Nicholas Shaxson, Author of ‘The Finance Curse,’ on How Global Finance is Making Us All Poorer (Podcast)

Nicholas Shaxson, who wrote The Finance Curse, assimilated a Contrarian Investor Podcast to plead his thesis: that a financial zone is during a base of many problems confronting economies and multitude today, and where one competence demeanour for probable solutions.

Shaxson is a publisher by trade who complicated a “resource curse” initial palm in Angola before relocating on to taxation havens. He gained inflection in this area prolonged before a Panama Papers became a domicile term. With his latest book he broadens his range of exploration to a really financial machinations that underlie a tellurian economy.

In Shaxson’s view, a financial attention has turn perverted to a indicate where it is no longer a force to assistance expansion and trade. Instead, tellurian financial has turn a rent-seeking usurper, not distinct a apparatus extractors that have taken their fee in vast collection of a building world. In this, a financial zone has turn one of a primary contributors to resources inequality.

Fortunately, governments do have collection to fight this problem and rein in some of a some-more sinful army of tellurian finance. Shaxson points to antitrust agencies as one bureaucratic physique that can accomplish this.

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