Sold Out: How Broken Supply Chains, Surging Inflation and Political Instability Will Sink the Global Economy

by James Rickards

Empty shelves, petrol station queues and energy 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.

Genres: Economics, Nonfiction, Business, Finance, Politics, Audiobook

272 pages, Paperback

First published December 1, 2022

Reviews

[CatReader · Rating 3 out of 5]

It's fair to assume we're all affected in some way by global supply chain issues in the last few years, whether it's not finding the items we need at the grocery store or having our work come to a grinding halt because we're out of a critical supply. So I was very intrigued by the premise of this book, having been fascinated to read other books on economic logistics (Rose George's Ninety Percent of Everything: Inside Shipping, the Invisible Industry That Puts Clothes on Your Back, Gas in Your Car, and Food on Your Plate, and Christopher Mims' Arriving Today: From Factory to Front Door-Why Everything Has Changed About How and What We Buy, and even the 80s classic, The Goal: The Process of Ongoing Improvement by Eliyahu Goldratt).

Rickards is an economist and investor and makes a lot of interesting insights in this book, tracing the current supply chain crisis to events from the 1960s until now. The pace and writing went a bit over my head as a layperson. I found the book fascinating for the most part and will definitely be seeking out more books and resources to understand this topic. The thing I took issue with is Rickards' controversial and largely factually incorrect opinions about climate change and COVID. Unless he is also an ecologist, a physician, or a scientist (which I don't see anywhere in his credentials), his opinions on these topics have no place in this book, and unfortunately tarnished it for me and prevent me from recommending it without reservation to others.

[Nigel · Rating 3 out of 5]

It’s hard to rate the book, I’d rather to write it
Another way, but you can’t write it another way unless you start the conversation.

The decline of the market collapse is cause of come mobility and most the population becomes white collar jobs and blue collar jobs and green collar jobs become replaced by AI 🤖….. I don’t think people really see the scale of of it in the news 🗞️ or if it’s worded as a market collapse. But innovation or loss of brain power. Or morally bankrupt on a securities for job security.

Bringing manufacturing jobs back from foreign countries to America that are just gonna be replaced by AI it’s not a market 2.0 I bet it’s good for bills and foreign debt but some where people gotta say if the machines going to replace a human, it should be tax similarly just like a human being a lax corporations don’t own all the property that families own property and passive citizens….

Those foreign jobs are lifting foreign countries out of debt to continue with trade in a domestic country, but it is a supply chain, breaking in the halves and halves not looking for other means to enslave the people into a corporate commodification.




Talks of breakdown of global trade chains crumbling apart is a start of world war, when the haves and haves not start breaking apart. Are things going to get more expensive? They say it wasn’t Covid that broke supply chains ⛓️‍💥 This chain was global trade chain breaking apart well before Covid.

An interesting book.
I think he is republican although lots of blaming democrats in the book 📕 hardly ever looking at the republicans side in calling in faults. It’s definitely 💯 read as a bias 📕 book. But still worth its read if you can see the how’s instead of the what’s…. The most expensive word in business is what…
He does say it lots and moreover to point blame at “democrats”which is why it’s the most expensive word in business.

Part One: The Global Supply Chain
That there are shortages
Chapter One: The Shelves Are Bare
Shortages are break of the supply chain are before Covid not cause of Covid
Chapter Two: Who Broke the Supply Chain?
The green new deal, wonder what will work
Chapter Three: Why Shortages
Will Persist
Over population have and have nots and the crumbling of birth rate will have many countries recess
Part Two: The Role of money —>to circlulate between classes, the death of middle class happen way before with a stronger economy with low wages and low home prices is a stronger economic and a stronger state province.

Chapter Four: Will Inflation Linger?

Inflation is showing a strong economy,
It’s not gold that is rising it’s the dollar deflating. Even as proficiency and efficiency is improving.
Birth rates continue to fall which the more people there are the less they’ll pay a worker for supply and demand. But no increase in wages means lower interest rates but poor
Income mobility

Chapter Five: Is Deflation the Threat?

When money isn’t circulating between classes as it’s meant to be, from
Working class to Middle classes to landowners to disabled. The threat is people becoming passive citizens in their own country and not owning property or becoming entrepreneurs like republicans means….

The lack of savings or owning domestic debt and having more
Foreign debt is if a country wishes to cash in on it and you’re not the world currency it’s defaulting or printing more money which deflates.

There should be dividends and bonds on foreign debt and saving becoming domestic debt with a land tax to increase property to citizens, to democratize property…not people…

How come republicans are not seeing the Hugh corporate buy outs of land and renting is a deflating threat. People are losing financial and wealth in domestic debt and it’s going to foreign debt.

If a UBI just gave $1600 a
Month people could have an incentive to work to
Increase to $3000 $2500 or the homeless getting $75k could make
Then buy a car with no credit check and rent a place and get to work.

A free cash hand out would be supplied with a
Land tax that would incourage home
Ownership to one family not thousands of
Home to one corporation. Making people have domestic debt and not foreign debt on bills out of country to assets in domestic debt.

Conclusion:

We need pandemic more restriction is hysteria but necessary doesn’t have to be decided by rural
People but city people, taking 1.5 billion cars off the road and that debt on vehicles to public transportation that’s moves people AI in self in self driving cars would also cut bills and reduce foreign debt to a property to entrepreneurship<—— having more
Time to volunteer and gather to
Build community and infrastructure due to the availability of
Time and a UBI.

Like the 1400 when people worked 160-180 days and had 14 weeks off they built cathedrals and all these old buildings as a community to generations.

The lack of
Available time and medicate the drive, to
Work and health rather than what most
Modern people think
As post modernism is the lack
Of knowledge, time, and experience with commoditifaction that are heavily subsidized to take the family out of entrepreneurship and subsidized, corporations, and property and wealth.

Peoples buying habits have already changed you don’t see people collecting dolls or teeny weenie babies or stuffy or thingamajigs. People are not buying things because of inflation and commodification is gonna go up the next day if people are not buying a dryer because driers are gonna be more expensive in a year interest rates are so low Benefits, corporations I can do sales some year parts of the year have high prices when things are needed commodities aren’t like they were in the 1980s when income mobility and supply demand is not inflation. It may work the same and it might be the same for intellect and will For the people seeing the real estate bubble and the corporate identity buying up all the family’s land and real estate where the acid bubble where the money bubble that low wages that Republicans are doing to secure the state and the economy for the market for strong state is going to make so much problemswith wealth, disparages and the rich gang richer and the poor gang poor.

Has more to do with a green hole deal and changing peoples spending habits.

And people having credit card debt or credit line debt rather than outright earning something, but renting to use something instead to a corporate identity and the commodification of everything .


People are buying phones that are learning assistance or tablets for access to information ensure that has a problem with the youth with anxiety and depression, but people that are mature, and their brains are developed are using those tools to get ahead in the workforce and to learn new things and continue learning new things all throughout their life Those life skills with low expectations.

There is such poverty in the gold standard worldwide. It’s just as a virtual currency as a dollar is a virtual currency, good point of exploit eating and human rights violations with a foreign market and foreign debt and market 201 rather than the human rights violations of enslavement , that corporations can get away with in a foreign market and hidden costs were if they were domestically marketed would know the real price and would have foreign human rights violations a gold standard is not going to improve poverty.

[Adam]

His blatant political bias gets in the way of what is otherwise an interesting topic for a book.

[Popup-ch · Rating 3 out of 5]

Rickards is convinced that the end of the world is just around the corner. The way that supply chains stretched to the breaking point (and sometimes beyond) during the covid-induced poly-crisis of 2022 is in his mind only the starting shot for a global disaster. That prediction aged like milk. Within six months of the publication of the book, global shipping costs came back to almost pre-crisis levels.

He also predicted the breakdown of international supply-chains, and further trade-war escalations. Chinas inevitable collapse (caused as much by aging as by mismanagement) will force manufacturing to home-shore (or 'friend-shore') more and more manufacturing.

In many ways the book echoes Peter Zeihan's 'The End of the World is just the Beginning'. Both predict that the US will withdraw from the rest of the world, and become self-sufficient in most commodities. Rickards is probably a little less isolationist, and proposes a new 'supply chain 2.0', which is a 'coalition of the willing', where free liberal democracies will be able to exchange freely, without interference from despots.

Rickards also refuses to accept anthropogenic global warming, and believes that during the covid-19 pandemic, government mask- and vaccine- mandates caused more ill than the virus. Topics that have been well researched by people more expert in these respective domains.

Maybe I'm more of an innocent optimist, but I believe in the power of the invisible hand and market forces to keep the global freight system working. Sure - prices may end up higher than before the pandemic, but when shipping costs increased by a factor of ten, the result was that more and bigger ships were being built.

[Johnny · Rating 1 out of 5]

Deeply disappointed

I give one star because the book is not completely useless, as I have learnt something about inflation and the breakdown of the supply chain.

But I am amazed at the display of American moral superiority and the constant China bashing in the book. He accused China of genocide without evidence when the hands of US and its allies were full of blood.

It is quite clear the author is largely blinded by his extreme political ideology and, as a result, while some of his analyses might well be otherwise sound, his conclusions and recommendations are horribly flawed.

For example, the author advocated creating another trading bloc completely excluding China and other countries he labeled as in the "totalitarian" camp, and shutting off American firms which trade with China.

At p.200, he said :

If Apple wants to manufacture in China and sell to the Chinese that’s fine, but they’ll be banned from the U.S. market and the markets of college members.

I rest my case on whether this is a book you want to spend your precious time on.

[David · Rating 2 out of 5]

Could have been a long magazine article, a la The New Yorker, instead of a full book ... Not as enlightening as his previous books, and his customary simple & logical, yet thorough, writing style deserted him at times. More charts and graphs would have been helpful, although I bet publishers want to avoid those as they don't serve listeners of audiobooks ...

[Borislav Boev · Rating 5 out of 5]

Excellent book about the breakdown of the supply chain, especially in the face of macroeconomic, geopolitical, energy, financial and political crisis.
In this book, Jim Rickards takes a detailed look and analysis on the causes of the current supply chain breakdown, and specifically how factors such as bad energy policy, inadequate fiscal policy, bad labor market, and a poor policy-making are causing the supply chains problems worldwide.
I recommend it to anyone interested in these issues.

Великолепна книга за състоянието на веригата на доставки в условията на макроикономическа, геополитическа, енергийна, финансова и политическа криза.
В тази книга Джим Рикардс детайлно разглежда причините за настоящия разпад на веригата на доставки, и по-точно как отделните фактори като лоша енергийна политика, неадекватна бюджетна политика и лош политически климат влияят върху логистичните проблеми в целия свят.
Препоръчвам на всеки, който се интересува от тези проблеми.

[Pedro L. Fragoso · Rating 5 out of 5]

It's actually Rickards best book, which is pretty amazing, given the stellar quality of his remarkable body of work. If one wants to understand the economic, demographic and even civilizational predicaments of our current dispensation, this work is peerless in its candor, grasp of fundamentals and delivery. Best book of the year!

"Russia did not inflict this damage on the United States. The damage was self-inflicted due to the ignorance of U.S. officials of the dense interconnectedness of global finance and the boomerang effects of all-out economic warfare. Financial sanctions will reduce global liquidity, increase market uncertainty, and possibly trigger a global financial panic of the kind seen in 2008. Inflation is the first and most obvious symptom; it will be far from the last.

"The point of this expansive list of supply chain impediments is that none are going away soon. Climate change alarm is an effective channel for globalist ambitions in the financial sector. It will not fade quickly, even as its unfounded claims are increasingly disproved. Energy shortages and higher energy prices go hand in hand with the elites’ green agenda promulgated from the bastions of academia, government, and banks. This damage will last for years. The turning point may not occur until elites themselves are freezing in the dark. China’s conscious decoupling from existing supply chains is part of a broader strategy of self-reliance driven by Xi Jinping’s insecure standing and a candid acknowledgment that the West is decoupling from China in any case. Chinese decoupling will take decades unless interrupted by regime change, which will be even more disruptive. In the West, onshoring and reshoring to democratic locales as advocated by the Five Eyes is under way yet will also take decades. The result will be higher costs for consumers, offset by better-paying jobs with benefits and higher-quality products. Russia’s ambitions in Eastern Europe and Central Asia will play out over decades as well. That’s in the nature of empire building, or in this case, rebuilding. Aftereffects of the pandemic will last until the 2050s in the same manner that the frugality of the Great Depression did not fade until the 1960s. Mental-health effects and adaptive behavior last longer than viruses. Dominating all these trends is a demographic disaster the likes of which has not been seen since the Black Death, maybe ever. The demographic ship cannot be turned to a healthier path until 2070 or later.

"Supply chains were nearly perfected over the thirty years from 1989 to 2019. They were disrupted in a mere three years by trade wars, pandemic, climate alarm, decoupling, energy shortages, geopolitics, and demographics. They will be rebuilt in time, but not quickly. In the meantime, money is the medium through which supply chain stress is relayed."

[Adrian · Rating 5 out of 5]

Timely and highly efficient, Rickards examines a less familiar area, supply chains, but uses his usual flair for explaining the implications for the world economy.
The book opens by examining the reality of supply chains, something most of us will need a refresher on, and proceeds to explain the ramifications of supply chain break down, and how this can take years, even decades, to rebuild.
The last chapters of the book involve monetary policy of the Fed and the increasing likelihood of deflation, along with some investment recommendations on behalf of the author.
An interesting policy prescription Rickards prescribes is a new world of Supply Chains centred upon a league of democracies, wherein China and other such countries would be excluded. An interesting policy prescription, but one that this reader isn't exactly convinced upon the feasibility of such. However, this is perhaps the only area where this reader doesn't see eye to eye with Rickards in what is yet another superb work and strongly recommended to anyone concerned with the Global Economy.

[Blake Bolling · Rating 2 out of 5]

Sold Out by James Rickards talks about the Supply Chain distributions and has factors about how it works financially. He talks about how the monetary policy and how trade restrictions affect the Supply Chain. I did liked how he used charts and graphs to back up his opinions. I did not like how the book was written. It was bland because it sounded like a long online article. The motif of this book is how the Supply Chain works. I would not see myself reading this book again.

[Sean Finn · Rating 2 out of 5]

Found the narration didn't match the books tone. I think some basic premises were oversold and it was laborious to listen to. Not an overly interesting book. It can be a little nauseating when authors refer to politicians as the source of errors rather than deeper societal constraints, ideology. While it was noted once, the elaboration was bare an opportunity missed. Predictable conclusion whereby authors squeeze in some briefly written proposals for the stated ills.

[Joseph Murphy · Rating 2 out of 5]

Just a way for this guy to pedal his climate denial and anti vax thoughts despite not being a medical professional or climate scientist.

[Jared Lerner · Rating 4 out of 5]

As with all the other James Rickards books that I've read, I came into this one not knowing a ton about what he was writing about and came out a lot more informed. I was curious to read about the supply chain fiasco and its back story given how topical it is now and Rickards does a great job of explaining that for the first 75% of the book. The other 25% wasn't new for me since he talked about the future prospects of inflation/deflation (a topic that he delves into quite a bit in many of his other works) but it was still interesting to read nonetheless given how it ties into the rest of the material.

If you've read (and liked) some of his other stuff then you'll definitely enjoy this as well, but even if you haven't you'll still get a lot out of this one.

[Benjamin Pierce · Rating 5 out of 5]

This was such a fascinating read -- I had never really stopped to think about how complex the global supply chain actually is, and how various factors can kick off a sort of butterfly effect that has downstream impacts for years to come. I learned a ton from this book, and the author makes some logically consistent predictions around deflation that seem more than plausible now that I have a better understanding of what can trigger it. Highly recommend this book if you want a short, but intense read in regards to the recent supply chain evolution, inflation, and deflation.

[Steven Beningo · Rating 3 out of 5]

The first part of the book on supply chains was very good, but the second part centered on overall economic conditions was quite boring.

[Daniel · Rating 3 out of 5]

As this book was written during the Pandemic lockdown, especially the draconian China one, supply chain breakdown was severe as everything was dependent on some ingredients which in turn depend on other. Modern management theory had prioritised cost saving and efficiency, not robustness. So we have a problem when lockdown happens. That’s the good part of the book.

The not so good parts of the book:
1. China is going to collapse because of the aging population
2. Masks and vaccines are useless against Covid
3. We should change our supply chain to work only with democratic countries
4. We are in a super bubble and we are going to have dis-inflation and even deflation
I find all these points objectionable

[Read a Book · Rating 1 out of 5]

Stunning lack of self awareness. It’s incredible how incorrect the author was on the improvement of post-Covid supply chains (Port of LA, as one example) despite his assessment that such shortages were now a feature, rather than a bug, of the post Covid global economy.

There are plenty of issues to raise about global pandemic response. The author is on firm ground when discussing pandemic impact on trade, but less so on evaluating health policy.

With a good edit, this might have become a helpful guide on complexity and evolving supply chain risk/resilience. Instead, it verges into off-topic rants that have neither aged well, nor properly diagnose emerging ails to international commodity supply chains.

[Thomas Ernst · Rating 3 out of 5]

It seemed to me that Jim Rickards maybe pushed this book out into publication too fast.

I think the overall point that current supply chains are quite complex and, as a result of the complexity, are very fragile. When they are working properly, it's great. When things fall apart, it takes a long time to reconfigure the supply chain or repair the existing one.

Probably could have said all that in 150 pages, not 270.

[Mario · Rating 5 out of 5]

This is a very significant book, especially for our current times. If there is one book you read in 2023 this should be it. Overall it was well written and had me engaged. James’ conclusion however, contradicted some of the arguments he made throughout the book.

[Eliesa · Rating 2 out of 5]

Did not completely finish this one. Was an interesting deep dive but I lost interested about halfway through.

[Juan Rivera · Rating 5 out of 5]

This book is more modern than the last one I read by James Rickards. It tells us the economic history of why there have been shortages and inflation since 2018.

Things I learned:

I always believed that the problem of shortages was because global supply chains were broken due to Covid. Mistake: they began to break since the US trade war with China started in 2018 by Trump.

By the way, he mentions that vaccines did not eliminate the possibility of getting Covid, but that the symptoms were less. He disagrees with the fact that vaccination has been made mandatory for many US employees.

Why is it not corrected? Because a supply chain in a complex system, when it fails somewhere, it causes failures in many other places. That is why the automotive industry still has a chip problem after 3 years since the worst of the pandemic ended. And it will continue to take time.

President Biden's policies to help people caused only one thing: inflation, which was the highest in the United States for 50 years.

Rickards speaks very badly of the Biden administration, and many of its decisions to try to correct the supply chain have been pure "show."

Conclusion: we live in a complicated world, and what awaits us. China is a dirty player. Should we create an international order where China is not as the author proposes? Can we?

By the way, speaking of China and the lack of population, the latest statistics from the Asian country tell us that the birth rate is 1.1 children per couple. Just as Europe will have a big problem with a lack of population.

[Writemoves · Rating 3 out of 5]

I was not familiar with the author prior to reading this book. I've noticed from his Twitter page that his political views are certainly more conservative than mine. However, I learned quite a bit from this book and in particular about all the elements that go into a "supply chain.”Rickards provided some guidance as to why there are shortages and in many stores, why shelves are bare.

He promoted his views about Covid and how he believed that it was significantly mismanaged. I think it is easy at this point to be critical of what the federal government and state governments did in trying to prevent Covid from spreading. Rickards is critical of the vaccinations, particularly those that were mandated. Rickards' opinions on that topic may turn out to be correct.

Rickards is also not a fan of climate change policies. He feels that they have impacted negatively on business in various economies.

There is a lot of information and opinions within this book. No matter your political orientation, the author has succeeded in at least making you think. His arguments seemed well reasoned and invite to the reader, further investigation.

Rickards is a thought leader whose writings, opinions and books I will consider reading in the future.

[Vicky · Rating 1 out of 5]

Well, what can I say?

If you are looking for a book to understand supply chains and inflation... keep looking because this one is not it.
Suppose you are looking for a book that could be summarized as a boomer's unending complaint about everything (literally everything, from vaccines to women's emancipation). In that case, this book will be right up your alley.

The worst thing about this invaluable collection of thoughts is that there are truths, but they are buried under a mountain of assumptions, incorrect interpretations, irrelevant numbers, and sometimes even "alternative facts". This men's mind is focused only on the economy, and there is NOTHING more important. Pandemics? Bad for the economy. Wars? Idiots, it's terrible for the economy!! Espionage? It's bad for the economy!! Women not having children? It's very, very bad, but it's worse for the future economy. Climate change? Joking, this one doesn't matter so much, but people who are climate 'alarmists' are bad for the economy!!

It reminded me of this meme from 2020:



If you want reliable information on supply chains and inflation, heed the author's advice and "ask an expert".

[Eddie Chua · Rating 4 out of 5]

The supply chain is complex, though often treated and talked about in a very simplified manner by most. A supply chain is a make up of different components to make a complex system; the autonomous agents, connectedness, interdependence and adaption. What was not realized, as how I read and understood even from before, the world, in terms of manufacturing and distribution; from raw materials, to components and finish products, was operating at a peak and optimum (from my perspective). This shows the tightly the world and chain are connected. Today, that has shaken and changing, and to get replacement, alternative is easier said than done.

The topic of decoupling is taking fast face, as this is where Supply Chain 2.0 is being build upon. The relationship and partnership of the old is changing and new supply lines are forming and likely be made restrictive to certain regions of the world, depending on the lines draw from politics. Rickards said it best that the geopolitics is the main event to economics.

A good overview to how sensitive the supply lines are and how connected globalization and economics (of the old) has been. The future will look different, yet supply lines will still exist.

[Roxana Sabau · Rating 2 out of 5]

The supply chain part was very much informative.

I do feel the need to warn that while the author made some good points about how the pandemic was handled from a governmental perspective, he's bordering on conspiracy.

About the Chinese, about how Russia was provoked by the West to invade Ukraine, about vaccines.

I was almost convinced by the end that the reason why supply chains are in big trouble, it's because of me. See, I am a woman, and I don't have children. Which is bad for the economy, cause my hypothetical children could manufacture car batteries as we speak and then the supply chain would work well, and Putin would not feel threatened, and viruses would just stand no chance against the immune systems of my children and the Chinese would fail.
If it sounds like a bunch of ramblings, it's exactly how the book spiraled after the 1st half.

Also, fun fact for the Russia-loving-covid-denialist crowd: Russia had quite strict vaccination policies, lockdowns etc.

In any case, what started as a lesson in supply chain ended in a fatalistic boomer complaint about.... the democrats I guess, I dunno, I zoned out.

[Alina Marculetiu · Rating 5 out of 5]

This book brings an interesting perspective to the intricacies of Supply Chain disruptions and includes financial factors such as monetary policy and effects of trade restrictions. Though many of the arguments are strong, the strength of author's opinions and political views seem to dilute arguments at times. It made me wonder whether the author let his own views influence his search for resources and sources of infomation. I teach supply chain, so I feel that I got a lot of useful and deep insight I can bring to my classes, weaving in international finance, policy, and macroeconomic factors. Overall, a good book if you are into supply chains, but may be too technical at times. I'm giving it 5 stars because I find it quite insightful, but it would be at an honest 4.5 for me.

[Tom Flint · Rating 3 out of 5]

Sold Out book does provide some interesting insights into the complexity of supply chains. I especially liked it when he detailed how supply chains are essentially a neverending piece of string whereby one delay/logistical issue can have enormous rippling effects.

But the bashing of Biden (who I hardly love myself) and the overt scepticism of climate change weren't only annoying but, for the most part, irrelevant to the topics of the book. I understand politics is an unavoidable point when discussing the economy but Rickards is unable to distance his political opinions from the reader and falls victim to PREACHER talk.

Too frustrating to rate any higher.

[S Walker · Rating 4 out of 5]

Great conversational tilt packed with info.
The Conclusion however was Alice in Wonderlandish:
"This perceptual change may take several paths. The first is toward a benign digital disarray in which government money, private money, and free-floating tokens of moneyness exist in a virtual state space of pulsating values and quantities bumping into each other like ghosts in a large, haunted house."

[Peter · Rating 5 out of 5]

Rickards is a genius. The supply chain is the economy. He touches on many large impact areas that have undergone recent changes and uses insight in a range of disciplines to explain the importance. He also offers a low bias assessment of the pros and cons of these events. He understands and addresses many unintended consequences. He also offers some guidance and predictions on hi probability outcomes to anticipate, prepare and monitor development.

[Caitlin · Rating 2 out of 5]

I’ve worked in the supply chain industry for 20 years, and I enjoyed the first half of this book. Once he got in about global warming, and all this other stuff, I had to stop reading it. The author does have source articles in the back, but there is not foot note throughout the book to reference any sort of facts that he was talking about.

Things are way better than they were when this book was written.