Invisible Trillions: How Financial Secrecy Is Imperiling Capitalism and Democracy and the Way to Renew Our Broken System (Baker Raymond W.)(Pevná vazba)

“Essential reading for anyone truly interested in saving democracy from the predations of kleptocracy and plutocracy.”—Charles Davidson, The Journal of DemocracyThis book expands our understanding of the financial secrecy system dominating capitalism today and shows how we can create accountability to restore our democracy.Over the last half century, capitalism has created the means for trillions of dollars, euros, pounds, and other stores of wealth to move invisibly—beyond the control of central bankers, law enforcement agents, and international institutions. With an entire financial secrecy system now dominating capitalist operations, riches flow inexorably upward and accelerate economic inequality. And rising inequality is directly imperiling—weakening, obstructing, and degrading—democracy.This book is not a screed against capitalism—it is a call for capitalism to return to its roots, reenergizing its synergies with democracy. Raymond Baker writes, “Democratic capitalism is, in my judgment, the best system yet devised in political economy, but dysfunctions within its capitalist component are undermining the two-part system.” Baker explains the tax havens, secrecy jurisdictions, disguised corporations, anonymous trusts, fake foundations, regulatory loopholes, money laundering techniques, and more that make up the financial secrecy system. But he goes beyond the “what” to the “why,” examining the motivations
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