Read and Reading

  • The Rational Optimist
  • •Eating Animals
  • •Civilization: The West and the Rest
  • •Inside the House of Money
  • •More Money than God
  • •How Markets Fail
  • •Too Big to Fail
  • •Security Analysis
  • •The Black Swan
  • •What I Wish I Knew When I Was 20
  • •Justice
  • •Snoop
  • •The General Theory (Keynes)
  • •케인즈를 위한 변명 (The Rise, Fall and Return of the 20th Century's Most Influential Economist, Keynes)
  • •I'm the King of the Castle
  • •The Glass Menagerie
  • •The Empathic Civilization
  • •Inventing Temperature
  • •13 Bankers
  • •Cows, Pigs, Wars and Witches
  • •Why We Need a New Welfare State
  • •A Splendid Exchange: How Trade Shaped the World
  • •세계사를 바꾼 철학의 구라들 (Kleine Geschichte Der Philosophie)
  • •Grace and Grit
  • •Democracy in America
  • •Communism
  • •The Age of the Unthinkable
  • •The Idea of Justice
  • •Capitalism and Freedom
  • •Capitalism, Socialism and Democracy
  • •국가의 부와 빈곤 (The Wealth and Poverty of Nations)
  • •The Importance of Being Earnest

Thursday, March 24, 2016

The Rational Optimist by Matt Ridley

I have no doubt that this book will provide a breath for fresh air for any history and futurology enthusiast. We live in a time that abounds with publications about the history of human civilization by renowned historians and activists, that almost always end on a cautionary (and even pessimistic) note about the future of humanity. I myself, having been exposed to similar veins of literature have grown accustomed to, and conditioned to believe that as a species, we must systemically reboot how we think about the environment, capitalism and foreign policy in order to maintain our relevance on this planet (if there is a planet left at all) into the distant future.

Ridley surveys all stages and facets of human civilization, including evolution, the advent of commercial activities, the industrial revolution, innovation and trade, and critically dissects the present state of foreign aid, climate change and the environment, as well as certain “fashionable” trends in social commentary. He nimbly and aptly maneuvers his way not only through different time periods (the book is for the most part, a chronological construct), but also through multi-disciplinary yet microscopic view of human behavior.

The premise of the book is this: there is plenty of proven data and historical evidence to suggest optimism about our species’ future survival and prosperity. Whilst cross-disciplinary, a good proportion of the book is dedicated to the discussion of commercial history in order to elucidate and rationalize certain evolutionary phenomena. For instance, Ridley claims that Malthus’ population theory was debunked when our ancestors demonstrated the ability to nimbly adjust our production (i.e. ebb and flow of specialization) and consumption behavior to reverse the effects of population explosion.

Ridley discusses Africa in the context of foreign aid and economic development. His diagnosis for advancing the African economy centers on: disempowering central governments and empowering women (the latter deserves a lengthy reaction on its own). By limiting the central government's authority, we pave the way for a system that protects property right and encourages entrepreneurship. Ridley cites the example of Zambia to demonstrate the potency of market forces: the aid that Zambia received since 1960, if invested in assets yielding a reasonable rate of return, would by now have given Zambians the income per head of $20,000 (equivalent to that of Portugal), as opposed to what it is currently, $500. Though illustrative and hypothetical, the example reinforces the power of market forces. Africa presents an infinite potential, not because the developed nations and stampede on their grounds and teach "them" "our" ways, but because Africa is at a vantage point where it can observe and selectively accept policies from history.


Ridley is unequivocally libertarian bent, and he is an open proponent of free trade and market-based foreign aid programs. He is a staunch believer of our ability to persevere even in the least welcoming survival conditions, and political and economic systems - because the history itself is our saga. He also draws our attention to the abundance of “pessimist” literature and likens such views to Hollywood’s blockbuster doomsday movies. Future is uncertain and any erudite scholar of human civilization is inclined to qualify his/her their statements with warning and caution to prepare us for the future. (After all, what harm can come out of precaution?) Ridley does not dispute the importance of foresight and preservation, he simply represents a bold and courageous school thought, that of a rational optimist.