Includes bibliographical references (pages 383-423) and index
CONTENTS NOTE
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Global capitalism : aavior or predator? -- pt. I. Illegality : we like the money -- Playing the game -- The dirty-money user manual -- You're in business -- Dirty money at work -- The corruption industry -- The criminal component : drugs, thugs, and terrorists -- Global commerce and tax evasion : coin of the realm -- Magnitudes and misunderstandings -- How much money? -- A failure rate of 99.9 percent -- Well-intentioned efforts -- The Patriot Act -- Dirty money is on the rise -- Chasing terrorists' money -- Ill-intentioned loopholes -- Haven and secrecy structure -- Falsified pricing structure -- We like the money -- Challenge -- pt. II. Inequality : the gap matters -- The global divide-- The quintile canyon -- Measure for measure -- It's an uncertain world -- The monkey wrench -- "I don't understand" and "don't tell anyone" -- Myths -- "Don't tell anyone" -- Corruption-at long last! -- Filling western coffers : mum's the word -- Debtor's prison -- What if? -- Intellectual gap or character gap? -- It's the 70 to 90 percent that matters -- It can't last -- Convergence? -- The gap matters -- Challenge -- pt. III. Disutility : Bentham KOs Smith -- The anguish of Adam Smith -- Theory of moral sentiments -- Wealth of nations -- Invisible hand -- Das Adam Smith problem -- The tears of Adam Smith -- The joys of Jeremy Bentham -- Jurisprudence -- Utilitarianism -- Related interests -- John Stuart Mill -- Problems -- Philosophy becomes culture -- The great infusion -- Twentieth-century utility -- Twentieth-century utilitarianism -- Inoperable doctrine, deadly practice -- Disutility -- Challenge -- pt. IV. Run it right : trust the system -- Capitalism's Achilles heel -- Spreading prosperity -- Delegitimizing dirty money -- Tougher on corruption -- Reining in the support structure -- Mispricing and transfer pricing -- Capitalism's contribution to slashing inequality -- ". . . When you pay me what you owe me" -- Reconstitute the World Bank -- Justice first -- Renewing capitalism
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SUMMARY OR ABSTRACT
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"With this book, Raymond Baker provides a insider's look at the way criminals, terrorists, and businesspeople move dirty money around the world, impoverishing billions and corrupting capitalism's ideals of fair play. In this highly readable account, he links banking, commerce, law, economics, and philosophy with passionate advocacy of steps that must be taken to renew capitalism's mandate for the spread of global prosperity." "For over forty years in more than sixty countries, Baker has witnessed the free-market system operating illicitly and corruptly, with devastating consequences for scores of fragile nations. Now, in Capitalism's Achilles Heel, Baker - the internationally respected authority on money laundering, corruption, and development issues - takes you on a fascinating journey that winds its way across the global free-market system and reveals how dirty money, poverty, and inequality are inextricably intertwined." "Can anything be done? For capitalism to succeed on a global scale, we must fight rampant lawlessness, reduce inequality, and recast the free market's supporting structures around principles of global justice. Capitalism's Achilles Heel provides a place for us to start."--Jacket