Extractive 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. 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.