Description
In 2015, the anonymous leak of the Panama Papers brought to light millions of financial and legal documents exposing how the superrich hide their money using complex webs of offshore vehicles. Spiderweb Capitalism takes you inside this shadow economy, uncovering the mechanics behind the invisible, mundane networks of lawyers, accountants, company secretaries, and fixers who facilitate the illicit movement of wealth across borders and around the globe.
Kimberly Kay Hoang traveled more than 350,000 miles and conducted hundreds of in-depth interviews with private wealth managers, fund managers, entrepreneurs, C-suite executives, bankers, auditors, and other financial professionals. She traces the flow of capital from offshore funds in places like the Cayman Islands, Samoa, and Panama to special-purpose vehicles and holding companies in Singapore and Hong Kong, and how it finds its way into risky markets onshore in Vietnam and Myanmar. Hoang reveals the strategies behind spiderweb capitalism and examines the moral dilemmas of making money in legal, financial, and political gray zones.
Dazzlingly written, Spiderweb Capitalism sheds critical light on how global elites capitalize on risky frontier markets, and deepens our understanding of the paradoxical ways in which global economic growth is sustained through states where the line separating the legal from the corrupt is not always clear.
Details
Discover the shocking truth behind the world of offshore shell corporations and how the wealthy exploit frontier markets in Spiderweb Capitalism: How Global Elites Exploit Frontier Markets. Unveiling the secrets of the Panama Papers leak, this gripping book takes you on a journey into the clandestine networks of lawyers, accountants, and fixers who help the superrich amass their wealth while keeping it hidden.
Written by Kimberly Kay Hoang, who traveled extensively and conducted countless interviews, Spiderweb Capitalism exposes the inner workings of this secret economy. Follow the flow of capital from offshore funds in exotic locations like the Cayman Islands and Samoa to the special-purpose vehicles and holding companies in bustling financial hubs such as Singapore and Hong Kong. Ultimately, the money finds its way into unstable markets like Vietnam and Myanmar, where risks run high but rewards are even higher.
Get ready to dive into the gray zones of legality, finance, and politics as Spiderweb Capitalism delves into the moral dilemmas faced by those who profit from these uncharted territories. This thought-provoking book challenges our notions of economic growth and sheds light on the complex yet resilient nature of global capitalism.
Are you ready to uncover the twisted web of wealth and power in the world of frontier markets? Take the first step towards understanding the hidden mechanisms behind global elites' exploitation of offshore vehicles. Order your copy of Spiderweb Capitalism now and embark on a captivating journey into the heart of international finance.
Order your copy of Spiderweb Capitalism and unveil the hidden secrets of the global elite's financial world.
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