Summary of Oliver Bullough's Moneyland , livre ebook

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38 pages

English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 There are many faces of London, depending on whom it is speaking to. For tourists, there is the pageantry and ceremony of the Changing of the Guards, which is for the tourists. For locals, there are the suburbs with their semi-detached houses, hedges, no-through-roads, and parks.
#2 The second place to go with this story is to look back at 2 Woodberry Grove and ask why Pompolo, a company with access to significant amounts of cash, would base itself in an unglamorous part of London.
#3 Paul Manafort, who was Trump’s campaign manager for a short period of time, revealed corruption surrounding the election of Donald Trump. But his link to Trump inadvertently gives us a window into something much bigger, a shadowy system that is quietly but effectively impoverishing millions.
#4 I visited many of the old elite’s hidden haunts after the revolution. One trip took me to the heart of a forest outside Kiev, where I found the key to paradise.

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Publié par	Everest Media LLC
Date de parution	10 avril 2022
Nombre de lectures	0
EAN13	9781669383918
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Insights on Oliver Bullough's Moneyland
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11 Insights from Chapter 12 Insights from Chapter 13 Insights from Chapter 14 Insights from Chapter 15 Insights from Chapter 16 Insights from Chapter 17 Insights from Chapter 18 Insights from Chapter 19
Insights from Chapter 1

#1

There are many faces of London, depending on whom it is speaking to. For tourists, there is the pageantry and ceremony of the Changing of the Guards, which is for the tourists. For locals, there are the suburbs with their semi-detached houses, hedges, no-through-roads, and parks.

#2

The second place to go with this story is to look back at 2 Woodberry Grove and ask why Pompolo, a company with access to significant amounts of cash, would base itself in an unglamorous part of London.

#3

Paul Manafort, who was Trump’s campaign manager for a short period of time, revealed corruption surrounding the election of Donald Trump. But his link to Trump inadvertently gives us a window into something much bigger, a shadowy system that is quietly but effectively impoverishing millions.

#4

I visited many of the old elite’s hidden haunts after the revolution. One trip took me to the heart of a forest outside Kiev, where I found the key to paradise.

#5

I was so excited about the prospect of democratic transformation in Eastern Europe in the 1990s that I didn’t realize I had already missed it. Instead, I found myself reporting on wars and abuses, experiencing paranoia and harassment.

#6

I had written two books about the former USSR by 2014, and I had noticed that the nations that had gained independence in 1991 had not gained liberty and prosperity, but politicians who cared more about their own defecatory comfort than the well-being of the nations they ruled.

#7

The Ukrainian health ministry ended up paying more than double what it needed to for anti-retrovirals, the drug needed to control HIV and prevent it from developing into full-blown AIDS, despite Ukraine's having Europe's fastest-growing epidemic.

#8

The investigation revealed that the president’s assets were all overseas, in tax havens. This made it difficult for investigators to track them down.

#9

Offshore finance allows corrupt officials to steal money from their home countries and deposit it into a box that teleportes it to any destination they choose. The money is then completely out of reach and oversight of the public.

#10

The damage this does to the countries that lose the money is clear. Nigeria has lost control of its northern regions, and millions of people are refugees. Libya is barely recognizable as a state, with multiple warring factions battling for control, leaving a free path for people traffickers.

#11

The problem of corruption exists in many countries, and it is easy to find when you know where the money is. It is only obvious if you already know it exists.

#12

Manafort’s lifestyle was funded by his work in Ukraine. He spent $934,350 on antique rugs, $849,215 on clothing, and $112,825 on audio and video equipment. But it was the property that was the biggest expense.

#13

In newer and poorer countries, the rich are able to take advantage of offshore tricks that are unavailable to the rest of us. This leads to an ever-growing divide between those who own assets and those who don’t, which undermines democratic legitimacy.

#14

The West is a conduit for money to fund Putin’s security services, create anti-Western propaganda, and support political extremists favorable to his interests. Corruption is a force multiplier for the West’s enemies.

#15

Money flows across borders, but laws do not. The rich live globally, while the rest of us have borders. We must stop people from saying that they couldn’t have known about the abuse of the global financial system.

#16

Many houses in London are owned by offshore companies, which can make it difficult to tax them. This can lead to money being diverted away from crucial services.

#17

The more I researched this, the more I realized it applies far beyond just property ownership. If you are a Syrian refugee, global visa restrictions severely limit your ability to travel. If you are a wealthy Syrian citizen, however, you can buy a passport from St. Kitts and Nevis, Cyprus or half a dozen other countries, and suddenly you have access to a world of visa-free travel.

#18

The laws of Moneyland are whatever laws are most suitable for those who can afford them at any given moment. If a country’s law restricts Moneylanders in any way, they simply shift their assets to countries with more generous laws.

#19

Olson’s argument that it is in everyone’s interest for a government to exist only works if everyone is thinking in the long term. In fact, the more you steal now, the more you and your children get to keep. This is the dark side of globalization, and there is no positive case to be made for it.

#20

Moneyland is a place where people hide their stolen wealth. It has neutered the core function of democracy, which is to tax citizens and use the proceeds for the common good. Many people have become disillusioned with democracy, and have turned to strongmen like Yanukovich, who have undermined democracy even more.

#21

Moneyland is the natural result of a world where money moves freely and laws do not, and where a good living can be made from exploiting the mismatches that result. It is more like an anthill than a traditional organization.
Insights from Chapter 2

#1

The Bretton Woods conference in 1944 was the foundation of the modern economic system, which was designed to stop

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