PETER TAAFFE reviews an impressive analysis of the role of commodity traders in ‘modern’ capitalism.
The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources
By Javier Blas and Jack Farchy
Published by Random House Business, 2021, £20
The World for Sale is an impressive, illuminating analysis of the corrosive rottenness and the corruption of ‘modern’ world capitalism. It couldn’t have come at a more appropriate time for Britain, where the Johnson Tory government is engulfed in allegations of gross influence-peddling, ‘chumocracy’ and outright bribery.
Written by two former journalists from the Financial Times, Javier Blas and Jack Farchy, with expert and inside knowledge of the workings of the system, it reveals the corruption of world capitalism – on an absolutely gargantuan scale! The book describes in nauseating detail how a handful of ‘commodity traders’ facilitated the theft of the world’s resources, further impoverishing the masses in the collapsing ex-Stalinist states and in the neo-colonial world. Their work allows us to understand how these gangsters gained through the colossal theft of previously nationalised industries and economies in the ex-Stalinist states. At the same time, there were opportunities resulting from a new imperialist scramble for Africa, Asia, Latin America and indeed the whole world. This was facilitated by these traders. This new stratum of the international capitalist class exploited the lucrative niches in finance capitalism, stacked up riches for themselves and, in the process, has in effect carried out a new re-colonisation of the world.
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