Saturday, November 10, 2012

How to Rob Africa: A Look into How the West Facilitates Moving Dirty Money

Click here to access brief article posted at Naked Capitalism featuring a video from Al Jazeera.

The 25 minute video provides some insights on how various financial stratagems are used by capitalists to work around laws designed to control such corrupt practices that assist in the plunder of Africa and other places. Capitalist agents are adept at setting up laws and regulatory agencies to prohibit such activities, but in reality such laws are full of holes and enforcement agencies are unfunded. Thus, they serve only as a cover for corruption. 

One source mentioned in the video is a publication from the World Bank entitled, The Puppet Masters: How the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It, which can be downloaded, or purchased on the website or from Amazon.