A vigorous springtime for global corporations and organised crime

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The London Review of Books has a review by Neal Ascherson of McMafia: Crime without Frontiers by Misha Glenny. He ends the review by noting that

Glenny ends with a call for action. The task, which no government wants to confront, is to regulate the global markets and above all the financial markets. National governments (including the British) which issue sanctimonious statements about global crime must start by closing down their offshore banking centres (the Caymans, the British Virgin Islands and so on), which are the world's laundries for dirty money. There was a moment in the 1990s when regulation seemed possible. But nothing happened. Misha Glenny's closing words are despairing: 'Since the millennium . . . a hostile United States, an incompetent European Union, a cynical Russia and an indifferent Japan have combined with the unstoppable ambition of China and India to usher in a vigorous springtime both for global corporations and for transnational organised crime.'

That's it, in a nutshell.


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