consumers

Book review – The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources

8-minute read

From the food we eat and the fuel we burn to the materials that make up our everyday objects – we live in a material world. The traders who get these commodities from producers to consumers are key players in the world economy, yet also some of the most secretive and least scrutinised. Javier Blas and Jack Farchy are two journalists who report on energy and natural resources for Bloomberg News. In The World for Sale, they rip the veil off this sector, exposing the often dubious and amoral ways in which some trading houses have amassed staggering fortunes. I expect that this eye-popping exposé, which sometimes reads more like a crime novel, will be warmly welcomed by both seasoned readers of business books and inquisitive passers-by.

The World for Sale (more…)

Book review – The European Guilds: An Economic Analysis

8-minute read

This review is a case of one book leading to another. When I read Carl Benedikt Frey’s The Technology Trap, one argument he raised as to why the Industrial Revolution arrived as late as it did, was the resistance to innovation by guilds. But beyond certain vague and probably romantic notions, what do I really know about medieval guilds? And thus I found myself sitting down with The European Guilds, a hefty 645-page book by economic historian Sheilagh Ogilvie, published in The Princeton Economic History of the Western World series. This meticulously argued book crushes the idea that guilds served the common good. Instead, argues Ogilvie, through their profiteering they held Europe in an economic stranglehold that lasted for centuries.

The European Guilds (more…)

Book review – Future Sea: How to Rescue and Protect the World’s Oceans

7-minute read

In his book Half-Earth, the famous biologist E.O. Wilson proposed setting aside half of the planet’s surface for conservation purposes. Deborah Rowan Wright will do you one better; given how important they are for life on the planet, how about we completely protect the oceans. What, all of it? Yes, not half, all of it. We need a gestalt shift, from “default profit and exploitation to default care and respect” (p. 11). Such a bold proposal is likely to elicit disbelief and cynicism – “Impossible!” – and Wright has experienced plenty of that. But hear her out, for sometimes we are our own worst enemy. Future Sea is a surprisingly grounded, balanced, and knowledgeable argument that swayed me because, guess what, the oceans are already protected.

Future Sea (more…)