Capitalism′s Achilles Heel [Hardback]Dirty Money and How to Renew the Free–Market Systemby Raymond W. Baker
Usually ships within 2 to 4 working days Description of Capitalism′s Achilles HeelPRAISE FOR CAPITALISM′S ACHILLES HEEL"The corrosive effects of bribery, money laundering, tax evasion, and fraudulent transfer pricing need to be analyzed and explained. Raymond Baker, a pioneer in this research, shows how illicit funds move through world financial systems and lead to increased corruption, poor distribution of resources, and damage to the rule of law. I hope his passion for the subject will inspire others to delve into the legal, economic, and social consequences of dirty money and what must be done to stop it." "In today′s world, expanded trade relationships and rapid advances in communication technology foster opportunities for greater political freedom, economic growth, and higher living standards around the world. These developments also create new vulnerabilities for the international financial system. This book takes a look at these challenges head on and makes an important contribution to the public debate." "This groundbreaking book will open your eyes to two things: how illegal money is shifted out of poor countries into rich countries and how these illegal flows add to poverty, misery, and inequality in poor countries themselves. Can this be stopped when those in power think they are benefiting? Public pressure, as was focused on slavery two centuries ago, is the first step toward change." "Raymond Baker′s comprehensive book on illicit money is required reading for anyone involved in the global economy. His painstaking, fact–based analysis depicts an insidious phenomenon that threatens general welfare and requires urgent corrective action." "A superlative and enlightening overview of the world of corrupt money in its many forms, what it is doing to human civilization, why it must be stopped, and how this can be accomplished. Raymond Baker critiques global capitalism as it is functioning today from neither a liberal nor conservative perspective but from the standpoint of a believer in and supporter of free markets and free trade. A brilliant tour de force!" Title Information
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Write a review of this book Customer Reviews from AmazonAbout Raymond W. BakerRaymond W. Baker, after a long career in international business, is a guest scholar at The Brookings Institution and a Senior Fellow at the Center for International Policy, both located in Washington, D.C. He appears often on television and radio in the United States and overseas and often testifies before House and Senate committees. Baker has an MBA from Harvard, lived in Africa for many years, and has done business across much of the developing world.Contents of Capitalism′s Achilles HeelIntroduction1. Global Capitalism: Savior or Predator? PART I: ILLEGALITY: WE LIKE THE MONEY 2. Playing the Game - The Dirty-Money User Manual - You're In Business 3. Dirty Money at Work - The Corruption Industry - The Criminal Component: Drugs, Thugs and Terrorists - Global Commerce and Tax Evasion: Coin of the Realm 4. Magnitudes and Misunderstandings - How Much Money? - A Failure Rate of 99.9 Percent - Well-Intentioned Efforts - The Patriot Act - Dirty Money Is on the Rise - Chasing Terrorists' Money - Ill-Intentioned Loopholes - Haven and Secrecy Structure - We Like the Money - Challenge PART II: INEQUALITY: THE GAP MATTERS 5. The Global Divide - The Quintile Canyon - Measure for Measure - It's An Uncertain World - The Monkey Wrench 6. "I don't Understand" and "Don't Tell Anyone" - Myths - "Don't Tell Anyone" - Corruption-At Long Last! - Filling Western Coffers: Mum's the Word - Debtor's Prison - What If? - Intellectual Gap or Character Gap? 7. It's the 70 to 90 Percent That Matters - It Can't Last - Convergence? - The Gap Matters PART III: DISUTILITY: BENTHAM KOs SMITH 8. The Anguish of Adam Smith - Theory of Moral Sentiments - Wealth of Nations - Invisible Hand - Das Adam Smith Problem - The Tears of Adam Smith 9. The Joys of Jeremy Bentham - Jurisprudence - Utilitarianism - Related Interests - John Stuart Mill - Problems 10. Philosophy Becomes Culture - The Great Infusion - 20th-Century Utility - 20th-Century Utilitarianism - Inoperable Doctrine, Deadly Practice - Disutility - Challenge PART IV: RUN IT RIGHT: TRUST THE SYSTEM 11. Capitalism's Achilles Heel 12. Spreading Prosperity - Delegitimizing Dirty Money - Tougher on Corruption - Reining in the Support Structure - Mispricing and Transfer Pricing - Capitalism's Contribution to Slashing Inequality - "...When You Pay Me What You Owe Me" - Reconstitute the World Bank - Justice First 13. Renewing Capitalism - Acknowledgements - Endnotes Your recently viewed titles |
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