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Panama

Michael Hudson: Parallels Between Archaic Entrepots and Modern Offshore Banking Centers

There is perilous little that is novel in modern finance. Our offshore, as in tax havens, have analogues in the ancient world.

By: Nakedcapitalism.com
  • Jun 11 2024
  • 33
  • 2755 Views
Michael Hudson: Parallels Between Archaic Entrepots and Modern Offshore Banking Centers
Michael Hudson: Parallels Betw
Yves here. Despite many pretenses, very little in finance is new, much the less innovative. Paul Volcker still looks correct in calling the ATM the only bank invention in his lifetime. In Econned, we… [+9266 chars]

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