“So Eurodollars were in one sense dollars like any other, but in another sense they were different because they had escaped into a market outside government control, where they could behave freely. It’s a bit like taking someone from their family home in the suburbs to a wild part of town and offering them whisky and cocaine. They are the same person but also different – more fun but also more irresponsible.” FinanceRegulationEurodollars Book:The Finance Curse: How Global Finance Is Making Us All Poorer Source: The Finance Curse: How Global Finance Is Making Us All Poorer
“...offshore is, almost by definition, the equivalent of the smoke-filled room, where business always gets done outside of, and indeed in opposition to, the democratic process. They operate according to the Golden Rule: whoever has the gold, makes the rules.” CorruptionOffshoreDemocracy Gone Wrong Book:The Finance Curse: How Global Finance Is Making Us All Poorer Source: The Finance Curse: How Global Finance Is Making Us All Poorer