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The World for Sale
- Money, Power and the Traders Who Barter the Earth’s Resources
- Narrated by: John Sackville
- Length: 12 hrs and 4 mins
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Summary
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.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
Critic reviews
"The definitive, eye-opening story of the most powerful and secretive traders in the world." (Bradley Hope, co-author of Billion Dollar Whale)
"Blas and Farchy shine light on what's long been the financial markets' darkest corner - the crucial, yet underappreciated, role commodity traders play in global finance and geopolitics.... The World for Sale is a fascinating, eye-opening read." (Gregory Zuckerman, author of The Man Who Solved the Market)
"Javier Blas and Jack Farchy deftly peel back the curtain on the amoral swashbucklers of capitalism who trade in commodities.... The World for Sale is a gripping account of how they achieved their stranglehold over the world economy, and their troubling influence on global politics." (Brad Stone, author of The Everything Store)
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What listeners say about The World for Sale
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- KdL
- 17-11-21
Excellent piece of business journalism
Very good summary of major events in the natural resources sector for anyone who are interested in the topic. I covered the sector for a few years in the past and this book brings back all the good memories and put many entertaining events/anecdotes into perspective. The book didn't explain explicitly but has pointed out many many BIG ESG challenges faced by the sector. Fairly speaking, this is worst sector in each of Environment/Social/Government ranking across the world and this will continue to haunt the space in the near future. The audible version is conducted very well and very gripping. I actually wish the author could write more in each chapter. For those who want to know more about the mining/oil sector, this book will become a must read. Other books I would recommend are Prize, The King of Oil, Cold Steel, Twiggy (about Andrew Forest), Private Emire (ExxonMobil).
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14 people found this helpful
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- Arkhidamos
- 04-08-21
Utterly amoral, but interesting
The authors explain over and over again the ways that the commodity traders break laws, pollute, dodge tax, circumvent sanctions, finance wars and terrorism, deal with dictators, bribe government officials, subvert democracy and essentially pocket money stolen from the peoples of the world. To this, the authors manage to add comments about the misogynist atmosphere in which commodity trading was born, nourished and grew of age. Yet lacking from the book is any sense of moral repulsion. The authors clearly admire the men (and one woman) that are the epicentre of commodity trading. Swashbuckling, daredevil and other terms are routinely bandied about. The authors are careful to hedge against negative opinions by reassuring us that even if the commodity traders profited to the tune of billions from the skyrocketing cost of food (and thereby from the hunger of those in the developing world), and even if they manipulated the price of commodities to suit themselves, passing nothing extra back to the producers, they didn’t actually cause global food shortages in 2008 or 2010.
Undeniably these are clever people who seized on opportunities invisible to most. Necessary, however? To who? These commodity traders, urbane, cultured and utterly amoral spawn of Hayek and Rand, have blood on their hands. It’s mildly dispiriting that the authors insist, therefore, in writing in sometimes breathless style or hushed tones about their doings. That said, in terms of presenting the history of the development of commodity trading and linking in with the evolution of world history since the collapse of Bretton Woods, this is an incisive and insightful book.
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6 people found this helpful
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- Olubunmi Olajide
- 28-04-21
Brilliant book!
Equal parts history lesson, and thriller with so much information that reveals a secretive world.
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4 people found this helpful
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- Colin R. Matthews
- 30-12-21
An eye opener
A very illuminating read that had shown me what has been happening in the background throughout my life and what has been driving some of the events or effects globally without understanding who was pulling strings. Will be interesting to see how the commodity traders take hold of the electric revolution we are going through and also the control of the materials needed for this change.
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3 people found this helpful
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- Anonymous User
- 01-04-21
Informative
I really enjoyed this book, i found it informative. For me it provides another piece of the jigsaw
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3 people found this helpful
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- Jack Sutcliffe
- 27-03-21
Wonderful
Without a doubt the best book I’ve listened to during this whole covid period. Top marks to the authors.
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3 people found this helpful
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- Sam MacCuaig
- 10-03-21
Incredible
This is a phenomenal book from two authors who have managed to get incredible access and know how to write and engaging piece of work.
Can’t recommend highly enough. Rip roaring, shocking, funny and educational. Get this now if you are even slightly interested in the topic
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3 people found this helpful
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- David Houghton
- 24-03-21
Excellent
Well written & very insightful
Would recommend to anyone with even the slightest interest in this subject.
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2 people found this helpful
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- DSB
- 05-06-21
clear and jaw dropping
Great insight into the world of commodity trading. the vast sums of money made and how they have influenced so much power. brilliant
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1 person found this helpful
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- Mr
- 07-03-24
interesting investigation of a shady world
Like most people, I don't think a great deal about where the raw materials that go into my daily purchases comes from. "World For Sale" is an absorbing and revealing examination of the modern history (post world war 2) companies that wheel and deal in commodities around the world. It describes an industry that is vital to the economy, very profitable, and often up to its eyeballs in the corruption and sharp-practice that defines so many natural-resource producing nations.
Narrator is fine.
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