"Our current democratic capitalist system is close to imploding. This book is the first to reveal the secret financial system dominating capitalism today and shows how we can create accountability to restore our democracy. Over the last half century, capitalism has created the means for...

Economists have overlooked and misunderstood the impact of illegal financial flows "dirty money" on the global economy, according to Raymond Baker and Jennifer Nordin. Estimated at $1 trillion annually, dirty money renders economic analysis inaccurate and undermines development in poor countries.

Although the practice of disguising the illicit origins of money dates back thousands of years, the concept of money laundering as a multidisciplinary topic with social, economic, political and regulatory implications has only gained prominence since the 1980s. This groundbreaking volume offers...