Read e-book online Capitalism's Achilles Heel: Dirty Money and How to Renew the PDF

By Raymond W. Baker

ISBN-10: 0471644889

ISBN-13: 9780471644880

ISBN-10: 1119086612

ISBN-13: 9781119086611

For over 40 years in additional than sixty nations, Raymond Baker has witnessed the free-market method working illicitly and corruptly, with devastating outcomes. In Capitalism’s Achilles Heel, Baker takes readers on a desirable trip throughout the worldwide free-market procedure and divulges how soiled cash, poverty, and inequality are inextricably intertwined. Readers will become aware of how small illicit transactions bring about gigantic illegalities and the way excellent international source of revenue disparities are worsened by means of the illegalities that permeate foreign capitalism. Drawing on his studies, Baker exhibits 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 ideal a similar strategies to shift money and the way those strategies negatively impact contributors, associations, and countries.

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Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System by Raymond W. Baker

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