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The Great Simplification with Nate Hagens

Material World: The Key Resources Underpinning Modern Economies with Ed Conway

The Great Simplification with Nate Hagens

Nate Hagens

Natural Sciences, Earth Sciences, Science

4.8552 Ratings

🗓️ 12 June 2024

⏱️ 105 minutes

🧾️ Download transcript

Summary

(Conversation recorded on May 7th, 2024)  

Show Summary: 

In contrast to 'The Great Simplification', some might call the events of the last few hundred years a 'Great Complexification' in terms of relationships, governance, supply chains, and many other human activities. Today's conversation with economics journalist Ed Conway focuses on the six essential resources that underpin our modern economies –  sand, salt, iron, copper, oil, and lithium - and dives into the (often unseen) environmental and human costs of extracting them, as well as the surprisingly fragile global supply chains they fuel.

In order to understand what possibilities – and dangers – may await us in the future, we need to understand the realities and constraints of the present, as well as the fail points of the past. What does it take to mine, refine, and transform the materials that are foundational to the world around us - which many of us now take for granted? How can we ensure the stability of global supply chains, and could we predict potential disruptions and chokepoints before they arise? If we understood the intricate web of complexity, energy, and resources that go into everything we consume, would it change our expectations for how much we need in order to live a good and fulfilling life?

About Ed Conway:

Ed Conway is a writer and broadcaster. He is the Economics and Data Editor of Sky News and has written for many newspapers and publications, including the New York Times, the Times of London and the New Statesman. His latest book, Material World, was an Economist and Sunday Times Book of the Year and was shortlisted for the 2023 FT Business Book of the Year Award. He has also written two other critically acclaimed and bestselling books and has won numerous awards for his journalism. He was educated at Oxford and Harvard. He lives in London.

 

For Show Notes and More visit: 

https://www.thegreatsimplification.com/episode/127-ed-conway

To watch this video episode on Youtube → https://youtu.be/4C2-tWcFKfQ

 

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to the Great Simplification.

0:04.6

I'm Nate Higgins.

0:06.3

On this show, we describe how energy, the economy, the environment, and human behavior all fit together and what it might mean for our future.

0:15.2

By sharing insights from global thinkers, we hope to inform and inspire more humans to play emergent roles in the

0:22.7

coming great simplification.

0:27.4

Today's guest is Edmund Conway, who is an economics journalist for Sky News in England.

0:35.9

Ed is also written for many other publications like The Times, The New Statesman,

0:40.3

The Daily Telegraph.

0:42.3

He's lectured on international monetary system at the London School of Economics, the US

0:47.3

Treasury, and many other places.

0:50.3

He's the governor of the National Institute for Economic and Social Research in England,

0:55.5

and he's the author of three books, including most recently Material World,

1:00.2

which was an economist best book of the year.

1:03.3

In this conversation, which is phenomenal, and I actually think it is one of the premier must

1:10.1

listen to, must watch episodes on this channel.

1:13.4

We discuss six substances, six materials that underpin the modern world, sand, salt, lithium,

1:22.2

copper, oil, and iron.

1:25.4

And in the past, we've had Olivia Lazard and Simon Mischot on to talk about not the energy,

1:31.2

but the material requirements for a renewable future.

1:36.2

We did more of the same at a deeper level here with Ed Conway.

1:40.9

Underpinning this conversation, I kept thinking to myself, complexity.

1:44.6

Man, the complexity of our system is so Byzantine and undiscovered and underappreciated.

...

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