By Raymond W. Baker
For over 40 years in additional than sixty international locations, Raymond Baker has witnessed the free-market procedure working illicitly and corruptly, with devastating results. In Capitalism’s Achilles Heel, Baker takes readers on a desirable trip in the course of the worldwide free-market procedure and divulges how soiled funds, poverty, and inequality are inextricably intertwined. Readers will realize how small illicit transactions result in gigantic illegalities and the way unbelievable international source of revenue disparities are worsened by means of the illegalities that permeate foreign capitalism. Drawing on his stories, Baker indicates how Western banks and companies use mystery transactions and forget about legislation whereas dealing with a few $1 trillion in illicit proceeds every year. He additionally illustrates how businesspeople, criminals, and kleptocrats excellent a similar strategies to shift money and the way those strategies negatively have an effect on contributors, associations, and international locations
Read or Download Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System PDF
Best economics books
Early within the new millennium the funding banks have been on their knees. overwhelmed via the increase and bust of the dot. com bubble, combined up in company scandals and accused of out of control and rampant clash of curiosity, the sport appeared over for the masters of the universe. Then the get better got here. New principles, provides to be extra vigilant and emerging markets took the warmth off.
Complete employment was an specific target of monetary coverage in many of the industrialized international. a few international locations even accomplished it. In again to complete Employment, economist Robert Pollin argues that the United States--today confronted with its optimum point of unemployment because the nice Depression--should positioned complete employment again at the time table.
The Quotable Mises is 300-plus pages of a few of the main exciting phrases on politics and economics ever written. In many ways, it's the ideal advent to Mises's concept, whatever that instantly grabs one's realization and provides a quick and obtainable presentation of the diversity of his principles.
Paternalistic Capitalism used to be first released in 1972. Minnesota Archive variations makes use of electronic expertise to make long-unavailable books once more available, and are released unaltered from the unique collage of Minnesota Press versions. the celebrated economist and Greek political chief provides right here a robust critique of yankee capitalism and its courting to govt and overseas coverage.
- The Political Economy of Competitiveness: Corporate Performance and Public Policy (Routledge Studies in Contemporary Political Economy)
- The Sociology of Consumption: A Global Approach
- Basic Economics: A Common Sense Guide to the Economy
- Keynes, Post-Keynesianism and Political Economy: Essays in Honour of Geoff Harcourt (Volume 3) (Routledge Frontiers of Political Economy)
Additional resources for Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System
Cigarette manufacturer makes a minority investment in a foreign company and overprices the exported production line by enough to profit from the equipment sale and recoup its investment before the first carton of smokes is delivered off the shipping dock. A Swiss textile machinery producer gladly pays a million-franc kickback into the Geneva account of a Central American purchaser who is buying equipment to add to his company’s output capacity. German printing presses going to the Middle East have been generously overpriced, larding the European accounts of government and private editors and publishers.
Qxd 42 7/19/05 12:45 PM Page 42 C A P I TA L I S M ’ S A C H I L L E S H E E L Drug dealers in North America and Europe, for example, face the problem every day of disposing of large amounts of cash. For a small local distributor with a take of perhaps a million or two a year, the simplest way to launder cash without detection is “smurfing”—using innocuous-looking bagmen, named after the cartoon characters, to deposit a few thousand dollars at a time into variously named accounts at many different banks.
But with this well-guarded dummy corporation and its bank account, you can shift dirty money in where its identity is essentially lost, and then shift it back out again with a company name disassociated from you. For further protection, several dummy IBCs or PICs can be set up or purchased in different jurisdictions, each functioning under a different set of laws cloaking your identity, so that anyone, including disgruntled trading or investment partners, assorted thugs, ex- or soon-to-be ex-spouses, tax collectors, zealous journalists and prosecutors, will be frustrated at every step in trying to trace a source of funds back to you.
Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System by Raymond W. Baker