Winner Take All

China's Race for Resources and What It Means for the World

By: Dambisa Moyo

Narrated by: Ken Perlstein

Commodities permeate virtually every aspect of modern daily living, but for all their importance - their breadth, their depth, their intricacies, and their central role in daily life - few people who are not economists or traders know how commodity markets work. Almost every day, newspaper headlines and media commentators scream warnings of impending doom - shortages of arable land, clashes over water, and political conflict as global demand for fossil fuels outstrips supply. The picture is bleak, but our grasp of the details and the macro shifts in commodities markets remain blurry.

Winner Take All is about the commodity dynamics that the world will face over the next several decades. In particular, it is about the implications of China’s rush for resources across all regions of the world. The scale of China’s resource campaign for hard commodities (metals and minerals) and soft commodities (timber and food) is among the largest in history.

To be sure, China is not the first country to launch a global crusade to secure resources. From Britain’s transcontinental operations dating back to the end of the 16th century, to the rise of modern European and American transnational corporations between the mid 1860s and 1870s, the industrial revolution that powered these economies created a voracious demand for raw materials and created the need to go far beyond their native countries.

So too is China’s resource rush today. Although still in its early stages, already the breadth of China’s operation is awesome, and seemingly unstoppable. China’s global charge for commodities is a story of China’s quest to secure its claims on resource assets and to guarantee the flow of inputs needed to continue to drive economic development. Moyo, an expert in global commodities markets, explains the implications of China’s resource grab in a world of diminishing resources.

Download the accompanying reference guide.©2012 Dambisa Moyo (P)2012 Audible, Inc.

Critic reviews

"Written to clarify important global questions, this book deserves a wide audience." (Kirkus Reviews)

"With Winner Take All, Dambisa Moyo offers a timely and provocative answer to two crucial questions: How are China’s leaders rushing to meet their country’s exploding demand for energy, and what does this mean for the rest of us? From Africa to Central Asia to Latin America, China exerts growing influence over prices for the commodities we all must buy to fuel our cars, heat our homes, and power our economies. It’s a recipe for conflict—and at a crucial moment for the future of the global economy." (Ian Bremmer, President of Eurasia Group and author of The End of the Free Market)

Interesting content, terrible performance

Would you say that listening to this book was time well-spent? Why or why not?

Dambisa Moyo paints a vivid picture of the motivations and strategies China employs to become the de-facto commodities monopsonist and thereby dictate terms to all suppliers worldwide. However, the real challenge of this audio book is to figure out what the narrator is actually saying. The rhythm and intonation of the performance is below Text-To-Speech level. I'm very sorry to say that this book is better read than listened to.

Worst narrator ever! Ruins a very good book.

Any additional comments?

This is a very timely and interesting read. Unfortunately, this is doubtless the worst narrator for an audiobook I've ever come across. Do your ears a favor, but the book.

Narrator is awful!

While the subject matter is compelling, the narrator's reading is simply the worst I have ever heard in an audiobook. He has frequent awkward pauses, breaks common expressions and phrases into multiple parts by stopping in the middle, and seems to need to pause after every four or five words, regardless of the sentence structure. It's very, very strange. Was no one else listening to him as he recorded this? (Hello, recording engineer?) How could he have been allowed to go on to record the narration for the entire book? I listened to what must have been only the first page of the text before thinking, what's wrong with this guy? His delivery is so halting and weird that it is off-putting ... it's hard to stay focused on the content because his narration is what is getting your attention. Honestly, this audiobook should be re-recorded. This is the first time I have ever commented on an audiobook's narration, and I listen to a lot of them.

Content: Good; however. . .

Moyo is a quality scholar and author, but the narration was of such low quality that it took a lot away from the quality of the book. Mispronunciations, awkward inflections, and lack of rhythm Were, at best, annoying. Perhaps he had a bad day — somebody should have made him re-record it. Maybe he is unqualified to narrate a book at this reading level — shame on the publisher. Or he may simply have not prepared adequately for the task — then shame on him.

Nothing new - 101 markets mixed with political ops

What would have made Winner Take All better?
Something else than is obvious and that has not been in the newspapers for years.

What was most disappointing about Dambisa Moyo’s story?
It doesn not spend enough time on China and Chinas way of thinking, probably the author does not have any deep insight into the Chinease way of thinking (maybe nobody has) but to take people on an exended 101 commodity markets mixed with typical moral highground punchlines without giving any deep insight that might actually be useful, ahh waste of time! A one hour abriged version might have sufficed!

You didn’t love this book... but did it have any redeeming qualities?
It is a really interesting topic so it should be possible to write a thrilling book