Invisible Trillions: How Financial Secrecy Is Imperiling Capitalism and Democracy and the Way to Renew Our Broken System

Baker, Raymond W.

ISBN 10: 1523003022 / ISBN 13: 9781523003020

Published by Berrett-Koehler Publishers, 2023

Pages are clean and are not marred by notes or folds of any kind. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G1523003022I2N00

Synopsis:

Our current democratic capitalist system is close to imploding. This book is the first to reveal the secret financial system dominating capitalism today and shows how we can create accountability to restore our democracy. <p/>Over the last half century, capitalism has created the means for trillions of dollars, euros, pounds, and other stores of wealth to move invisibly--beyond the control of central bankers, law enforcement agents, and international institutions. With an entire financial secrecy system now dominating capitalist operations, riches move inexorably upward and accelerate economic inequality, directly obstructing and threatening democracy. <p/>In four parts, Invisible Trillions reveals how capitalism today functions outside the control of democracy and how we can link the two once again. Acknowledging the corruption and complacency of our institutions, Raymond W. Baker walks readers through covert financial operations, their instigators, and their impacts. He also argues for replacing financial secrecy with transparency via mechanisms such as mandated disclosure around corporate and financial entities and operations. <p/>This book takes the first step toward holding our systems accountable. After all, the very survival of the democratic capitalist system is at stake.

About the Author: Raymond W. Baker is the founder and president of Global Financial Integrity, a research and advocacy think tank organization working to curtail illicit financial flows. He was previously a scholar at the Brookings Institute and currently serves on the Policy Advisory Board of Transparency International-USA, the Advisory Board of the Ethical Research Institute, and the World Economic Forum's Meta-Council on the Illicit Economy. Baker has been featured on BBC, the CBS Evening News, CNN, NPR, and others, and he is the author of Capitalism's Achilles Heel.

Bibliographic Details

Title: Invisible Trillions: How Financial Secrecy ...
Publisher: Berrett-Koehler Publishers
Publication Date: 2023
Binding: Hardcover
Condition: As New
Dust Jacket Condition: No Jacket