The Great Simplification with Nate Hagens19 Aug

Material World: The Key Resources Underpinning Modern Economies with Ed Conway | Archive TGS 127

Current geopolitical events continue to expose just how complex and fragile our global economic system is. As such, The Great Simplification team is re-releasing this episode with Ed Conway, which covers the deceptively critical materials that continue to underpin everything from the phone in your hand to the house that you live in.

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. This 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 failure 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?

(Conversation originally released June 12th, 2024 | Recorded on May 7th, 2024)

About Ed Conway:

Ed Conway is the economics and data editor at Sky News, covering major UK and international economics, business and political stories. He has broken a series of exclusive reports on the banking and financial crisis. He is also economics columnist for The Times, and has been one of the longest-running economics editors in UK journalism, having started covering the sector in 2003. Prior to joining Sky, he was economics editor of The Daily Telegraph and The Sunday Telegraph, where he was also a weekly op-ed columnist, and economics correspondent at the Daily Mail.

Ed is the author of the book on Bretton Woods, The Summit: The Biggest Battle Of The Second World War – Fought Behind Closed Doors and an economics guidebook, 50 Economics Ideas You Really Need to Know. His 2024 book Material World, was nominated as one of the Financial Times Book of the Year. Ed is a governor of the National Institute for Economic and Social Research, and has lectured on the international monetary system at the London School of Economics, the US Treasury and many other forums.

Show Notes and More

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