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The Impact of Dirty Money on Global Capitalism | Business Ethics Quarterly | Cambridge Core

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Call for an end to capitalism and the free market system

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Raymond Baker gives lecture on “Capitalism’s Achilles’ Heel: Dirty Money and How

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Log in Register. Export citation Request permission. An abstract is not available for this content so a preview has been provided below. Baker estimates in his book that million dollars annually is drained from developing countries in these illegal schemes, worsening global poverty.

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Reviewing Capitalism's Achilles Heel in the Dallas- Fort Worth Star-Telegram Online , Cecil Johnson found the work "illuminating and disturbing," and further observed that Baker "advances the view that the transfer of dirty money all over the planet is one of the primary causes of world poverty and global instability and is undermining capitalism's underlying ideals. It is not technically difficult to do. If we decide we want it to happen, it will happen.

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About This Item We aim to show you accurate product information. Manufacturers, suppliers and others provide what you see here, and we have not verified it. See our disclaimer. 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. 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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