10 Oct 2024
45m

The Ultra-Rich Are Building a Separate World Here on Earth

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Odd Lots

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In this podcast episode, Atossa Araxia Abrahamian, the author of "The Hidden Globe: How Wealth Hacks the World," explores the complex issue of wealth concealment through free ports, offshore havens, and clever legal strategies. She discusses how free ports have transformed from simple trade hubs into tools for tax avoidance, delving into the competitive environment that supports this shift. Atossa also highlights the regulatory challenges posed by cryptocurrency passports. The conversation takes a critical turn as they examine the negative ramifications of these wealth-hiding tactics, such as diminished state revenues and human rights issues, underscoring the urgent need for international cooperation to tackle these exploitative practices.
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