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

By Raymond W. Baker

For over 40 years in additional than sixty nations, Raymond Baker has witnessed the free-market method working illicitly and corruptly, with devastating effects. 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 detect how small illicit transactions bring about substantial illegalities and the way mind-blowing international source of revenue disparities are worsened through the illegalities that permeate overseas 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 an identical options to shift cash and the way those strategies negatively impact participants, associations, and countries.

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