Author:James Rickards
Empty shelves, petrol station queues and energy shortages: crises more familiar to those who lived through the 1960s and 1970s have now become a reality for many as global shipping times are squeezed, containers lie unopened at docks and supply shortages push up inflation, increasing the cost of consumer goods from milk to cars to building materials.
In Sold Out, James Rickards explains why the shelves are empty, who broke the supply chain and why shortages will persist. He breaks down the history and structure of business around the world to offer readers a behind-the-scenes look at what's really going on, and what they can do to mitigate the worst of what's to come.
Drawing on his financial expertise, he explains that consumers and investors need to be nimble to come through this unprecedented turn of events in good shape. Luckily, Rickards is on hand to provide the tools readers need to look ahead, monitor key trends and insulate against risks.
this thoughtful polemic... is clear, punchy and... convincing... their breezy, no-nonsense guide is packed with excellent advice - a plea for expertise rather than feeling, for pragmatism rather than ideology and for listening rather than shouting.
—— Christina Patterson , Sunday TimesTwo of the most thoughtful economists writing today ... Collier and Kay are interesting on almost every subject they alight upon.
—— Richard Reeves , Literary ReviewWritten by two of the UK's best economists, the book attacks the solipsistic individualism that permeates modern economics and far too much of modern society. The book's animating idea is that humans are first and foremost social animals. Our successes always depend on co-operation. The authors apply this concept to our economic, social and political institutions, which can, they argue, only be revived by being seen as self-sustaining communities.
—— Martin Wolf , Financial Times Books of the YearTheir analysis is pitiless and compelling. This is a fine, incisive polemic.
—— Clement Knox , TelegraphIn a provocative but thought-provoking and nuanced argument, Collier and Kay argue that our culture of hyper-centralisation is choking us.
—— Books of the Year , Daily Telegraph
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