A leading economist explores the global rise of the U.S. dollar and shows why its future stability is far from assuredOur Dollar, Your Problem argues that America’s currency might not have reached today’s lofty pinnacle without a certain amount of good luck. Drawing in part on his own experiences, including with policymakers and world leaders, Kenneth Rogoff animates the remarkable postwar run of the dollar—how it beat out the Japanese yen, the Soviet ruble, and the euro—and the challenges it faces today from crypto and the Chinese yuan, the end of reliably low inflation and interest rates, political instability, and the fracturing of the dollar bloc. Americans cannot take for granted that the Pax Dollar era will last indefinitely, not only because many countries are deeply frustrated with the system, but also because overconfidence and arrogance can lead to unforced errors. Rogoff shows how America’s outsized power and exorbitant privilege can spur financial instability—not just abroad but also at home. Read more

“An absorbing and thorough examination” of the Bank for International Settlements, “one of the world’s most important yet opaque institutions” (Reuters)Tower of Basel is the first investigative history of the world's most secretive global financial institution. Based on extensive archival research in Switzerland, Britain, and the United States, and in-depth interviews with key decision-makers -- including Paul Volcker, the former chairman of the US Federal Reserve; Sir Mervyn King, governor of the Bank of England; and former senior Bank for International Settlements managers and officials -- Tower of Basel tells the inside story of the Bank for International Settlements (BIS): the central bankers' own bank. Created by the governors of the Bank of England and the Reichsbank in 1930, and protected by an international treaty, the BIS and its assets are legally beyond the reach of any government or jurisdiction. The bank is untouchable. Swiss authorities have no jurisdiction over the bank or its premises. The BIS has just 140 customers but made tax-free profits of 1.17 billion in 2011-2012. Since its creation, the bank has been at the heart of global events but has often gone unnoticed. Under Thomas McKittrick, the bank's American president from 1940-1946, the BIS was open for business throughout the Second World War. The BIS accepted looted Nazi gold, conducted foreign exchange deals for the Reichsbank, and was used by both the Allies and the Axis powers as a secret contact point to keep the channels of international finance open. After 1945 the BIS -- still behind the scenes -- for decades provided the necessary technical and administrative support for the trans-European currency project, from the first attempts to harmonize exchange rates in the late 1940s to the launch of the Euro in 2002. It now stands at the center of efforts to build a new global financial and regulatory architecture, once again proving that it has the power to shape the financial rules of our world. Yet despite its pivotal role in the financial and political history of the last century and during the economic current crisis, the BIS has remained largely unknown -- until now. Read more

NEW YORK TIMES BESTSELLER * MORE THAN ONE MILLION COPIES SOLD “A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes—and to offer practical advice on how to navigate them well. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for what’s ahead. Read more

Los Angeles Times BestsellerHow do we stop the unrelenting evolution of the economic hit man strategy and China's takeover?The riveting third edition of this New York Times bestseller blows the whistle on China's economic hit man (EHM) strategy, exposes corruption on an international scale, and offers much-needed solutions for curing the degenerative Death Economy.In this shocking expos, former EHM John Perkins gives an insider view into the corrupt system that cheats and strong-arms countries around the globe out of trillions of dollars and ultimately causes staggering income inequality and ecological devastation.EHMs are highly paid professionals who use development loans to saddle countries with huge debts and force them to serve US interests. Now, a new EHM wave is infecting the world, and at the peak of the devastation sits China, a newly dominant economic power, with its own insidious version of the US EHM blueprint. Twelve explosive new chapters detail the allure, exploitation, and wreckage of China's EHM strategy in Latin America, Asia, Africa, the Middle East, and Europe.If allowed to continue its rampage, the EHM strategy-whether executed by the United States or China-will destroy life as we know it. However, all is not lost. Perkins offers a plan for transforming this system that places profits above all into a Life Economy that restores the earth. He inspires readers to take actions toward a new era of global cooperation that will end the United States's and China's EHM strategies for good. Read more

“Keyu Jin is a brilliant thinker.” —Tony Blair, former prime minster of the United KingdomA myth-dispelling, comprehensive guide to the Chinese economy and its path to ascendancy.China's economy has been booming for decades now. A formidable and emerging power on the world stage, the China that most Americans picture is only a rough sketch, based on American news coverage, policy, and ways of understanding. Enter Keyu Jin: a world-renowned economist who was born in China, educated in the U.S., and is now a tenured professor at the London School of Economics. A person fluent in both Eastern and Western cultures, and a voice of the new generation of Chinese who represent a radical break from the past, Jin is uniquely poised to explain how China became the most successful economic story of our time, as it has shifted from primarily state-owned enterprise to an economy that is thriving in entrepreneurship, and participation in the global economy.China’s economic realm is colorful and lively, filled with paradoxes and conundrums, and Jin believes that by understanding the Chinese model, the people, the culture and history in its true perspective, one can reconcile what may appear to be contradictions to the Western eye.What follows is an illuminating account of a burgeoning world power, its past, and its potential future. Read more

An award-winning economic journalist on why the US dollar is positioned to maintain global primacy—and what that means for America and the world   Prophecies that the dollar will lose its status as the world’s dominant currency have echoed for decades—and are increasing in volume. Cryptocurrency enthusiasts claim that Bitcoin or other blockchain-based monetary units will replace the dollar. Foreign policy hawks warn that China’s renminbi poses a lethal threat to the greenback. And sound money zealots predict that mounting US debt and inflation will surely erode the dollar’s value to the point of irrelevancy.   Contra the doomsayers, Paul Blustein shows that the dollar’s standing atop the world’s currency pyramid is impregnable, barring catastrophic policy missteps by the US government. Recounting how the United States has wielded the dollar to impose devastating sanctions against adversaries, Blustein explains that although targets such as Russia have found ways to limit the damage, Washington’s financial weaponry will retain potency long into the future. His message, however, is that America must not be complacent about the dollar; the great power that its supremacy confers comes with commensurate responsibility. Read more

One of Barack Obama’s Favorite Books of 2023 The Financial Times Business Book of the Year, this epic account of the decades-long battle to control one of the world’s most critical resources—microchip technology—with the United States and China increasingly in fierce competition is “pulse quickening…a nonfiction thriller” (The New York Times).You may be surprised to learn that microchips are the new oil—the scarce resource on which the modern world depends. Today, military, economic, and geopolitical power are built on a foundation of computer chips. Virtually everything—from missiles to microwaves—runs on chips, including cars, smartphones, the stock market, even the electric grid. Until recently, America designed and built the fastest chips and maintained its lead as the #1 superpower, but America’s edge is in danger of slipping, undermined by players in Taiwan, Korea, and Europe taking over manufacturing. Now, as Chip War reveals, China, which spends more on chips than any other product, is pouring billions into a chip-building initiative to catch up to the US. At stake is America’s military superiority and economic prosperity. Economic historian Chris Miller explains how the semiconductor came to play a critical role in modern life and how the US became dominant in chip design and manufacturing and applied this technology to military systems. America’s victory in the Cold War and its global military dominance stems from its ability to harness computing power more effectively than any other power. Until recently, China had been catching up, aligning its chip-building ambitions with military modernization. Illuminating, timely, and fascinating, Chip War is “an essential and engrossing landmark study" (London Times). Read more

The former Greek finance minister’s “deeply personal and very well written” account of negotiations over the Greek debt crisis (Financial Times).A #1 International BestsellerWhat happens when you take on the establishment? In Adults in the Room, the renowned economist and former finance minister of Greece Yanis Varoufakis gives the full, blistering account of his momentous clash with the mightiest economic and political forces on earth.After being swept into power with the left-wing Syriza party, Varoufakis attempts to renegotiate Greece’s relationship with the EU—and sparks a spectacular battle with global implications. Varoufakis’s new position sends him ricocheting between mass demonstrations in Athens, closed-door negotiations in drab EU and IMF offices, and furtive meetings with power brokers in Washington, D.C. He consults and quarrels with Barack Obama, Emmanuel Macron, Christine Lagarde, the economists Larry Summers and Jeffrey Sachs, and others, as he struggles to resolve Greece’s debt crisis without resorting to punishing austerity measures. But despite the mass support of the Greek people and the simple logic of Varoufakis’s arguments, he succeeds only in provoking the fury of Europe’s elite.Varoufakis’s unvarnished memoir is an urgent warning that the economic policies once embraced by the EU and the White House have failed—and spawned authoritarianism, populist revolt, and instability throughout the Western world. Adults in the Room is an extraordinary tale of brinkmanship, hypocrisy, collusion, and betrayal that will shake the global establishment to its foundations.“A gripping tale of an outspoken intellectual’s sudden immersion in high-stakes politics. . . . Varoufakis does a magnificent job of evoking the absurdities and frustrations of his tenure.” —Justin Fox, New York Times Book Review“Usually, books that are this heavily invested in financial minutiae don’t exactly keep you up at night, but Varoufakis’s account has the narrative drive of a rollicking detective novel.” —Stan Persky, The Los Angeles Review of Books Read more

America is the first country in history to fund the rise of its rivals. We need to stop now, before it’s too late. One of the most consequential U.S. Trade Representatives in our history, Robert Lighthizer led a great reset of American trade policy that has endured across Administrations. For more than 40 years, he litigated, negotiated, and editorialized against the failed policies of one-sided free trade as part of both the Reagan and Trump administrations and as a private lawyer. As Trade Representative, he fought against globalists, importers, lobbyists, foreign governments and big businesses whose interests diverged from those of the American workers.For decades, unbalanced “free” trade was the preferred option for the most powerful in Washington, and millions of ordinary Americans paid the price. Instead of prioritizing healthy American communities, good jobs, higher wages, and a promising future for our workers, Washington too often cared more about corporate profits, cheap imports and the concerns of foreign governments, including the Chinese. In return, we got cheaper coffee makers and tee shirts, while thousands of factories closed, wages stagnated, communities deteriorated, economic inequality rose in our country, and we racked up trillions of dollars in trade deficits.Part memoir, part history, and part policy analysis, No Trade is Free tells the story of how America found itself at this point and how the Trump administration took on the orthodoxy of the trade establishment, with astonishing results. With in-depth character sketches of some of the most important leaders of our time—from Donald Trump, to Xi Jinping, to Nancy Pelosi, to Andrés Manuel López Obrador—Lighthizer explains how trade negotiations actually work and why leverage is the key to success—no trade is free.This book is a wake-up call to our politicians, thought leaders, but most importantly, everyday Americans. It presents the case against the policies that have weakened America and left our families and communities behind. It argues for a worker-focused trade policy. It tells the story of our fight for every American job and how for the first time, a US administration took on China. But most importantly, it is a guide to the new world economy—one which will require a worker-focused trade policy. Read more

A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —EconomistShould the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer.Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present.“Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review“Magisterial.” —Foreign Affairs Read more

Tariffs are dominating the news cycle worldwide. But what are they, exactly? How do they work, and what can we expect?In 2025, President Donald Trump’s administration took an unprecedented step, imposing sweeping tariffs on imports from some of the world’s largest trading partners, from Canada and the European Union to China and even the most remote, uninhabited corners of the earth. These tariffs, ranging from blanket 10% duties to targeted hikes on specific industries, have redefined the landscape of global trade and set the stage for a new era of economic confrontation.J.E. Fowlers, best-selling author of Democracy at Risk, explores the long history and powerful forces behind this dramatic shift, revealing the profound impact tariffs will have on our lives like never before. He dives into the 2025 tariffs, unpacking how these new trade measures are not just about economics—they are a tool of political power. From the strategic decisions in the White House to the global maneuvering by multinational corporations, this book offers an eye-opening look at how tariffs are used to shape national policy, influence foreign relations, and control the flow of global commerce.But the 2025 tariffs aren’t just a reaction to today’s issues—they are part of a long history of protectionist policies that have shaped global trade for centuries. Fowlers traces the evolution of tariffs from the ancient world to the industrial era, through to the rise of economic powerhouses like the U.S. and China. He examines key moments in history, such as the Smoot-Hawley Tariff, the Cold War-era trade policies, and the modern push toward globalization, showing how these past policies laid the groundwork for the current tariff landscape.In this critical moment, tariffs have taken center stage as a driving force of economic strategy, affecting everything from manufacturing to the cost of consumer goods. With the 2025 tariffs acting as a focal point, Fowlers explores how they’ve reignited debates on trade wars, protectionism, and economic nationalism. These tariffs will change the prices we pay for everyday items, disrupt supply chains, and alter global power dynamics in ways we are only beginning to understand.From the impact on consumers facing price hikes on everything from food to electronics, to the consequences for countries in the Global South whose economies depend on exports to the U.S., Tariffs provides a comprehensive, inside look at the stakes involved.As tariffs become a fixture in the world’s economic landscape, understanding who controls them and how they shape our future has never been more important. Tariffs: What They Are, How They Work, and Why They’re Important is essential reading for understanding the complexities of modern trade policy—and the sweeping changes Trump’s tariffs will bring to every aspect of global commerce.No matter where you are in the world—the U.S., Canada, the UK, and beyond—tariffs are impacting your life more than ever. Buy now to understand why. Read more

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The multifront trade war, which started with solar panels and washing machines, quickly expanded to additional battles. Retaliatory tariffs were imposed, and the flow of global trade the world once knew was changed. Headlines reporting the China tariffs “on hold,” “truces announced,” or threats of additional tariffs being imposed feed the uncertainty, which roils markets to historic highs and dramatic selloffs.So how can one get a sense of the true status of trade and the good faith being pledged by countries like China?Through the trade flows!With 90 percent of the world’s economy moved by maritime transport, the ocean highway is the best way for anyone to gauge the status of trade talks as well as monitor the flow of trade. Lori Ann LaRocco takes readers inside the world of global trade and shows us: Containers and tankers don’t lie.This new book cuts through the political rhetoric and reminds us just how dangerous for the world economy and security a continuing trade war could be. Read the facts and learn some of the strategies business leaders are employing to navigate the trade wars. Read more

“A good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” —Bill Gates, “Top 5 Books of the Year”   An Economist Best Book of the Year from a reporter who has spent two decades in the region, and who the Financial Times said “should be named chief myth-buster for Asian business.”   In How Asia Works, Joe Studwell distills his extensive research into the economies of nine countries—Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China—into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.   Studwell’s in-depth analysis focuses on three main areas: land policy, manufacturing, and finance. Land reform has been essential to the success of Asian economies, giving a kick-start to development by utilizing a large workforce and providing capital for growth. With manufacturing, industrial development alone is not sufficient, Studwell argues. Instead, countries need “export discipline,” a government that forces companies to compete on the global scale. And in finance, effective regulation is essential for fostering, and sustaining growth. To explore all of these subjects, Studwell journeys far and wide, drawing on fascinating examples from a Philippine sugar baron’s stifling of reform to the explosive growth at a Korean steel mill.   “Provocative . . . How Asia Works is a striking and enlightening book . . . A lively mix of scholarship, reporting and polemic.” —The Economist Read more

As Pogo once said, "We have met the enemy and he is us."The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish.Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations. Read more

For readers of Walter Isaacson’s Steve Jobs and Chris Miller’s Chip War, a riveting look at how Apple helped build China’s dominance in electronics assembly and manufacturing only to find itself trapped in a relationship with an authoritarian state making ever-increasing demands.After struggling to build its products on three continents, Apple was lured by China’s seemingly inexhaustible supply of cheap labor. Soon it was sending thousands of engineers across the Pacific, training millions of workers, and spending hundreds of billions of dollars to create the world’s most sophisticated supply chain. These capabilities enabled Apple to build the 21st century’s most iconic products—in staggering volume and for enormous profit. Without explicitly intending to, Apple built an advanced electronics industry within China, only to discover that its massive investments in technology upgrades had inadvertently given Beijing a power that could be weaponized. In Apple in China, journalist Patrick McGee draws on more than two hundred interviews with former executives and engineers, supplementing their stories with unreported meetings held by Steve Jobs, emails between top executives, and internal memos regarding threats from Chinese competition. The book highlights the unknown characters who were instrumental in Apple’s ascent and who tried to forge a different path, including the Mormon missionary who established the Apple Store in China; the “Gang of Eight” executives tasked with placating Beijing; and an idealistic veteran whose hopes of improving the lives of factory workers were crushed by both Cupertino’s operational demands and Xi Jinping’s war on civil society. Apple in China is the sometimes disturbing and always revelatory story of how an outspoken, proud company that once praised “rebels” and “troublemakers”—the company that encouraged us all to “Think Different”—devolved into passively cooperating with a belligerent regime that increasingly controls its fate. Read more

From a bestselling author with unprecedented access to Pope Francis, an investigative look at the recent financial scandals at the highest levels of the VaticanA veritable war is waging in the Church: on one side, there is Pope Francis’s strong message for one church of the poor and all; on the other, there is the old Curia with its endless enemies, and the old and new lobbies struggling to preserve their not-so-Christian privileges.The old guard do not back down, they are ready to use all means necessary to stay in control and continue the immoral way they conduct their business. They resist reforms sought by Pope Francis and seek to delegitimize their opponents, to isolate those who want to eliminate corruption. It’s a war that will determine the future of the church. And if he loses the battle against secular interests and blackmail, Pope Francis could resign, much like his predecessor. Based on confidential information—including top secret documents from inside the Vatican, and actual transcripts of Pope Francis’s admonishments to the papal court about the lack of financial oversight and responsibility—Merchants in the Temple illustrates all the undercover work conducted by the Pope since his election and shows the reader who his real enemies are. It reveals the instruments Francis is using to reform the Vatican and rid it, once and for all, of the overwhelming corruption traditionally encrusted in the Roman Catholic Church.Merchants in the Temple is a startling book that will shock every reader. It’s a story worthy of a Dan Brown novel, with its electrifying details of the trickery and scheming against the papacy—except that it is real. Read more

A Financial Times and Economist Best Book of the Year exploring world trade from Mesopotamia in 3,000 BC to modern globalization.   How did trade evolve to the point where we don’t think twice about biting into an apple from the other side of the world?   In A Splendid Exchange, William J. Bernstein, bestselling author of The Birth of Plenty, traces the story of global commerce from its prehistoric origins to the myriad controversies surrounding it today. Journey from ancient sailing ships carrying silk from China to Rome in the second century to the rise and fall of the Portuguese monopoly on spices in the sixteenth; from the American trade battles of the early twentieth century to the modern era of televisions from Taiwan, lettuce from Mexico, and T-shirts from China.   Bernstein conveys trade and globalization not in political terms, but rather as an ever-evolving historical constant, like war or religion, that will continue to foster the growth of intellectual capital, shrink the world, and propel the trajectory of the human species.   “[An] entertaining and greatly enlightening book.” —The New York Times   “A work of which Adam Smith and Max Weber would have approved.” —Foreign Affairs   “[Weaves] skillfully between rollicking adventures and scholarship.” —Pietra Rivoli, author of The Travels of a T-Shirt in the Global Economy Read more

China dominates manufacturing and is the world's largest retail market, but for companies outside of China, finding ways to do business in the country is increasingly uncertain in the face of rising US-China tension, combined with China's crackdowns on the tech and education sectors.Shaun Rein runs the China Market Research Group and has spent his career helping multinationals understand where the opportunities are in China. An American who's lived in Shanghai for 25 years, he has long been one of the biggest China bulls. He now argues that while China is not a must-go destination for all companies and investors, there are still many non-politically sensitive sectors where long-term opportunities can be sought.The Split analysis the geo-political split between the US and China, China's sharp turn towards socialism and how this will cut into fat margins in many sectors. It explains why corporations in sectors such as semiconductors and AI should stay clear of China and relocate to other countries like Vietnam, India and Mexico. Yet principally, Rein makes the case that that fears about China's shift are far overblown and that for most sectors it should remain the main growth driver for even the largest companies. Expert insights into China's national policy reforms, its rising middle class seeking to save and invest, and their focus on health and wellness, will inform the international strategic decisions for companies around the world in sectors such as finance, consumer goods and auto.China will soon eclipse the United States as the world's largest economy and companies will lose out if they do not know how to invest in China properly. No company has been able to get into China for 3 years. Shaun Rein hasn't left. He's therefore uniquely positioned to advise now that China is opening up again.The Split presents a unique and informed case for why the time is definitely now to capitalize on policy changes and trends in China that will support long-term opportunities for your business. Read more

By the New York Times’s Global Economics Correspondent, an extraordinary journey to understand the worldwide supply chain—exposing both the fascinating pathways of manufacturing and transportation that bring products to your doorstep, and the ruthless business logic that has left local communities at the mercy of a complex and fragile network for their basic necessities."A tale that will change how you look at the world." —Mark LeibovichNamed a Best Book of the Year by Foreign Policy and The Aspen Institute * Longlisted for the Porchlight Business Book AwardHow does the wealthiest country on earth run out of protective gear in the middle of a public health catastrophe? How do its parents find themselves unable to locate crucially needed infant formula? How do its largest companies spend billions of dollars making cars that no one can drive for a lack of chips?The last few years have radically highlighted the intricacy and fragility of the global supply chain. Enormous ships were stuck at sea, warehouses overflowed, and delivery trucks stalled. The result was a scarcity of everything from breakfast cereal to medical devices, from frivolous goods to lifesaving necessities. And while the scale of the pandemic shock was unprecedented, it underscored the troubling reality that the system was fundamentally at risk of descending into chaos all along. And it still is. Sabotaged by financial interests, loss of transparency in markets, and worsening working conditions for the people tasked with keeping the gears turning, our global supply chain has become perpetually on the brink of collapse.In How the World Ran Out of Everything, award-winning journalist Peter S. Goodman reveals the fascinating innerworkings of our supply chain and the factors that have led to its constant, dangerous vulnerability. His reporting takes readers deep into the elaborate system, showcasing the triumphs and struggles of the human players who operate it—from factories in Asia and an almond grower in Northern California, to a group of striking railroad workers in Texas, to a truck driver who Goodman accompanies across hundreds of miles of the Great Plains. Through their stories, Goodman weaves a powerful argument for reforming a supply chain to become truly reliable and resilient, demanding a radical redrawing of the bargain between labor and shareholders, and deeper attention paid to how we get the things we need.From one of the most respected economic journalists working today, How the World Ran Out of Everything is a fiercely smart, deeply informative look at how our supply chain operates, and why its reform is crucial—not only to avoid dysfunction in our day to day lives, but to protect the fate of our global fortunes.  Read more