Books  Sustainable Development  Economics, Business & Industry  Environmental Economics 

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

By: Raymond W Baker

438 pages, no illustrations

John Wiley & Sons

Hardback | Aug 2005 | #158837 | ISBN: 0471644889
Availability: Usually dispatched within 5 days Details
NHBS Price: £28.99 $37/€35 approx

About this book

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.


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