This book was not edited. There are a distracting number of typos and mistakes, from spelling to grammar to punctuation. Style-wise, it feels as if it were written in a day, or perhaps dictated to someone -- very sloppy structure, with lots of repetition. (A passage about the need for high-speed internet connections when doing high-frequency trading on wall street refers to "the speed of light" six times in the same paragraph.)
Confirmation bias, I understand, is when you have an idea and begin to research it, and in every answer you hear, you find a way to make it seem as if it supports your position, even when it doesn't. That's what this book does, all the way through. The author tells stories about people he interviewed about the question of "optimizing the financial system for something other than profit."
Here's how the book goes:
Author: "Economist friend, do you think it's possible to optimize for something other than profit?"
Economist: "Definitely not. In fact, that's incredibly dumb."
Author: "Haha, economist, you're so quotable. I'll write that down."
Economist: "No seriously, that's a terrible idea."
Author: "Okay bye! NASCAR director, can we optimize for something other than profit?"
NASCAR Director: "I run a racecar business. Why are you talking to me?"
Author: "I love NASCAR! Just make up an answer about cars!"
NASCAR Director: "Okay, well, I mean, we optimize cars to be safe and drive fast. So...optimizing things happens, yes."
Author: "Great! Bye! Engineering friend, does optimizing exist?"
Engineer: "Yes, people optimize things."
Author: "Awesome! Friend-person, do you know anything about the history of wall street?"
Friend: "No, I don't, maybe read a book?"
Author: "Great idea! I'll read a book about the history of wall street. Hmm, says here that wall street always existed for profit generation. I don't like that much. Who else should I talk to? Oh look, an optimistic economist! Optimistic economist, do you think investors can be tricked into making the earth a better place?"
Optimistic Economist: "Yes, some funds exist to reward companies for lower carbon footprints and such. Investing in those helps the world in some way."
Author: "I winnnnnn!! All future things on the earth will now measure positive things instead of profit!"
The author performed no credible research, had only shallow conversations, and employed nothing but his own hunches in order to advance his idea. So as a result, the concept was undermined instead of championed. Now, instead creating a compelling case to help the world buy into the idea of moving beyond a system that is finance-centric, he's bolstered the assumption that "only poorly-researched idealists believe in this kind of future."
This makes me sad, because I absolutely agree with his idea: there IS a shift to valuing meaning over money, and finding ways to measure things besides profit. I *wanted* him to make a compelling case for this concept.
So now it's our turn. Let's keep building on these ideas, people, and do it with language and research that advances, rather than undermining, the idea of a better world.