020. 103. Sonia Elks, “Suffering Eco-anxiety over Climate Change, Say Psychologists,” Reuters, September 19, 2019, https://www.reuters.com. 104. Rupert Read, “How I Talk with Children About Climate Breakdown,” YouTube (video), August 18, 2019, https://youtu.be/6Lt0jCDtYSY. 105. Zion Lights, interviewed by Andrew Neil, The Andrew Neil Show, BBC, aired October 10, 2019, on BBC, https://www.youtube.com/watch?time_continue=7&v=pO1TTcETyuU&feature=emb_logo. 106.

Antifragile: Things That Gain From Disorder by Nassim Nicholas Taleb

"World Economic Forum" Davos, Air France Flight 447, Alan Greenspan, Andrei Shleifer, anti-fragile, banking crisis, Benoit Mandelbrot, Berlin Wall, biodiversity loss, Black Swan, business cycle, caloric restriction, caloric restriction, Chuck Templeton: OpenTable:, commoditize, creative destruction, credit crunch, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, discrete time, double entry bookkeeping, Emanuel Derman, epigenetics, fail fast, financial engineering, financial independence, Flash crash, flying shuttle, Gary Taubes, George Santayana, Gini coefficient, Helicobacter pylori, Henri Poincaré, Higgs boson, high net worth, hygiene hypothesis, Ignaz Semmelweis: hand washing, informal economy, invention of the wheel, invisible hand, Isaac Newton, James Hargreaves, Jane Jacobs, Jim Simons, joint-stock company, joint-stock limited liability company, Joseph Schumpeter, Kenneth Arrow, knowledge economy, language acquisition, Lao Tzu, Long Term Capital Management, loss aversion, Louis Pasteur, mandelbrot fractal, Marc Andreessen, Mark Spitznagel, meta-analysis, microbiome, money market fund, moral hazard, mouse model, Myron Scholes, Norbert Wiener, pattern recognition, Paul Samuelson, placebo effect, Ponzi scheme, Post-Keynesian economics, power law, principal–agent problem, purchasing power parity, quantitative trading / quantitative finance, Ralph Nader, random walk, Ray Kurzweil, rent control, Republic of Letters, Ronald Reagan, Rory Sutherland, Rupert Read, selection bias, Silicon Valley, six sigma, spinning jenny, statistical model, Steve Jobs, Steven Pinker, Stewart Brand, stochastic process, stochastic volatility, synthetic biology, tacit knowledge, tail risk, Thales and the olive presses, Thales of Miletus, The Great Moderation, the new new thing, The Wealth of Nations by Adam Smith, Thomas Bayes, Thomas Malthus, too big to fail, transaction costs, urban planning, Vilfredo Pareto, Yogi Berra, Zipf's Law

The Socrates of the Memorabilia is no-nonsense and down to earth; he despises sterile knowledge, and the experts who study matters without practical consequence when so many useful and important things are neglected (instead of looking at stars to understand causes, figure out how you can use them to navigate; use geometry to measure land, but no more). 2 Adam Smith was first and last a moral philosopher. Marx was a philosopher. Kahneman and Simon are psychologist and cognitive scientist, respectively. The exception is, of course, Hayek. 3 The philosopher Rupert Read convinced me that Hayek harbored in fact a strain of naive rationalism, as did Popper, and presents convincing arguments that the two should not be included in the category of antifragile thinkers. 4 The reader might wonder about the connection between education and disorder. Education is teleological and hates disorder.