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THE FIRST AND LAST BANK

CLIMATE CHANGE, CURRENCY, AND A NEW CARBON COMMONS

No magic bullet, but an ingenious thought experiment.

A carbon standard?

The idea is nothing if not audacious: solving global warming by removing carbon from the atmosphere and sequestering it, perhaps in bank vaults where it would function like the gold at Fort Knox. Peebles, an anthropologist at the University of Stockholm, makes a reasonable case that this plan enjoys a modest following around the world among economists. He points out that all efforts to reverse global warming have failed. Its major cause, atmospheric carbon dioxide from burning fossil fuels, is increasing steadily. Citizens of prosperous nations, the major offenders, oppose the sacrifices necessary to reduce emissions, and their governments have taken note. Efforts to bypass governments and persuade polluters to do the right thing have also failed. Clever ideas for carbon credits and carbon taxes are “riddled with fraud,” as clever entrepreneurs game the system to earn credits without lowering emissions. Peebles lays out his solution, beginning with a lesson in economics that occupies most of the book and heavily emphasizes gold. It’s no longer a medium of exchange or the basis of any nation’s currency, but gold remains a store of value and a priceless symbol of “our identity, never to be dismantled or dispersed.” He proposes a substitute system in the form of carbon blocks (“biochar”) stored in community-owned banks as “preservers of a common good.” Today’s biochar is produced by burning organic material, and he assumes that the problem of extracting carbon from the atmosphere economically has been solved. Readers who recall their college economics will better grasp his explanation, and all will appreciate the generous, elaborate drawings that provide an impressionistic and occasionally specific picture of how it might work.

No magic bullet, but an ingenious thought experiment.

Pub Date: May 27, 2025

ISBN: 9780262049641

Page Count: 312

Publisher: MIT Press

Review Posted Online: March 22, 2025

Kirkus Reviews Issue: April 15, 2025

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ABUNDANCE

Cogent, well-timed ideas for meeting today’s biggest challenges.

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Helping liberals get out of their own way.

Klein, a New York Times columnist, and Thompson, an Atlantic staffer, lean to the left, but they aren’t interrogating the usual suspects. Aware that many conservatives have no interest in their opinions, the authors target their own side’s “pathologies.” Why do red states greenlight the kind of renewable energy projects that often languish in blue states? Why does liberal California have the nation’s most severe homelessness and housing affordability crises? One big reason: Liberal leadership has ensnared itself in a web of well-intentioned yet often onerous “goals, standards, and rules.” This “procedural kludge,” partially shaped by lawyers who pioneered a “democracy by lawsuit” strategy in the 1960s, threatens to stymie key breakthroughs. Consider the anti-pollution laws passed after World War II. In the decades since, homeowners’ groups in liberal locales have cited such statutes in lawsuits meant to stop new affordable housing. Today, these laws “block the clean energy projects” required to tackle climate change. Nuclear energy is “inarguably safer” than the fossil fuel variety, but because Washington doesn’t always “properly weigh risk,” it almost never builds new reactors. Meanwhile, technologies that may cure disease or slash the carbon footprint of cement production benefit from government support, but too often the grant process “rewards caution and punishes outsider thinking.” The authors call this style of governing “everything-bagel liberalism,” so named because of its many government mandates. Instead, they envision “a politics of abundance” that would remake travel, work, and health. This won’t happen without “changing the processes that make building and inventing so hard.” It’s time, then, to scrutinize everything from municipal zoning regulations to the paperwork requirements for scientists getting federal funding. The authors’ debut as a duo is very smart and eminently useful.

Cogent, well-timed ideas for meeting today’s biggest challenges.

Pub Date: March 18, 2025

ISBN: 9781668023488

Page Count: 320

Publisher: Avid Reader Press

Review Posted Online: Jan. 16, 2025

Kirkus Reviews Issue: Feb. 15, 2025

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ELON MUSK

Alternately admiring and critical, unvarnished, and a closely detailed account of a troubled innovator.

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A warts-and-all portrait of the famed techno-entrepreneur—and the warts are nearly beyond counting.

To call Elon Musk (b. 1971) “mercurial” is to undervalue the term; to call him a genius is incorrect. Instead, Musk has a gift for leveraging the genius of others in order to make things work. When they don’t, writes eminent biographer Isaacson, it’s because the notoriously headstrong Musk is so sure of himself that he charges ahead against the advice of others: “He does not like to share power.” In this sharp-edged biography, the author likens Musk to an earlier biographical subject, Steve Jobs. Given Musk’s recent political turn, born of the me-first libertarianism of the very rich, however, Henry Ford also comes to mind. What emerges clearly is that Musk, who may or may not have Asperger’s syndrome (“Empathy did not come naturally”), has nurtured several obsessions for years, apart from a passion for the letter X as both a brand and personal name. He firmly believes that “all requirements should be treated as recommendations”; that it is his destiny to make humankind a multi-planetary civilization through innovations in space travel; that government is generally an impediment and that “the thought police are gaining power”; and that “a maniacal sense of urgency” should guide his businesses. That need for speed has led to undeniable successes in beating schedules and competitors, but it has also wrought disaster: One of the most telling anecdotes in the book concerns Musk’s “demon mode” order to relocate thousands of Twitter servers from Sacramento to Portland at breakneck speed, which trashed big parts of the system for months. To judge by Isaacson’s account, that may have been by design, for Musk’s idea of creative destruction seems to mean mostly chaos.

Alternately admiring and critical, unvarnished, and a closely detailed account of a troubled innovator.

Pub Date: Sept. 12, 2023

ISBN: 9781982181284

Page Count: 688

Publisher: Simon & Schuster

Review Posted Online: Sept. 12, 2023

Kirkus Reviews Issue: Oct. 15, 2023

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