More on offshore banking

Jul 31, 2012 No Comments by

Amy Goodman has just interviewed James Henry, the author of the report on offshore banking that was cited in the Guardian. You can see the interview or read a transcript at here. He makes the point that when you take offshore finance into account it becomes clear that states like Nigeria are actually net creditors. These countries don’t really have a debt problem – they have a tax problem.

Related posts:

  1. Offshore banking: a major contributor to the economic crisis
  2. Unmissable set of posts re Banking and Euro crisis from #MMT economists
  3. Mike Haywood’s Banking Crisis Digest of April 18th
  4. Offshore banking and tax havens
  5. Mike Hayward’s Banking Crisis Digest of March 9 2011
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About the author

Caroline Whyte collaborated with Richard Douthwaite on an online update of his book Short Circuit: Strengthening Local Economies in an Unstable World in 2002-3 and went on to study ecological economics at Mälardalen University in Sweden in 2005-6, writing a masters thesis on the relationship between central banking and sustainability. She compiled the conclusion for Feasta's 2011 book Fleeing Vesuvius and was a contributor to the Feasta Climate Group's book Sharing for Survival in 2012. She lives in central France, from where she edits the Feasta website.