Category Archives: Offshore

Capitalism Did Not Win the Cold War

This article first appeared at Foreign Affairs. Why cronyism was the real victor. When the Soviet Union collapsed 26 years ago, it was generally agreed that the West had won the Cold War. This was affirmed by the prosperity and … Continue reading

Posted in Africa, Brazil, BRIC countries, Communism, Corruption, Cronyism, Economy, Emerging Markets, Foreign Affairs, Hedge Funds, New York, Offshore, Oil, Real Estate, Russia, Society, United States, US Economy | Leave a comment

Manhattan Ultra-Luxury ‘Battling the Serpent of Chaos’

The deceleration of China and resulting commodities crash have created a problem for developers of ultra luxury condominiums. The ancient Egyptians believed that the sky was a solid dome, the belly of the goddess Nut who arched her body from one side of the … Continue reading

Posted in China, Commodities, Economy, Investment, New York, Offshore, Real Estate, Society, US Economy

Guardian: $21 Trillion Hoard Hidden From Taxman by Global Elite

HEATHER STEWART, business editor at THE GUARDIAN writes: A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together … Continue reading

Posted in Offshore, Taxation