A Splendid Exchange: How Trade Shaped the World (book review)
the traders forgot the common good…
Book review:
A Splendid Exchange: How Trade Shaped the World
by William J. Bernstein
New York: Atlantic Monthly Press, 2008
Commercial long-distance trade in goods and people has been part of the human experience for about 5,000 years or so, and Bernstein offers plenty of detail about the highs and lows of this experience, and about the wealth that was accumulated by a few of the traders and the governments that backed them.
A Splendid Exchange makes it plain that, across the millennia, disease and plague has unavoidably followed trade routes. The various scourges that we nominally know about, like the Black Plague, were spread around by sailors and merchants who sailed on their ships.
Bernstein rather unconvincingly describes trade as an instinctive human enterprise. However, he clearly states that major trade and long-distance trade has been the vocation of the few and the powerful, and that rich merchants never have prominently attempted to serve any concept of the common good as they amassed their riches.
It’s an old story.
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Book review. Copyright © Richard Carl Subber 2021 All rights reserved.
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