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War in Ukraine, a global hunger crisis, the West's cost of living
crisis - the eruptions of 2022 were all too predictable. In Price
Wars, Rupert Russell lays out just how these crises are connected
and how many such events plunged the 2010s into a decade of
turmoil. Entering the eye of the storm - from the trenches of
Russian separatist-controlled Donbas to bomb disposal squads in
Mosul to cattle raiders in Kenya - Russell discovers a butterfly
effect of chaos in the real world being driven by chaos in the
commodities markets. The price of food and oil has the power to
bankroll foreign invasions, plunge continents into poverty and
spark revolutions, civil wars and refugee crises. And these prices,
whistle-blowing hedge fund managers and Nobel Prize winners told
him, have become irrational. In this thrilling expose of the dark
financial forces that rule our world, Russell takes us on adventure
into the inner workings of global disorder unlike any other.
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Stroud (Hardcover)
Rupert Russell
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R470
Discovery Miles 4 700
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Ships in 12 - 17 working days
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Stroud is a compact cultural soup of stories waiting to be told.
Rupert's photographs take you under the skin of the people in this
unique town, at times part of the picture-perfect Cotswolds it
occupies and at times set very apart.
For Rupert Russell, the shock of the Trump-Brexit victories was
only the latest in a decade full of them: the unstoppable war in
Syria, huge migrant flows into Europe, beheadings in Iraq, children
caged at the US border. In Price Wars he sets out on an improbable
journey to investigate what caused the wave of chaos that consumed
the world in the 2010s. Armed with a notebook, flak jacket and pink
socks, Russell travels to modern apocalypses across five
continents, embedding with separatist soldiers in the trenches of
Eastern Ukraine, gangs of street kids battling over garbage in
Caracas, the UN bomb disposal squad in Iraq and cattle raiders in
Northern Kenya. He traces the origins of these conflicts back to
dramatic and mysterious swings in the prices of essential
commodities. He meets with commodity speculators who describe the
inner workings of these volatile markets, explaining how food
prices can spike even in years of abundant harvests, causing bread
riots and revolutions. Oil prices can surge on rumours, enriching
and emboldening dictators and terrorists alike. These price shocks,
and many others across the decade, triggered local disasters that
became global catastrophes. It is chaotic prices, Russell learned,
fuelled by banks and hedge funds in New York and London, that have
toppled regimes and fractured the West. Price Wars is a
page-turning chronicle of discovery and a ground-breaking expose of
the power of price to devastate the world.
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