Markerich er started out at a company called philit brothers, which was the biggest commodity trader of its day in the 19 forties and fifties. In 19 74, he set out on on and started mark richandco,. And very soon became the world's largest oil trader. He tried to corner the zinc market, to bup all the world's supply of zinc and squeeze the price higher. His appetite for risk was more than phillip brothers' bosses could handle. The book shows exactly the amount of power these traders had round the world, but also said, of em, the lack of accountability. They could make as much difference as any democratically elected government
Russia’s invasion of Ukraine has laid bare the West’s reliance on Russian oil and gas. Around 40 per cent of Europe’s gas comes from Russia, while some 7 per cent of US oil is Russian. Journalists Javier Blas and Jack Farchy’s new book, The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources, tells the story of how trading commodities such as these has shaped the global financial landscape and why we find ourselves in a pivotal moment in which geopolitical and economic relationships are being tested. Investigative journalist and Manveen Rana speaks with Javier and Jack about the book and its wider themes.
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