The chapter delves into the contrasting network structures of financial systems in democratic versus authoritarian regimes, focusing on motivations like trust and secrecy. It discusses how individuals from autocratic countries use offshore networks to protect their wealth from regime seizures, employing tactics like placing assets in locations with independent legal systems. The narrative explores the intricate strategies of oligarchs navigating around dictators and highlights the paradox of using offshore systems for protection while still valuing the rule of law.
Continuing from our last episode, we’re joined again by Brooke Harrington, Professor of Sociology at Dartmouth College and Herbert Chang, Assistant Professor of Quantitative Social Science at Dartmouth College.
In this episode, Brooke and Herbert explore their research findings on the offshore financial system and discuss why policy interventions to date targeting wealth management have largely failed. They then explore how the findings of their research offer a way forward.
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