Uncertain Future

Uncertain Futures: An Assessment of the Conditions of the Present provides a detailed look into the economic and political conditions of our present moment from a Marxist perspective. Key aspects of Marxist economic theory are illustrated in clear ways in order to provide an easy introduction to Marxist thought and their applicability. The book also examines the sluggish recovery from the Great Recession, in the context of the long-term feasibility of sustaining the capitalist system by placing it into a historical framework. It considers the necessity of social democratic reforms while calling for an anarchic re-invigoration of the politics of everyday life.

Based on his experience as a scholar and diplomat stationed in China, Jean-Luc Domenach consults a wealth of archival and contemporary materials to examine China's place in the world. A sympathetic yet critical observer, Domenach brings his intimate knowledge of the country to bear on a range of crucial issues, such as the growth (or deterioration) of China's economy, the government's ever-delayed democratization, the potential outcomes of a national political crisis, and the possible escalation of a revamped authoritarianism. Domenach ultimately reads China's current progress as a set of easy accomplishments presaging a more difficult era of development. His finely nuanced analysis captures the difficult decisions now confronting China's elite, who are under tremendous pressure to support an economy based on innovation and consumption, establish a political system based on law and popular participation, rethink their national identity and spatial organization, and define a more positive approach to the world's problems. These leaders are also besieged by corruption among their ranks, an increasingly restless urban population, and a sharp decline in the country's demographic growth. Domenach taps into these anxieties and the attempt to alleviate them, revealing a China much less confident and secure than many would believe.

The discovery of oil in Uganda in 2006 ushered in an oil-age era with new prospects of unforeseen riches. However, after an initial exploration boom developments stalled. Unlike other countries with major oil discoveries, Uganda has been slow in developing its oil. In fact, over ten years after the first discoveries, there is still no oil. During the time of the research for this book between 2012 and 2015, Uganda's oil had not yet fully materialised but was becoming. The overarching characteristic of this research project was waiting for the big changes to come: a waiting characterised by indeterminacy. There is a timeline but every year it gets expanded and in 2018 having oil still seems to belong to an uncertain future. This book looks at the waiting period as a time of not-yet-ness and describes the practices of future- and resource-making in Uganda. How did Ugandans handle the new resource wealth and how did they imagine their future with oil to be? This ethnography is concerned with Uganda's oil and the way Ugandans anticipated different futures with it: promising futures of wealth and development and disturbing futures of destruction and suffering. The book works out how uncertainty was an underlying feature of these anticipations and how risks and risk discourses shaped the imaginations of possible futures. Much of the talk around the oil involved the dichotomy of blessing or curse and it was not clear, which one the oil would be. Rather than adding another assessment of what the future with oil will be like, this book describes the predictions and prophesies as an essential part of how resources are being made. This ethnography shows how various actors in Uganda, from the state, the oil industry, the civil society, and the extractive communities, have tried to negotiate their position in the oil arena. Annika Witte argues in this book that by establishing their risks and using them as power resources actors can influence the becoming of oil as a resource and their own place in a petro-future. The book offers one of the first ethnographic accounts of Uganda's oil and the negotiations that took place in an oil state to be.

Uncertain Futures considers how economic actors visualize the future and decide how to act in conditions of radical uncertainty. It starts from the premise that dynamic capitalist economies are characterized by relentless innovation and novelty and hence exhibit an indeterminacy that cannot be reduced to measurable risk. The organizing question then becomes how economic actors form expectations and make decisions despite the uncertainty they face. This edited volume lays the foundations for a new model of economic reasoning by showing how, in conditions of uncertainty, economic actors combine calculation with imaginaries and narratives to form fictional expectations that coordinate action and provide the confidence to act. It draws on groundbreaking research in economic sociology, economics, anthropology, and psychology to present theoretically grounded empirical case studies. These demonstrate how grand narratives, central bank forward guidance, economic forecasts, finance models, business plans, visions of technological futures, and new era stories influence behaviour and become instruments of power in markets and societies. The market impact of shared calculative devices, social narratives, and contingent imaginaries underlines the rationale for a new form of narrative economics.

Uncertainty in the predictions of science when applied to the environment is an issue of great current relevance in relation to the impacts of climate change, protecting against natural and man-made disasters, pollutant transport and sustainable resource management. However, it is often ignored both by scientists and decision makers, or interpreted as a conflict or disagreement between scientists. This is not necessarily the case, the scientists might well agree, but their predictions would still be uncertain and knowledge of that uncertainty might be important in decision making. Environmental Modelling: An Uncertain Future? introduces students, scientists and decision makers to: the different concepts and techniques of uncertainty estimation in environmental prediction the philosophical background to different concepts of uncertainty the constraint of uncertainties by the collection of observations and data assimilation in real-time forecasting techniques for decision making under uncertainty. This book will be relevant to environmental modellers, practitioners and decision makers in hydrology, hydraulics, ecology, meteorology and oceanography, geomorphology, geochemistry, soil science, pollutant transport and climate change. A companion website for the book can be found at www.uncertain-future.org.uk

*WINNER OF THE 2023 NATIONAL BUSINESS BOOK AWARD* *FINALIST FOR THE 2023 OTTAWA BOOK AWARD* *SHORTLISTED FOR THE SHAUGHNESSY COHEN PRIZE FOR POLITICAL WRITING* *SHORTLISTED FOR THE 2022 DONNER PRIZE* NATIONAL BESTSELLER From the former Governor of the Bank of Canada, a far-seeing guide to the powerful economic forces that will shape the decades ahead. The economic ground is shifting beneath our feet. The world is becoming more volatile, and people are understandably worried about their financial futures. In this urgent and accessible guide to the crises and opportunities that lie ahead, economist and former Governor of the Bank of Canada Stephen Poloz maps out the powerful tectonic forces that are shaping our future, and the ideas that will allow us to master them. These forces include an aging workforce, mounting debt, and rising income inequality. Technological advances, too, are adding to the pressure, putting people out of work, and climate change is forcing a transition to a lower-carbon economy. It is no surprise that people are feeling uncertain. The implications of these tectonic tensions will cascade throughout every dimension of our lives—the job market, the housing market, the investment climate, as well as government and central bank policy, and the role of the corporation within society. The pandemic has added momentum to many of them. Poloz skillfully argues that past crises, from the Victorian Depression in the late 1800s to the more recent downturn in 2008, give a hint of what is in store for us in the decades ahead. Unlike the purely destructive power of earthquakes, the upheaval that is sure to come in the decades ahead will offer unexpected opportunities for renewal and growth. Filled with takeaways for employers, investors, and policymakers, as well as families discussing jobs and mortgage renewals around the kitchen table, The Next Age of Uncertainty is an indispensable guide for those navigating the fault lines of the risky world ahead.

This book provides in-depth comparative studies of the two largest cities and metropolitan areas in the United States: New York City and Los Angeles. The chapters, written by leading experts and based upon the most current information available from the Census and other sources, discuss and explicitly compare politics, economic prospects and the financial crisis, and a host of social issues. Reform movements in education, ethnic politics, budget stringency, strategies to deal with crime, the development and political context of infrastructure, rising inequality, immigration and immigrant communities, the segregation of the poor and minorities and the new segregation of the economic elite, environmental impacts and attempts to deal with them, the image of both cities and regions in the movies, architectural trends, and the differential impact and response to the financial crisis, including foreclosure patterns, are all examined in this volume. This comparative framework reveals that old paradigms such as urban "decline" or "resurgence" are inadequate for grasping the new challenges and complexities facing America's two major global cities. Each is responding in sometimes similar and different ways to the challenges brought on by two events that defined the last decade: the attack of 9/11 and its aftermath, and the continuing effects of the financial crisis. How all of these events, institutions, and trends play out in the New York and Los Angeles regions is important not only for the two cities, but also as a harbinger for other U.S. cities, the entire nation, and cities worldwide. New York and Los Angeles provides an essential guide for understanding the many forces that determine the future of our cities.

Of all the countries in the world that are vital to the strategic and economic interests of the United States, Saudi Arabia is the least understood by the American people. Saudi Arabia's unique place in Islam makes it indispensable to a constructive relationship between the non-Muslim West and the Muslim world. For all its wealth, the country faces daunting challenges that it lacks the tools to meet: a restless and young population, a new generation of educated women demanding opportunities in a closed society, political stagnation under an octogenarian leadership, religious extremism and intellectual backwardness, social division, chronic unemployment, shortages of food and water, and troublesome neighbors. Today's Saudi people, far better informed than all previous generations, are looking for new political institutions that will enable them to be heard, but these aspirations conflict with the kingdom's strict traditions and with the House of Saud's determination to retain all true power. Meanwhile, the country wishes to remain under the protection of American security but still clings to a system that is antithetical to American values. Basing his work on extensive interviews and field research conducted in the kingdom from 2008 through 2011 under the auspices of the Council on Foreign Relations, Thomas W. Lippman dissects this central Saudi paradox for American readers, including diplomats, policymakers, scholars, and students of foreign policy.