"Moneyland" on Fresh Air

[handmade34]

if you didn't hear it today it is worth checking out...

Moneyland by Oliver Bullough review – the shadow world of the super-rich

A clever and entertaining exploration of the parallel and poisonous realm of tax havens and shell companies

https://www.npr.org/programs/fresh-air/2019/05/01/718993539/fresh-air-for-may-1-2019-moneyland-reveals-how-oligarchs-stash-fortunes
https://www.theguardian.com/books/2018/sep/07/moneyland-oliver-bullough-review

He conceives of it as a secret, parallel world, almost like something from a fairytale: “The very wealthiest people … have tunnelled into this new land that lies beneath all our nation states, where borders have vanished. They move their money … and themselves wherever they wish, picking and choosing which countries’ laws they wish to live by.”

“Money flows across frontiers, but laws do not.” Until this situation changes, the lawyers, bankers and drafters of deliberately loose financial laws will continue to prosper. Meanwhile, governments will continue to be starved of revenue, global inequality will grow, economies will be destabilised and struggling voters will blame everyone – poor immigrants, liberal elites – except those actually responsible for creating the destructive offshore world...

[maxsolomon]

1. I heard the middle, up till they started discussing Dear Leader

but I've seen TRMS enough to know the deal.