The Hindu (Thiruvananthapuram)

The Enzo Ferrari who emerges from this biography is a complex man, a mix of the ingenuous and the ingenious

How capitalist economies can reform and be serious about tackling climate change

- Suresh Menon

progress don’t come to a halt. From renewable power to green cement, electric cars to carbon capture, emission-reducing technologi­es have tossed new opportunit­ies for private capital and government regulation­s to work in tandem. The process to harness the forces of capitalism to achieve zero emissions has already begun. Although these are still early days for capitalism to wear a natural look for addressing impending climatic concerns, a faint ray of

In the mid-1990s, when I was reporting Formula One races in Europe, the most impressive sight in the sport was the one-lakh-plus Ferrari fans – called the tifosi – cheering at the San Marino Grand Prix. Everyone was in red. A non-Italian driver in a Ferrari was a bigger hero than an Italian driver in any other car – the team, not the individual, mattered.

The Ferrari is more than the sum of its race victories, just as its founder Enzo Ferrari was more than his sporting, entreprene­urial and managerial selves. The machine’s early associatio­n with death soon made way for its status as a symbol of everything stylish and sexy. As Luca di Montezemol­o,

Ferrari’s president and CEO for 23 years said: “We don’t sell a car, we sell a dream.”

Enzo, who died at 90 (in 1988) wrote his autobiogra­phy, My Terrible Joys, in 1962. In recent years biographie­s have appeared at a fair clip, including this comprehens­ive one by Luca Dal Monte, a one-time Ferrari employee. He told the New York Times, “In Italy, there was the Pope and then there was Enzo.”

The early years

Enzo lived through the amateur years of motorsport­s on miserable roads in the 1920s, through the inaugurati­on of Formula One in 1950, the glamour of the 1960s and ’70s and the technologi­cal advancemen­ts of the 1990s.

Ferrari’s record in Formula One – 16 constructo­rs’ titles and 15 drivers’ championsh­ips – is unmatched. Some of the optimism seems to have been generated.

It has been over two decades that industrial capitalism has been critiqued for neither pricing nor accounting its negative externalit­ies. It liquidates natural capital and calls it pro‹t, undervalui­ng both natural resources and living systems. Rathi chronicles the political manoeuvrin­gs that made possible China’s lead in building Œeets of electric cars, India’s success in promoting solar power, America’s

Solar panels in the Pavagada Solar Park, Karnataka.

success with reversing climate damages in the oil industry, and the Danish quest for pushing wind turbines. All such initiative­s combined, it has been estimated that 2% of global GDP is enough to make the carbon dioxide problem go away. Far from being linear, however, there are disruptive elements that play upon power politics to sully the path to zero emissions. Politics, technology and ‹nance must align in the right direction to bring about change, says Rathi.

To work as a unit

greatest drivers won world championsh­ips in Ferraris: Michael Schumacher, Niki Lauda, Alberto Ascari, Juan Manuel Fangio. Lauda made the most profound statement about the sport when he said the aim was to win by going as slowly as possible.

It was not a philosophy easily digested. Between 1955 and 1971, eight drivers were killed driving Ferraris; Enzo was likened by a Vatican newspaper to Saturn who consumed his own sons.

In 1957, a Ferrari ploughed into the crowd at the road race in Mille Miglia, killing both drivers and nine spectators – a scene picturised with horror and fascinatio­n in the NetŒix movie Ferrari, based on the 1991 biography Enzo Ferrari: The Man, the Cars, the Races, the Machine by Brock Yates.

That race is described thus: “The notion of fast cars racing on real roads, around twisting mountain hairpins and through narrow city streets, was the embodiment of every

With climate emergencie­s threatenin­g life, public perception on the global climatic accords and green initiative­s remains grossly sceptical. Holding an optimist

Climate Capitalism

Enzo Ferrari: The Definitive Biography of an Icon

Luca Dal Monte

Hachette India man’s fantasy to charge down an open road Œat out, unencumber­ed by laws or moral and social impediment­s of any kind. For all its insanity, the Mille Miglia encompasse­d an entire lifetime condensed into a few hours. To have competed in it meant that a position, Rathi argues that we cannot insulate ourselves from the transforma­tion coming our way. From bureaucrat­s to billionair­es, doers to enforcers, there are multiple actors on the capitalist platform who would need to bridge di–erences to reform the economic system and help shape a climate-conducive capitalism.

Passionate capitalist­s fear that policy reforms may kill the market. But policy shifts in favour of climate-oriented technologi­es and investment­s have created new business opportunit­ies. Whether such e–orts add up to make an impact at global scale is yet to be fully ascertaine­d. Some trends are noticeable, the U.K. economy grew by 60% between 1990 and 2017 while its carbon emissions declined by 40%. The task lies in replicatin­g and escalating such transforma­tive processes and practices. Although climate ‹nancing may have been slow, the Paris Agreement has triggered a process of change.

Climate Capitalism conveys an optimistic narrative which contends that it’s cheaper to save the world than destroy it. What kindles a ray of hope is that capitalist­s themselves have woken up to both the cost of inaction and the opportunit­y of action.

The reviewer is an independen­t writer, researcher and academic man had faced down the spectre of violent death for half a day…”

‘The assassin’

The wife of one of Ferrari’s drivers always referred to him as “the assassin” after the crash. Enzo was devastated, and wanted to quit motor racing; along with the organiser of the race he had become the most hated man in Italy. Ferrari’s ‹rst American driver, Phil Hill, said when he left the team, “I wasn’t his type, not gung-ho enough. I wasn’t willing to die for Enzo Ferrari.”

Yet, the successes and failures had begun innocuousl­y enough. Dal Monte’s year-by-year narrative starts with the birth and ends with the death of his subject. At ten, Enzo decided that racing would be his calling after his father took him to see one. But even as he was winning races, his heart was in the manufactur­e of cars and in the making of a racing team. He succeeded spectacula­rly at both, with a mixture of skill, instinct and the ability to manipulate both people and events.

His love life Œowered; he had a son who was seen as his successor but died at 24; he had another son by one of his lovers who did succeed him. Dal Monte quotes a newspaper which called Enzo “a practical value-increaser of his abilities.” It was apt.

Complex personalit­y

The Enzo who emerges from the book is a complex man, a mix of the ingenuous and the ingenious. He read Stendhal and Leopardi and loved Kafka. He dealt with the fascist government in Italy for business reasons, as he dealt with the occupying forces. He saved lives, protecting them from the Nazis. He himself was on the hitlist for assisting the resistance.

Dal Monte’s research is exhaustive, and occasional­ly exhausting. Enzo is much written about; besides, he also shaped the stories he would want future biographer­s to tell.

Dal Monte gives us the standard biography and adds enough new material to make it the de‹nitive one. But such breadth and granularit­y comes with a challenge: keeping track of the names and occupation­s and car models is a bit like trying to remember everything in a Russian novel when you read one as a boy or girl. Still, worth it.

The reviewer’s latest book is Why Don’t You Write Something I Might Read?.

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Akshat Rathi John Murray/ Hachette
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