Climate change is an existential threat, but we don't know whether that's going to happen soon enough. Even if someone can cover with practical nuclear fusion technology in the next 20 years, probably we are fine. But there's no guarantee that it will not happen in time. We need to think about our food systems because basically that we need to especially beef too much. And even while people are dying of mega flood in Pakistan, money goes to these billionaires who have private space race as that's what the market is. Market is a great mechanism to keep people incentive to do certain things, but the market has to be designed in order to keep them the right incentive.
When world-renowned economist Ha-Joon Chang first arrived in Britain in the 1980s he recoiled in horror at how dull and dreary British food was at that time. But it was not just the food that caused him to despair: it was mainstream economic thinking too. Neoclassical liberalism was, and still is, the only item he found on Britain’s menu of economic ideas. Rethinking that menu is the theme of his new book, Edible Economics: A Hungry Economist Explains the World. Through a series of culinary anecdotes Chang explains that just as a rich and varied diet nourishes the body, moving beyond the narrow confines of neoclassical economics can help to build a better and fairer world. Speaking with Chang for this episode is Victoria Scholar, Head of Investment at Interactive Investor.
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