Ep 323 - The Physics of Capitalism with Erald Kolasi

“Humanity... is at a critical moment in history where the decisions that we make could have massive, massive implications, for our future trajectory, for the future trajectory of human civilization over the next two centuries. Those decisions can either ensure that we have a prosperous millennium or that we have a disastrous one.”

Erald Kolasi joins Steve to talk about his book, The Physics of Capitalism. Erald’s interdisciplinary approach merges economics, technology, energy, and ecological dynamics. He explains that science can provide facts and data about the world, but to address the challenges we need to go beyond physics. Solutions will depend on the political, economic, and social spheres.

The discussion includes the flaws of neoclassical economic models, the limitations of technological innovation in solving ecological crises, and the necessity of systemic changes for a sustainable future. Erald describes a vision for a new political and economic order that emphasizes ecological stability, socialization, modularity, and localized production.

Erald Kolasi is a writer and researcher focusing on the nexus between energy, technology, economics, complex systems, and ecological dynamics. His book, The Physics of Capitalism, came out from Monthly Review Press in February 2025. He received his PhD in Physics from George Mason University in 2016. You can find out more about Erald and his work at his website, www.eraldkolasi.com.