Download E-books Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System PDF

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 during the worldwide free-market process and divulges how soiled funds, poverty, and inequality are inextricably intertwined. Readers will notice how small illicit transactions result in great illegalities and the way fabulous international source of revenue disparities are worsened through the illegalities that permeate overseas capitalism. Drawing on his reviews, 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 an analogous recommendations to shift cash and the way those strategies negatively have an effect on contributors, associations, and nations.

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