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Credit Bubble Stocks: Review of How the World Really Works: The Science Behind How We Got Here and Where We're Going by Vaclav Smil

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We recently reviewed Vaclav Smil's book "Numbers Don't Lie" (4/5), which was a compilation of his monthly essays written for IEEE Spectrum, the magazine of the Institute of Electrical and Electronics Engineers from 2014-2020. One of the themes from that book, published in 2020, was that it will not be possible to replace fossil fuels without major economic and social dislocations. He also expressed contempt for the idea that inventions like smartphones and advertising website businesses (like Facebook) were anywhere nearly as important as technologies like steel, electricity, nitrogen fertilizers, and shipping. He followed Numbers Don't Lie with his latest, How the World Really Works: The Science Behind How We Got Here and Where We're Going. The first three chapters of this - the "Understanding" of Energy, Food Production, and Our Material World - were great, and the other four (about Globalization, Risks, Environment, and Future) were not as worthwhile. Some highlights from the book,

Credit Bubble Stocks: Review of How the World Really Works: The Science Behind How We Got Here and Where We're Going by Vaclav Smil skip to main | skip to sidebar Credit Bubble Stocks Sunday, July 17, 2022 Review of How the World Really Works: The Science Behind How We Got Here and Where We're Going by Vaclav Smil We recently reviewed Vaclav Smil's book "Numbers Don't Lie" (4/5), which was a compilation of his monthly essays written for IEEE Spectrum, the magazine of the Institute of Electrical and Electronics Engineers from 2014-2020. One of the themes from that book, published in 2020, was t

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