#376 — How Democracies Fail
Making Sense with Sam Harris
Corruption and the Breakdown of State Assets
State assets in Russia were taken advantage of during the breakdown of the state, with individuals like Putin amassing wealth by acquiring state assets at low cost through corrupt means. The Western financial system facilitated this enrichment, enabling a few to become billionaires at the expense of ordinary Russians. This type of corruption was not limited to Russia but was also seen in other countries worldwide. The international financial system played a role in enabling this form of corruption by allowing the flow of money out of countries through tactics like money laundering and hiding funds in tax havens. The speaker emphasizes the importance of cleaning up corruption within our own systems to combat such regimes and prevent the exploitation of state assets and funds for personal gain.
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