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Extractive Capitalism : How Commodities and Cronyism Drive the Global Economy - Laleh Khalili

Extractive Capitalism

How Commodities and Cronyism Drive the Global Economy

By: Laleh Khalili

eBook | 1 May 2025

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A Financial Times 'What to read in 2025' Book

'Essential reading' Françoise Verges, author of A Decolonial Feminism

'Profound and compelling ... A book that I couldn't put down' Adam Hanieh, author of Crude Capitalism

Whether it's pumping oil, mining resources or shipping commodities across oceans, the global economy runs on extraction. Promises of frictionless trade and lucrative speculation are the hallmarks of our era, but the backbone of globalisation is still low-cost labour and rapacious corporate control. Extractive capitalism is what made - and is still making - our unequal world.

Professor Laleh Khalili reflects on the hidden stories behind late capitalism, from seafarers abandoned on debt-ridden container ships to the nefarious reach of consultancy firms and the cronyism that drives record-breaking profits. Piercing, wry and constantly revealing, Extractive Capitalism brings vividly to light the dark truths behind the world's most voracious industries.

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