ENCORE PRESENTATION: NYT Bestselling Author Matt Ridley on His Motivation to Write The Rational Optimist and Why He Believes That Human Prosperity Will Inevitably Continue to Increase

Matt Ridley's seminal book, The Rational Optimist, has inspired many since its publication in 2010 and greatly influenced the creation of The Optimism Institute. In this far-ranging discussion, Matt will describe an early education that he said was steeped in pessimism but how later in life he found that much of what he'd been taught was simply not true. This led him to set on a nearly evangelical quest to spread the word that interaction and trade between people and nations, including the free exchange of ideas, will continue to set us on an inexorable path towards increasing prosperity. Chapters: 00:00 Introducing Matt Ridley Bill Burke introduces Matt Ridley, acclaimed author of "The Rational Optimist" and other influential books. He highlights Ridley's extensive background, including his service in the House of Lords and his work on various scientific committees. 02:39 From Pessimism to Rational Optimism Matt Ridley shares his personal journey from a pessimistic upbringing in the 1970s to becoming a 'rational optimist' based on evidence. He recounts how his research for 'The Rational Optimist' revealed that many assumed negative trends, like decreasing happiness with wealth, were actually false. 06:01 The Genesis of "The Rational Optimist" Ridley explains his evangelical motivation for writing 'The Rational Optimist,' aiming to counter pervasive doom and gloom, especially among young people. He also sought to explore the evolutionary roots of human prosperity and growth, driven by an innate curiosity about why the world was improving. 07:28 Ideas Have Sex: Cooperation and Trade Matt Ridley delves into his concept of "ideas having sex," explaining how human cooperation, trade, and the exchange of specialized skills drive prosperity. He posits that this fundamental human tendency to swap goods and ideas is as crucial to cultural evolution as sex is to natural evolution. 13:50 Social Media's Impact: Polarization and Progress Ridley reflects on social media's impact on his 'ideas having sex' theory, acknowledging its initial promise for communication but also its role in political polarization. 19:29 Panglossian vs. Rational Optimism Ridley distinguishes his rational optimism from Panglossian optimism, emphasizing that he believes the world can and should be improved, not that it's already perfect. He counters common pessimistic arguments by pointing to long-term improvements in living standards and the gradual nature of good news compared to sudden bad news. 23:56 Trust and the Pencil's Lesson Matt Ridley discusses the importance of interpersonal trust for societal prosperity, contrasting it with institutional trust. He also elaborates on the 'I, Pencil' essay, illustrating how millions of specialized individuals unknowingly collaborate to produce even a simple item like a pencil. 33:15 Gratitude, Specialization, and Daily Miracles Ridley encourages gratitude for the vast network of people who contribute to our daily lives, using the example of a simple meal. 36:50 Climate Change: A Problem to Be Solved Matt Ridley shares his nuanced perspective on climate change, acknowledging it as a real threat but cautioning against panic and exaggeration. He suggests viewing it as a problem solvable through human ingenuity, while also highlighting the overlooked environmental benefits of CO2 and the harm caused by some climate prevention measures. 42:51 The Future of Innovation: Worries and Hopes Ridley discusses the limitless nature of knowledge and innovation, emphasizing communication over population size for progress.