Wiley; 1 edition (August 5, 2005). 450 pages. 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 jouey 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 inteational capitalism. Drawing on his
experiences, Baker shows how Weste 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.
Baker Raymond W.: Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System
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