In mountainous Wenzhou “the emperor is far away” and the freest of markets reign.
As it approaches a public offering, how Glencore—founded by the legendary fugitive March Rich—cornered the market for just about everything by working with dictators and spies.
How KFC brought fried chicken to China and Africa as U.S. sales slumped.
How the U.S. lost out on iPhone work.
The world’s fastest growing economy isn’t China; it’s the “unheralded alternative economic universe of System D” aka the $10 trillion global black market.
Who simultaneously did business with the U.S. government, the besieged Syrian regime, and the Libyan rebels last month? The group of 16 trading houses that collectively are “worth over a trillion dollars in annual revenue and control more than half the world’s freely traded commodities.”
On the current state of the global economy and the inevitable decline of the U.K. and the U.S.:
A decade-long slowdown would accelerate this shift in global wealth and power and would be a grim thing to live through, but from a world-historical perspective it might not be a game-changer: it might just be the non-scenic route to the place we’re going anyway.
As Europe, led by Greece and Ireland and followed by Portugal and Spain, tumbles towards economic catastrophe, only one nation can save the continent from financial ruin: a highly reluctant Germany.
What it means to be an entrepreneur in Argentina, where economic crashes are a way of life.
On the investors betting big on the Iraqi economy, which they believe has nowhere to go but up.
How automated ‘execution algorithms’ are taking the world’s markets on a wild ride that few economists can even understand, much less control.