The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources Audible Audiobook – Unabridged
Brought to you by Penguin.
Meet the traders who supply the world with oil, metal and food - no matter how corrupt, war-torn or famine-stricken the source.
The modern world is built on commodities - from the oil that fuels our cars to the metals that power our smartphones.
We rarely stop to consider where they come from. But we should.
In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources.
It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres.
And it is the story of how some traders acquired untold political power, right under the noses of Western regulators and politicians - helping Saddam Hussein to sell his oil, fuelling the Libyan rebel army during the Arab Spring and funnelling cash to Vladimir Putin's Kremlin in spite of strict sanctions.
The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works.
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|Listening Length||12 hours and 4 minutes|
|Author||Javier Blas, Jack Farchy|
|Audible.ca Release Date||February 25 2021|
|Best Sellers Rank|| #5,103 in Audible Books & Originals (See Top 100 in Audible Books & Originals) |
#14 in International Relations (Audible Books & Originals)
#33 in Oil & Energy Industry (Books)
#39 in Commodities Trading (Books)
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Two purse lipped journalists from Bloomberg chronicle the dodgy dealings of ruthless capitalists with disreputable regimes, in order to put food on our plates and fuel our lifestyles.
Are these merchants really as bad as all that? No doubt the address books of Glencore, Vitol and others include some pretty unsavoury characters. But I write this review a day after the death of Queen Elizabeth II, who was also obliged to sup with some blood soaked tyrants: Brezhnev, Ceaucescu, Xi Jing Ping, numerous Arab sheikhs, Toni Blair...
The difference appears to be that it's all right if it's done for politics, but not if it's done for money. Hmmm.
Bringing the story up to date, you can be sure that Putin is being robbed blind by the oil traders as they help him get round sanctions and keep the lights on in India. Sanctions busting is older than the story of Jacob and Esau. And the bible approves of the subterfuge.
So I'm going to recommend this book to any parent with a child who has a sense of adventure and the desire to get stonkingly rich.
Meanwhile, if we are going to continue to invite devils to banquets in Buckingham Palace perhaps we should invest in some longer cutlery.
A lot of repeat from the Rich book published in 2009 and lacking depth as regards the current state of affairs in the Commodity World.
Something rather than nothing in this interesting subject but only just.
Reviewed in the United Kingdom 🇬🇧 on March 10, 2021