Capitalism's Achilles Heel: Dirty Money and How to Renew the by Raymond W. Baker 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 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 during the international free-market method and divulges how soiled funds, poverty, and inequality are inextricably intertwined. Readers will become aware of how small illicit transactions bring about enormous illegalities and the way excellent worldwide source of revenue disparities are worsened through the illegalities that permeate foreign capitalism. Drawing on his reviews, 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 ideal an analogous suggestions 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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