Overview

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.

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9781119086611

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.. .Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005).. .Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005).. .excellent book...well-researched... ( Financial Times, 10th August 2005) . ..Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books , 6th October 2005). ..Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star , 28th September 2005). ..excellent book...well-researched... ( Financial Times , 10th August 2005) .,. Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005) .,. Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005) .,. excellent book...well-researched... ( Financial Times, 10th August 2005) ., . Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005) ., . Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005) ... excellent book... well-researched... ( Financial Times, 10th August 2005) ... Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005) ... Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005) ... excellent book... well-researched... ( Financial Times, 10th August 2005)

.. .Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005).. .Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005).. .excellent book...well-researched... ( Financial Times, 10th August 2005)

.. .Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005).. .Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005) .. .excellent book...well-researched... ( Financial Times, 10th August 2005) . ..Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books , 6th October 2005). ..Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star , 28th September 2005) . ..excellent book...well-researched... ( Financial Times , 10th August 2005) .,. Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005) .,. Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005) .,. excellent book...well-researched... ( Financial Times, 10th August 2005) ., . Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005) ., . Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005) ... excellent book... well-researched... ( Financial Times, 10th August 2005) ... Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, Capitalism's Achilles Heel shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole... ( The London Review of Books, 6th October 2005) ... Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left.... ( The Morning Star, 28th September 2005) ... excellent book... well-researched... ( Financial Times, 10th August 2005)

".."".Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, ""Capitalism's Achilles Heel"" shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole..."" (""The London Review of Books,"" 6th October 2005).."".Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left...."" (""The Morning Star,"" 28th September 2005) .."".excellent book...well-researched..."" (""Financial Times,"" 10th August 2005) .""..Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, ""Capitalism's Achilles Heel"" shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole..."" (""The London Review of Books"", 6th October 2005).""..Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left...."" (""The Morning Star"", 28th September 2005) .""..excellent book...well-researched..."" (""Financial Times"", 10th August 2005) .,.""Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, ""Capitalism's Achilles Heel"" shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole..."" (""The London Review of Books,"" 6th October 2005) .,.""Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left...."" (""The Morning Star,"" 28th September 2005) .,.""excellent book...well-researched..."" (""Financial Times,"" 10th August 2005) ., .""Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, ""Capitalism's Achilles Heel"" shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole..."" (""The London Review of Books,"" 6th October 2005) ., .""Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left...."" (""The Morning Star,"" 28th September 2005) "" ... excellent book... well-researched... "" (""Financial Times,"" 10th August 2005) ...""Challenging the view that financial scandal and tax dodging are isolated cases in an otherwise robust system, ""Capitalism's Achilles Heel"" shows how these 'negative externalities', as economists call them, have generated a spirit of lawlessness that threatens the integrity of the market system and the finance industry as a whole..."" (""The London Review of Books,"" 6th October 2005) ...""Baker is an ethical capitalist - at least - more so than most - his concern is the incredible rapacity and corruption of modern capitalism - a must-read for those on the left...."" (""The Morning Star,"" 28th September 2005) "" ... excellent book... well-researched... "" (""Financial Times,"" 10th August 2005)"

Author Information

Raymond W. Baker, after a long career in international business, is a guest scholar at The Brookings Institution and a Senior Fellow at the Center for International Policy, both located in Washington, D.C. He appears often on television and radio in the United States and overseas and often testifies before House and Senate committees. Baker has an MBA from Harvard, lived in Africa for many years, and has done business across much of the developing world.

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