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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRussian-Style Kleptocracy Is Infiltrating America
https://www.theatlantic.com/magazine/archive/2019/03/how-kleptocracy-came-to-america/580471/?fbclid=IwAR3JiN6gWJUdP8JCBiCUQ2ugI0faweZ0Mp-PubPs3xulUW931pDEAbBLyVA"The United States, Palmer made clear, had allowed itself to become an accomplice in this plunder. His assessment was unsparing. The West could have turned away this stolen cash; it could have stanched the outflow to shell companies and tax havens. Instead, Western banks waved Russian loot into their vaults. Palmers anger was intended to provoke a bout of introspectionand to fuel anxiety about the risk that rising kleptocracy posed to the West itself. After all, the Russians would have a strong interest in protecting their relocated assets. They would want to shield this wealth from moralizing American politicians who might clamor to seize it. Eighteen years before Special Counsel Robert Mueller began his investigation into foreign interference in a U.S. election, Palmer warned Congress about Russian political donations to U.S. politicians and political parties to obtain influence. What was at stake could well be systemic contagion: Russian values might infect and then weaken the moral defense systems of American politics and business.
This unillusioned spook was a prophet, and he spoke out at a hinge moment in the history of global corruption. America could not afford to delude itself into assuming that it would serve as the virtuous model, much less emerge as an untainted bystander. Yet when Yegor Gaidar, a reformist Russian prime minister in the earliest postcommunist days, asked the United States for help hunting down the billions that the KGB had carted away, the White House refused. Capital flight is capital flight was how one former CIA official summed up the American rationale for idly standing by. But this was capital flight on an unprecedented scale, and mere prologue to an era of rampant theft. When the Berkeley economist Gabriel Zucman studied the problem in 2015, he found that 52 percent of Russias wealth resided outside the country."
And it isn't just about how if effects the US:
"The collapse of communism in the other post-Soviet states, along with Chinas turn toward capitalism, only added to the kleptocratic fortunes that were hustled abroad for secret safekeeping. Officials around the world have always looted their countries coffers and accumulated bribes. But the globalization of banking made the export of their ill-gotten money far more convenient than it had beenwhich, of course, inspired more theft. By one estimate, more than $1 trillion now exits the worlds developing countries each year in the forms of laundered money and evaded taxes."
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Russian-Style Kleptocracy Is Infiltrating America (Original Post)
TexasBushwhacker
Feb 2019
OP
PeeJ52
(1,588 posts)1. Infiltrating???
We're claiming it for ourselves and fine tuning it. USA USA
Response to TexasBushwhacker (Original post)
Kajun Gal This message was self-deleted by its author.
Yo_Mama_Been_Loggin
(108,034 posts)3. Kick