Offshore: Stealth Wealth and the New Colonialism

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A Financial Times best book of the year and one of The New Yorker’s “Political Books to Help Us Make Sense of 2024”
An eye-opening account of offshore finance: a secretive system making the rich richer while corroding democracy, capitalism, and the environment.

How do the rich keep getting richer, while dodging the long arm of the law? From playboy billionaires avoiding taxes on private islands to Russian oligarchs sailing away from sanctions on their superyachts, the ultra-rich seem to live in a different world from the rest of us. That world is called offshore. Hidden from view, the world’s ultra-rich can use offshore finance to escape tax obligations, labor and environmental safety regulations, campaign finance rules, and other laws that get in their way.

In Offshore: Stealth Wealth and the New Colonialism, sociologist Brooke Harrington reveals how this system works, as well as how it degrades democracy, the economy, and the public goods on which we all depend. Harrington spent eight years infiltrating this secretive world by training as a wealth manager, traveling from glossy European and North American capitals to developing countries in South America and Africa, to islands in the Indian Ocean, Caribbean, and South Pacific regions. Through interviews with dozens of wealth managers in nineteen countries, Harrington uncovered how this global network of offshore financial centers arose from the remnants of colonialism and has created a new, hidden imperial class

This engrossing deep dive reveals what offshore finance costs all of us, and how it has colonized the world—not on behalf of any one country, but to benefit a largely invisible empire of a few thousand billionaires, who help themselves to the best society has to offer while sticking us with the bill. As politicians struggle to address the deepening economic and political inequality destabilizing the world, Harrington’s exposé of the offshore system is a vital resource for understanding the most pressing crises of our time.

Publisher ‏ : ‎ WW Norton (Aug. 5 2025)
Language ‏ : ‎ English
Paperback ‏ : ‎ 176 pages
ISBN-10 ‏ : ‎ 1324110325
ISBN-13 ‏ : ‎ 978-1324110323
Item weight ‏ : ‎ 369 g
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5 reviews for Offshore: Stealth Wealth and the New Colonialism

  1. christy

    the book was in great shape,

  2. Moacyr Mondado Junior

    Tema muito atual, com uma visão social do que significam os paraísos fiscais, baseada em pesquisa ampla e de longo tempo.

  3. Big baws mcgraw

    Thoroughly enjoyed this book. Straight to the point about a topic I hadn’t really considered but very important if we want to address some of the fundamental flaws.

  4. CCN

    Un terzo del libro è composto da note bibliografiche. Il resto sono un centinaio di pagine di discorsi vaghi su quanto siano dannosi i conti offshore, ripetendo concetti superficiali col livello di approfondimento delle chiacchiere che potrebbero fare al bar delle persone del tutto ignoranti della materia. L’autrice sostiene di aver studiato wealth management ma in questo libro non c’è niente di specifico per es. su come funzionano i trust o sulla legislazione dei diversi paradisi fiscali. Arrivato a metà libro senza aver imparato assolutamente niente lo ho buttato direttamente nel cestino perché non merita nemmeno lo spazio sulla libreria. Non ricordo di aver mai letto un saggio inconsistente come questo!

  5. Paul E. Taliaferro

    This book is very well written and reiterates things that I knew in a clear and concise manner. One important aspect that I gleaned was the purpose for the obvious greed. I recommend it.

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