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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