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Millions of people have a queasy feeling that something is not right in the global economy - but they struggle to put their fingers on what exactly the problem is. Treasure Islands at last tells the real story of where it all went wrong. This is the great untold story of globalisation. Tax havens are not exotic, murky sideshows at the fringes of the world economy: they lie at its centre. Half of world trade flows, at least on paper, through tax havens. Every multinational corporation uses them routinely. The biggest users of tax havens by far are not terrorists, spivs, celebrities or Mafiosi - but banks. Tax havens are the ultimate source of strength for our global elites. Just as European nobles once consolidated their unaccountable powers in fortified castles, to better subjugate and extract tribute from the surrounding peasantry, so financial capital has coalesced in their modern equivalent today: the tax havens. In these fortified nodes of secret, unaccountable political and economic power, financial and criminal interests have come together to capture local political systems and turn the havens into their own private law-making factories, protected against outside interference by the world's most powerful countries - most especially Britain. Treasure Islands will, for the first time, show the blood and guts of just how they do it. Tax havens aren't just about tax. They are about escape - escape from criminal laws, escape from creditors, escape from tax, escape from prudent financial regulation - above all, escape from democratic scrutiny and accountability. Tax havens get rich by taking fees for providing these escape routes. This is their core line of business. It is what they do. These escape routes transform the merely powerful into the untouchable. "Don't tax or regulate us or we will flee offshore!" the financiers cry, and elected politicians around the world crawl on their bellies and capitulate. And so tax havens lead a global race to

If, as Lessig conclusively demonstrates, Congress is indifferent to the will of the people and to democratic debate - because it has been captured by monied interests to whose interests it exclusively attends - then the people lose the ability to affect what government does in any realm. It doesn't make much difference which problem you believe is most pressing: this is the dynamic that lies at the heart of it. Inaction on climate issues is due to the power of polluters and energy companies; the power of the private health insurance industry blocks fundamental health-care reform; endless war and civil liberties abuses are sustained by the power of the surveillance and National Security State industries; and a failure to achieve real Wall Street reform is due to the fact that, as Sen. Dick Durbin amazingly acknowledged about the institution in which he serves, "the banks frankly own the place." Without finding an effective way to address that overarching problem, the only recourse for citizens becomes either passive acceptance of their powerlessness (i.e., apathy and withdrawal) or disruption and unrest fomented outside of the electoral system (the driving ethos of OccupyWallStreet).

"Linda, dozing in the light of the campfire, jolted awake. She sat up, stretched, willed herself to wakefulness. It was her first duty on watch-she'd insisted on a stint-and she'd dozed. How reliable of her. She peered into the woods, listening, wondering why she'd awoken. The campfire crackled and whispered. A spark popped. She thumbed open the cylinder release of her revolver and counted bullets. The gun looked ancient, like a long-barreled cowboy weapon. As if she would know. She eased the cylinder shut with a click. She settled back again, grateful she hadn't shot anyone. Something rustled in the darkness of the nearby forest. She should be accustomed to this by now. Rainforest nights were deathly quiet in comparison to Boston nights, but that was just the problem. It would take a gunshot or a siren to jar her awake back home, but mere whispers did the trick here. They signaled movement. The jungle was alive, teeming. Jaguars would be about, prowling. The big cats had killed and eaten grown men on occasion. Man-eating jaguars. Nice. No chance of sleep now. Grant slumped in his chair opposite the fire, sound asleep, snoring softly, reassuringly. Not quite enough to set her at ease. The others had gone to bed. He preferred to stay with the watch, a visible, armed backup. What would be more comforting than Indiana Jones sound asleep would be Indiana Jones wide awake. She coughed, gently. Grant slept on. "Grant," she said. No response. "Hey, Grant!" He stirred and rubbed his eyes. "What?" "I didn't say anything." "Hm. Okay." Linda glanced about. "I'm hearing things in the woods. Maybe those sounds woke you." Grant sat up. "What kind of sounds?" He picked up his rifle. "Something moving." They sat in silence for long moments, listening. At last, Grant said, "The alarms haven't tripped. That's a good sign. Anything big would have set them off." He looked at his watch. "Why don't you get some sleep? You've only g

"Linda, dozing in the light of the campfire, jolted awake. She sat up, stretched, willed herself to wakefulness. It was her first duty on watch-she'd insisted on a stint-and she'd dozed. How reliable of her. She peered into the woods, listening, wondering why she'd awoken. The campfire crackled and whispered. A spark popped. She thumbed open the cylinder release of her revolver and counted bullets. The gun looked ancient, like a long-barreled cowboy weapon. As if she would know. She eased the cylinder shut with a click. She settled back again, grateful she hadn't shot anyone. Something rustled in the darkness of the nearby forest. She should be accustomed to this by now. Rainforest nights were deathly quiet in comparison to Boston nights, but that was just the problem. It would take a gunshot or a siren to jar her awake back home, but mere whispers did the trick here. They signaled movement. The jungle was alive, teeming. Jaguars would be about, prowling. The big cats had killed and eaten grown men on occasion. Man-eating jaguars. Nice. No chance of sleep now. Grant slumped in his chair opposite the fire, sound asleep, snoring softly, reassuringly. Not quite enough to set her at ease. The others had gone to bed. He preferred to stay with the watch, a visible, armed backup. What would be more comforting than Indiana Jones sound asleep would be Indiana Jones wide awake. She coughed, gently. Grant slept on. "Grant," she said. No response. "Hey, Grant!" He stirred and rubbed his eyes. "What?" "I didn't say anything." "Hm. Okay." Linda glanced about. "I'm hearing things in the woods. Maybe those sounds woke you." Grant sat up. "What kind of sounds?" He picked up his rifle. "Something moving." They sat in silence for long moments, listening. At last, Grant said, "The alarms haven't tripped. That's a good sign. Anything big would have set them off." He looked at his watch. "Why don't you get some sleep? You've only g

A wonderfully told story of the pain of individuals using each other for their own purposes. I enjoyed this book very much and as the author diligently builds upon two people using each other to satisfy their loneliness and then the numbness of the suffering that is created from such a codependent relationship. The unfortunate pain of almost redemption but never resolution at the end of the book left me feeling the way I should feel: a bit saddened for both of the characters.