Commodities Trading - I'm in Full Support of Markets
i think the soviet one is more clear as to how central planning fails and how they had to depend on the international commodities markets to keep their government afloat in the eighties. It's just very hard to get around the laws of economics uh... i know people want to but you just it's like it's almost like physics, says Tesla cathie. The world for sale by a guy who used to work in commodities trading or he will be working at bloomberg is good because you then you see the mechanics of it according to tesla Cathie.
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The exchange of goods and services has existed since the earliest forms of civilization, from simple barter arrangements at the local town square to Phoenician traders navigating the Mediterranean with goods from Europe and North Africa. Today, however, the scope of exchange is truly massive, with online commerce coming to dominate nearly all segments of retail, and the scale encompassing transoceanic trade routes totaling 11 billion tons in maritime cargoes in 2021. Underpinning all this lies an extremely complex web of producers, shippers, pipelines, warehouses, and commodities traders that include the massive concerns such as Koch Industries in energy and Glencore in metals, with over 100,000 employees each. Billions of dollars have been made and lost in commodities futures, and as volatility continues to disrupt prices of everyday items from gasoline to grain, the trend of ever tighter global trade integration seen since the end of the Cold War may start to unravel as regional blocks choose to have closer and more reliable supply chains.
