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Capitalism s Achilles Heel

Capitalism s Achilles Heel

By Raymond W Baker

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For over forty years in more than sixty countries, Raymond Baker has witnessed the free-market system operating illicitly and corruptly, with devastating consequences. In Capitalism's Achilles Heel, Baker takes readers on a fascinating journey through the global free-market system and reveals how dirty money, poverty, and inequality are inextricably intertwined.

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Book Information

Publisher: Wiley
Publish Date: 07/29/2005
Pages: 450
ISBN-13: 9781119086611
ISBN-10: 1119086612
Language: Eng

Full Description

For over forty years in more than sixty countries, Raymond Baker has witnessed the free-market system operating illicitly and corruptly, with devastating consequences. In Capitalism's Achilles Heel, Baker takes readers on a fascinating journey through the global free-market system and reveals how dirty money, poverty, and inequality are inextricably intertwined. Readers will discover how small illicit transactions lead to massive illegalities and how staggering global income disparities are worsened by the illegalities that permeate international capitalism. Drawing on his experiences, Baker shows how Western banks and businesses use secret transactions and ignore laws while handling some $1 trillion in illicit proceeds each year. He also illustrates how businesspeople, criminals, and kleptocrats perfect the same techniques to shift funds and how these tactics negatively affect individuals, institutions, and countries.

About the Author

Raymond W. Baker is the founder and president of Global Financial Integrity, a research and advocacy think tank organization working to curtail illicit financial flows. He was previously a scholar at the Brookings Institute and currently serves on the Policy Advisory Board of Transparency International-USA, the Advisory Board of the Ethical Research Institute, and the World Economic Forum's Meta-Council on the Illicit Economy.

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