Raymond Baker
| Raymond Baker is director of Global Financial Integrity, a Washington D.C. think tank. A graduate of Georgia Institute of Technology, he received an MBA from Harvard University. An expert on the subject of international business, he has testified before Senate and House committees and appeared often on major media, including on “Nightline”, CNN, BBC, and NPR. He is a Guest Scholar at The Brookings Institution and Senior Fellow at the Center for International Policy in Washington, D.C. |
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CAPITALISM’S ACHILLES HEEL Wiley, July 2005 Genre: Current Events & Politics Agent: Faith Hamlin Foreign Sales |
| 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. Drawing on his experiences, Baker shows how Western banks and businesses use secret transactions and ignore laws while handling some $1 trillion in illicit proceeds each year. 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. |