‘One of the flashpoints for change, in which political orders can suddenly collapse after decades of apparent stability, is prices.’
On this week’s podcast, Grace talks to Rupert Russell about his book Price Wars: How the Commodities Markets Made Our Chaotic World, in which he applies insights from chaos theory to the world economy.
They discuss how apparently random movements in prices, often driven by speculation in the Global North, can create tectonic shifts that multiply around the world.
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