Invisible Trillions review: global capitalism operates beyond the rule of law and threatens democracy
SECRECY has become as important for corporations as transparent and taxable profits used to be, according to Raymond W. Baker in his new book Invisible Trillions. Global capitalism, he argues, operates beyond the rule of law. This contributes to extreme inequality that threatens liberal democracy. Author JOHN J STREMLAU, Honorary Professor of International Relations, University of the Witwatersrand Deals in the financial secrecy system account for half of global economic operations. This is far beyond illicit transfers of funds through corporate under-pricing and overpricing of exports and imports, or the drug and other criminal networks 50 years ago. Tax havens,…
