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

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Oxford University Press, 1 mar 2021 - 352 pagine
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 have 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 world 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 western 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.
 

Sommario

The Last Swashbucklers
1
1 The Pioneers
22
2 The Godfather of Oil
43
3 The Last Bank in Town
72
4 Paper Barrels
100
5 The Fall of Marc Rich
117
6 The Biggest ClosingDown Sale in History
133
7 Communism with Capitalist Influences
151
10 Destination Africa
218
11 Hunger and Profit
239
12 The Billionaire Factory
257
13 Merchants of Power
280
A Lot of Skeletons
304
Acknowledgements
329
Appendices
331
Notes
335

8 Big Bang
175
9 Petrodollars and Kleptocrats
197

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