Offshore: Stealth, Wealth and the New Colonialism by Brooke Harrington
AN EYE-OPENING ACCOUNT OF OFFSHORE FINANCE: THE SECRETIVE SYSTEM MAKING THE RICH RICHER WHILE CORRODING DEMOCRACY, CAPITALISM, AND THE ENVIRONMENT.
How do the rich keep getting richer, while dodging the long arm of the law? From playboy billionaires avoiding taxes on private islands to Russian oligarchs sailing away from sanctions on their superyachts, the ultra-rich seem to live in a different world from the rest of us. That world is called off-shore. Hidden from view, the world's ultra-rich can use offshore finance to escape tax obligations, labor and environmental safety regulations, campaign finance rules, and other laws that get in their way.
In Offshore: Stealth Wealth and the New Colonialism, sociologist Brooke Harrington reveals how this system works, as well as how it degrades democracy, the economy, and the public goods on which we all depend. Harrington spent eight years infiltrating this secretive world by training as a wealth manager, traveling from glossy European and North American capitals to developing countries in South America and Africa, and to islands in the Indian Ocean, Caribbean, and South Pacific regions. Through interviews with dozens of wealth managers in nineteen countries, Harrington uncovered how this global network of offshore financial centers arose from the remnants of colonialism and has created a new, hidden imperial class.
The global elites constitute the enemy within & without. ‘These efforts to transcend time and gain omnipotence aren't limited to control over the families of the wealthy. #Offshore #Stealth #Wealth #NewColonialism #Booksky #ReadThisBook #BuyThisBook 💙📚