Erald Kolasi

Erald Kolasi, a physicist-economist and author focused on economics and ecology, challenges the traditional institutional theories of development. He critiques the popular narrative around good institutions being key to success, arguing instead that historical context, power dynamics, and resource access are more significant. Using case studies like North Korea’s rise and fall, China’s mixed results, and Venezuela's collapse due to external shocks, he presents a compelling argument for a materialist view of economics. Erald emphasizes that institutions often emerge from crises rather than merely shaping them.

Erald Kolasi, a physicist and economist known for his insights on energy, technology, and ecology, joins the show to explore the hidden challenges of AI growth. He reveals how large-scale AI consumes vast energy and water resources, exacerbating ecological crises. The conversation highlights the troubling trend of corporations prioritizing profit over public health, with inadequate regulatory enforcement. Kolasi discusses the impact of data centers on local infrastructures and advocates for strategic regulations to balance technological advancement with environmental sustainability.