Alan Kohler

Editor in Chief of InvestSMART, Business Editor at Large of The Australian, finance guy on the ABC news and Adjunct Professor at Victoria University

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Book Recommendations:

AK

Recommended by Alan Kohler

Fantastic 50-minute interview with Viktor Shvets, Macquarie’s HK-based strategist, who has just published a book called The Great Rupture. We discussed MMT, China, the technology revolution and much more. (No paywall) https://t.co/EETOJsdp7n (from X)

Do we need to be free to be innovative, prosperous, or even happy? The lessons of the last five centuries were unequivocal-without freedom, there could be no prosperity or happiness. However, does this still hold true in the Information Age? Modern technologies are disrupting our societies, altering every facet of our lives, from the nature of work and what we intrinsically value, to how we are informed, entertained, and educated-it promises to be a far deeper disruption than Industrial Revolutions. Humanity is at a major turning point, and how we respond to the merger of technology and financialization will decide our future. Will it be capitalism or communism, feudalism or despotism? By learning from the past and projecting into the future, global market strategist Viktor Shvets explores the weakening nexus between freedom and prosperity and what that means for the future of humanity. From the birth of our modern world, pivotal events in human history have led to the collapse of non-Western civilizations-Mongol warriors sweeping across Eurasian steppes; the Black Death and a re-awakening of human spirit; Zheng He's voyages and the collapse of Novgorod republic; and finally, the ban on printing in Arabic. What can we learn from these events to better prepare ourselves for the future? As we hurtle toward that uncertain future, we must decide whether our cherished individual freedoms are still necessary for success and prosperity, or if in adapting to new technologies, non-Western civilizations are now better positioned for this new world, creating illiberal orders that might no longer suffer from stagnation of ideas. For the first time in at least five centuries, we have an opportunity and tools to build a different society and economy. Will we embrace the challenge?

AK

Recommended by Alan Kohler

Nearly finished @TrentDalton’s Boy Swallows Universe. What a fantastic book. Absolutely loving it - thanks Trent. (from X)

"The best book I read this decade." —Sharon Van Etten in Rolling Stone “Boy Swallows Universe hypnotizes you with wonder, and then hammers you with heartbreak. . . . Eli’s remarkably poetic voice and his astonishingly open heart take the day. They enable him to carve out the best of what’s possible from the worst of what is, which is the miracle that makes this novel marvelous.” —Washington Post A "thrilling" (New York Times Book Review) novel of love, crime, magic, fate and a boy’s coming of age in 1980s Australia, named one of the best literary fiction titles of 2019 by Library Journal. Eli Bell’s life is complicated. His father is lost, his mother is in jail, and his stepdad is a heroin dealer. The most steadfast adult in Eli’s life is Slim—a notorious felon and national record-holder for successful prison escapes—who watches over Eli and August, his silent genius of an older brother. Exiled far from the rest of the world in Darra, a neglected suburb populated by Polish and Vietnamese refugees, this twelve-year-old boy with an old soul and an adult mind is just trying to follow his heart, learn what it takes to be a good man, and train for a glamorous career in journalism. Life, however, insists on throwing obstacles in Eli’s path—most notably Tytus Broz, Brisbane’s legendary drug dealer. But the real trouble lies ahead. Eli is about to fall in love, face off against truly bad guys, and fight to save his mother from a certain doom—all before starting high school. A story of brotherhood, true love, family, and the most unlikely of friendships, Boy Swallows Universe is the tale of an adolescent boy on the cusp of discovering the man he will be. Powerful and kinetic, Trent Dalton’s debut is sure to be one of the most heartbreaking, joyous and exhilarating novels you will experience.