The World for Sale
The World for Sale
Javier Blas
Trung Phan
[Has] comparable breadth as The Prize in terms of globe-spanning industries. - Trung Phan
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The World for Sale

The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

Javier Blas
By
Javier Blas
4.3
8320
ratings on Goodreads

In "The World for Sale," Javier Blas and Jack Farchy embark on a riveting exploration into the shadowy realm of commodity trading, a sphere where the stakes are high and the players wield influence that reaches into the deepest corridors of power across the globe. With unparalleled access and meticulous research, the authors unveil the astonishing saga of how a handful of traders, operating from the fringes of the financial world, became pivotal actors in the global economy, dictating the flow of oil, metals, and food. Through their narrative, Blas and Farchy not only chart the meteoric rise of these traders but also scrutinize the moral complexities of their operations, which often blur the lines between legal and illicit, ethical and reprehensible. This book is a masterclass in investigative journalism, presenting a compelling tableau of the men who trade the earth's resources with little regard for the geopolitical or human consequences. From fueling wars to exploiting disaster zones, these traders emerge not just as profit-maximizers but as potentates with the power to shape economies, influence governments, and alter the course of history. "The World for Sale" is more than a chronicle of commodity trading; it is a profound commentary on the nature of capitalism and the shadowy figures who navigate its murky waters, making it an essential read for anyone seeking to understand the real forces that move our modern world.

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Released
2021
1 Jun
Length
320
Pages

1

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recommendation

[Has] comparable breadth as The Prize in terms of globe-spanning industries. - Trung Phan
The commodity traders are arbitragers par excellence, trying to exploit a series of differences in prices. Because they’re doing deals to buy and to sell all the time, they are often indifferent to whether commodity prices overall go up or down. What matters to them is the price disparity – between different locations, different qualities or forms of a product, and different delivery dates. By exploiting these price differences, they help to make markets more efficient, directing resources to their highest value uses in response to price signals. They are, in the words of one academic, the visible manifestation of Adam Smith’s invisible hand.
— Javier Blas, The World for Sale

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