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Book synopsis

The rise of globalization and financialization as seen from a barge one Swedish barge, to be exact, built in 1979

What do a barracks for British troops in the Falklands War, a floating jail off the Bronx, and temporary housing for VW factory workers in Germany have in common? The Balder Scapa: a single barge that served all three roles. Though the name would eventually change to Finnboda 12. And then to Safe Esperia. And later on, to the Bibby Resolution. And after that . . . in short, a vessel with so many names, and so many fates, that to keep it in our sights as the protagonist of this fascinating economic parable Ian Kumekawa has no choice but to call it, simply, the Vessel. 

Despite its sturdy steel structure, weighing 9,500 deadweight tons, the Vessel is a figure as elusive and abstract as the offshore market it comes to embody: a world of island tax havens, exploited labor forces, free banking zones, Thatcherism, Reaganomics, and mass incarceration, where even the prisoners are held offshore. Fitted with modular shipping containers, themselves the product of standardized global trade, the ship could become whatever the market demanded. Whether caught in an international dispute involving Hong Kong, Nigeria, Indonesia, and the Virgin Islands to be settled in an English court of law or flying yet another foreign flag of convenience to mask its ownership the barge is ever a container for forces much larger than even its hulking self. 

Empty Vessel is a jaw-dropping microhistory that speaks volumes about the global economy as a whole. In following the Vessel and its Sister Vessel, built alongside it in Stockholm from one thankless task to the next, Kumekawa connects the dots of a neoliberal world order in the making, where regulation is for suckers and Made in USA feels almost quaint.

Book details

Book category Books in German Sozialwissenschaften, Recht, Wirtschaft Wirtschaft Volkswirtschaft

• Full title: Empty Vessel
• Author: Ian Kumekawa
• Language: English
• Binding: Paperback
• Number of pages: 320
• EAN: 9781524712860
• ISBN: 1524712868
• ID: 46546990
• Publisher: Random House LLC US
• Weight: 356 g
• Date of publishing: 06. May 2025

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