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Capital without Borders, by Brooke Harrington
Ebook Capital without Borders, by Brooke Harrington
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How do the one percent keep getting richer despite financial crises and the myriad of taxes on income, capital gains, and inheritance? Brooke Harrington interviewed professionals who specialize in protecting the fortunes of the world’s richest people: wealth managers. To gain access to their tactics and mentality, she trained to become one of them.
- Sales Rank: #37677 in eBooks
- Published on: 2016-09-12
- Released on: 2016-09-12
- Format: Kindle eBook
Review
Beautifully written, this book opens a window into the fascinating world of wealth managers for the world’s super-rich. I know of no other book even remotely like it. (John L. Campbell, Dartmouth College)
Brooke Harrington shines a light into the shadowy and little-understood subject of wealth management. Using in-depth interviews and participant observations, she reviews the tools of the trade of financial advisors and shows the implications for economic inequality, political power, and societal organization. This is an important book on a pivotal profession for those concerned about how the top one percent make and keep their money. (Darrell West, The Brookings Institution)
[Harrington] lifts the veil of the wealth management profession…A useful volume for tax policymakers and tax inspectors, the book is also timely: the leak of documents from Panama-based law firm and corporate service provider Mossack Fonseca―known as the Panama papers―led the G20 to improve transparency and exchange of information to stop tax evasion and avoidance by offshore financial centers. (Kiyoshi Nakayama Finance & Development 2016-09-01)
An edifying snapshot of a brave new world of capitalist impunity. (Chris Lehmann In These Times 2016-09-12)
Capital without Borders: Wealth Managers and the One Percent is an innovative approach to addressing a problem that is even more pressing than income inequality―wealth inequality…The book is rich in fascinating detail, from the historical roots of wealth management to a description of a state system that might be called the ‘parasitic twin’ of the Westphalian model. Capital without Borders is a book that everyone who cares about fairness, the rule of law, and equal opportunity should read. Even if, or perhaps especially if, you’re in the ‘one percent.’ (Brenda Jubin ValueWalk 2016-09-11)
Brooke Harrington’s study of wealth management is one of those rare books where you just have to stand back in awe and wonder at the author’s achievement. In this intensely readable study, she offers a first-ever scholarly insight into a profession that was almost unknown a little over two decades ago… Harrington offers profound insights into the world of the professional people who dedicate their lives to meeting the perceived needs of the world’s ultra-wealthy. And, as she makes clear, the most apparently compelling of those needs is to avoid the rule of law… Don’t doubt the importance of this book’s messages: this is a significant and valuable case study at the current frontier of political economy. (Richard J. Murphy Times Higher Education 2016-09-29)
About the Author
Brooke Harrington is Associate Professor of Sociology at Copenhagen Business School, Denmark.
Most helpful customer reviews
7 of 9 people found the following review helpful.
How the world really works.
By Raul A Velazquez
This book is not a get rich for dummies read. It is for the average middle to low income citizen wondering why economical growth is unobtainable.
Why taxes are always so high for them yet so low for the ultra wealthy. Or nonexistent in gains via investments.
It's the keyhole view into a hidden world dating back to feudal times.
15 of 16 people found the following review helpful.
How the world really works for the one percent
By Julien Reicheart
If you want to understand why the rich keep getting richer, and what the whole Panama Papers scandal was really about, this is your book. It is the clearest, most compelling description of the global wealth game I have ever read. It's also very illuminating about the idea that it's 'smart' for the wealthy not to pay taxes, which we have been hearing so much about lately.
As for 'Adam Wayne,' the reviewer who complains that this isn't the 'get rich quick' guide he expected, anyone who thinks that Harvard University Press publishes that kind of thing is not the brightest bulb in the shed, if you know what I mean.
Read this book for what it says about globalization and the one percent; it also has fascinating insights on the lives of the world's wealthiest people, as seen by their servants. Some of the stories are hilarious, many are shocking; the whole thing will make you a lot smarter about how the world really works.
3 of 7 people found the following review helpful.
Stay away.
By Martin van Creveld
The author is an associate professor of Sociology at Copenhagen Business School. Reading her book, I thought she might as well be a paid hack working for those wonderful people, wealth managers, and their even more wonderful organization, STEP (Social Transformation and Educational Prosperity). A pity, for the topic is both important and interesting.
Stay away.
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