Wealth Archives - ROAPE
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Wealth Tag

Nataliya Mykhalchenko reviews a book that describes the devastating impact of tax havens and capital flight for Africa. The book details the intricate relationship between capital flight, global corporations, bank secrecy and the elites, i.e. the power-accumulation nexus. As a proportion of total wealth, Africa is the most afflicted continent in the world. For example, elites on the continent hold approximately USD 500 billion in financial wealth offshore, roughly 30% of total financial wealth held by Africans....

Responding to the debate on the changing nature of imperialism on roape.net, Walter Daum challenges Patrick Bond’s defence of David Harvey. Daum argues that while there is no question that the ‘East’ has gained relatively in wealth, this does not mean that there has been an epochal shift in the flow of value; it is extremely dubious that the directional flows of centuries have reversed and that the East, including China, is draining value from the West. ...