Books

Capitalism’s Achilles Heel: Dirty Money and How to Renew the Free-Market System

Offshore Initiative

Summary

Raymond Baker’s Capitalism’s Achilles Heel was the first book to attempt an explanation of the whole of the offshore problem, especially how offshore is so detrimental to capitalism.  His own disgust with offshore began in Nigeria, where he was horrified by how the offshore system – or infrastructure -- was used to spirit money out of Nigeria by foreigners and Nigerians alike, with the Nigerian oil boom subjecting the country to what is sometimes referred to as the “resource curse.” 

Capitalisms Achilles Heel