
Season 2, Episode 3: Casey Michel: American Kleptocracy
Book Club with Jeffrey Sachs
00:00
The Nine Richest Americans Have One Point Two Trillion Dollars
The nine richest americans, as are discussion to day, have one point two trillion dollars. That's a number that is unimaginable for nine people 20 years ago. If you go up looking on bloomburg dot com for billionaires, they give the daily account. There's no legal questions that are required to be asked whatsoever without any kind of oversight. And it's no surprise that these other industries, real estate, private equity, hedge funds, art and auction houses, et cetera, have ballooned into sources of ecleptocratic services,. Sources of money laundering, writ large, right here in the united states.
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