The Hidden Hand in Financial Crisis…
January 7, 2009 by sovereignjohn
Tax Havens: The Hidden Hand in the Financial Crisis
By Lagan Sebert on Jan 07, 2009
The financial crisis seems as if it emerged from nowhere and struck as hard and fast as lightning. How did so many financial institutions crumble with so little warning? There are many reasons, but one that has not been given much attention is how tax havens helped enable the mess - and how several of the big companies that have received billions of bailout dollars were also the most active in the shady world of offshore finance.
…there was nothing inevitable about the corporation evolving the way it did. Early Americans understood both the dangers and benefits of corporations, and they controlled them accordingly..
Publisher Comments:
More than ever before, large corporations wield an unjustifiably excessive influence over every aspect of life - economic, political, social, cultural, and environmental - feeding a rabid consumer culture that harms the environment, undermines a shared sense of national prosperity, and threatens ideals of a citizen-powered democracy. A lively and engaging mandate to fight back against corporate dominance, The People’s Business examines the very nature of corporate power, presenting a range of strategies to curtail it, and explaining how ordinary people can restore citizen control. Bringing together a coalition of leading authors, activists, scholars, and professionals, this book serves as a vital, clearheaded plan for strengthening individual rights, transforming corporations into engines of public prosperity, and creating a sustainable, life-respecting society where the people have the power. The book features an introduction by Ralph Nader.
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