This Freakonomics Episode, "The Most Powerful People You've Never Heard of" interviews authors Javier Blas and Jack Farchy about their book "The World For Sale" with of the same subtitle.
https://freakonomics.com/podcast/the-most-powerful-people-youve-never-heard-of-update/
This really tells the history of how raw materials BUSINESS - the virgin raw materials mined and cut and pumped out of the ground - how they are bought and sold, and WHO they have been bought and sold by since the 1930s (Mark Rich, original creator of Glencore, features, as does Trafigura which this blog covered 15 years ago as an actual case of Basel Convention dumping of industrial waste on Cote D'Ivoire in 2006 - by a virgin raw material mining and extraction company.
They don't use poverty porn. They have interviews of retired commodities traders who passed bags of cash to trade copper, lead, gold, oil, bauxite and other non-recycled virgin raw materials for decades. Recyclers, this is our competition.
No need for me to recap it. But if you are in the recycling business and don't know about Wagner Group, mining nationalization, bribes (historically deductible as a business expense in Switzerland), and how the Curse of Natural Resources works, then you are missing out on the main reason to keep doing what you are doing.
Just beneath the surface of the global economy, there is a hidden layer of dealmakers for whom war, chaos, and sanctions can be a great business opportunity. In this updated episode from 2025, journalists Javier Blas and Jack Farchy help us shine a light on the shadowy realm of commodity traders. You can find the transcript and show notes for this episode on our website here: https://freakonomics.com/podcast/the-... FOLLOW FREAKONOMICS RADIO: YouTube: https://freak.ws/3yIl6dl Apple Podcasts: https://freak.ws/3yAvQh0 Spotify: https://freak.ws/3TsdCmV



