The World for Sale

Shortlisted for the Financial Times & McKinsey Business Book of the Year Award
An Economist Book of the Year

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 have come from. But we should.

The World for Sale lifts the lid on one of the least scrutinized corners of the world economy: 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 centers. 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.

Javier Blas and Jack Farchy are two of the best-known journalists covering energy, commodities and trading houses. Today, they both work for Bloomberg News, where Blas is Chief Energy Correspondent and Farchy is a Senior Reporter covering natural resources. Working together both at the Financial Times and now at Bloomberg, they’ve interviewed most of the key figures in the commodity trading industry, in many cases the first interviews the traders had ever given. They have an extensive network of contacts among executives, financiers, investors, government officials and civil society. They founded the FT Global Commodities Summit, an annual conference which has become established as the pre-eminent gathering of the industry. This is their first book.