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 international locations, Raymond Baker has witnessed the free-market procedure working illicitly and corruptly, with devastating outcomes. 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 cash, poverty, and inequality are inextricably intertwined. Readers will realize how small illicit transactions result in tremendous illegalities and the way miraculous worldwide source of revenue disparities are worsened by way 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 an analogous innovations to shift money and the way those strategies negatively impact members, associations, and countries.

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