Book Bits: 24 July 2021

The Great Adaptation: Climate, Capitalism and Catastrophe
Romain Felli
Summary via publisher (Verso Books)
The Great Adaptation tells the story of how scientists, governments and corporations have tried to deal with the challenge that climate change poses to capitalism by promoting adaptation to its consequences, rather than combating its causes. Since the 1970s, neoliberal economists and ideologues have used climate change as an argument for creating more “flexibility” in society, for promoting more market-based solutions to environmental and social questions. This book unveils the political economy of this potent movement, showing how some powerful actors are thriving in the face of dangerous climate change and even making a profit out of it.

Unknown Knowns: On Economics, Investing, Progress, and Folly
Laurence B. Siegel
Summary via Amazon
In the last 250 years the world has gone from poor to rich, sick to healthy, and isolated to connected. We still face many problems, but we are constantly discovering new ways to solve them. Investment returns have also reflected these improvements, and have rewarded patient investors for providing the capital needed to achieve this progress.

After Cooling: On Freon, Global Warming, and the Terrible Cost of Comfort
Eric Dean Wilson
Review via The New York Times
Our ability to dramatically cool the spaces we inhabit has changed the way we travel, consume food, use medicine, design our architecture and much more. But eventually, the chemical compounds used for this cooling cannot help leaking from coils and holding tanks as machines age and are discarded. Upon release, they form persistent greenhouse gases — meaning refrigeration as a practice makes an outsize contribution to global warming. In a supreme irony, one Wilson points out, our world before the adoption of institutional air-conditioning was cooler overall.

The Asian Financial Crisis 1995–98: Birth of the Age of Debt
Russell Napier
Summary via publisher (Harriman House)
In the space of a few months, across Asia, a miracle became a nightmare. This was the Asian Financial Crisis of 1995–98. In this economic crisis hundreds of people died in rioting, political strong men were removed and hundreds of billions of dollars were lost by investors. This crisis saw the US dollar value of some Asian stock markets decline by ninety percent. Why did almost no one see it coming?

Selling Your Startup: Crafting the Perfect Exit, Selling Your Business, and Everything Else Entrepreneurs Need to Know
Alejandro Cremades
Summary via publisher (Wiley)
Many entrepreneurs dream of the day their company is acquired and they secure a perfect exit. But information about the process of getting your business acquired usually comes from expensive investment bankers who typically advise late-stage startups. In Selling Your Startup, serial entrepreneur Alejandro Cremades delivers an accessible guide on how to sell your startup. With first-hand experience as a fully exited entrepreneur, investment banker, and lawyer, Cremades describes the tips and tricks startup founders need to sell their early-stage to growth-stage business.

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