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Why have so few companies or people been held individually responsible for the catastrophic effects of the 2007-2008 financial crisis? Why do major controversies over the safety of the world's most popular pharmaceuticals take place, and what are the costs to the industries responsible? How can we determine who should be held liable in the aftermath of environmental catastrophes? Conventional thinking suggests that better knowledge can help prevent financial and ecological crises in future. This book challenges that belief. Drawing on a range of examples - from the scandals surrounding News International to the US Presidential elections, from the pharmaceutical industry to the Iran-Contra affair - McGoey reveals the hidden ways in which strategic ignorance serves as a vital source of political and economic power. An eye-opening and essential account of the 'known unknowns' that shape our world.
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