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The mistakes the United States has made in Latin America--and the high price it will pay for themCould it be that for the first time in history, the United States needs Latin America more than the other way round? Since the early 1800s, the United States regarded the region as its "backyard," but in the past decade South America's leaders have increasingly snubbed US efforts to persuade them to adopt free-market economics and sign trade agreements. While Washington has been distracted by military campaigns elsewhere, rivals such as China, Russia, and Iran have expanded their clout in Latin America, and US influence in the region has fallen to a historic low--at the very time that the United States has become more dependent than ever on exporting to Latin America and importing its oil. Combining sharp wit and great storytelling with trenchant analysis, Hal Weitzman examines how America "lost the South" and argues that if the United States is to find a new role in a world of emerging superpowers, it must reengage with Latin America.* Charts the rise of resource nationalism--in which governments take increasing control of natural resources and squeeze multinational corporations--in South America and across the world* Illustrates analytical points with vivid stories--such as the disappearance of the Panama hat or the sweater Evo Morales wore throughout a world tour--and interviews with presidents, policymakers, and protesters* Written by a Financial Times journalist who formerly served as its Andes correspondent based in Lima, Peru
How the "e;First State"e; has enabled international crime, sheltered tax dodgers, and diverted hard-earned dollars from the rest of usThe legal home to over a million companies, Delaware has more registered businesses than residents. Why do virtually all of the biggest corporations in the United States register there? Why do so many small companies choose to set up in Delaware rather than their home states? Why do wealthy individuals form multiple layers of private companies in the state? This book reveals how a systematic enterprise lies behind the business-friendly corporate veneer, one that has kept the state afloat financially by diverting public funds away from some of the poorest people in the United States and supporting dictators and criminals across the world.Hal Weitzman shows how the de facto capital of corporate America has provided safe haven to money launderers, kleptocratic foreign rulers, and human traffickers, and facilitated tax dodging and money laundering by multinational companies and international gangsters. Revenues from Delaware's business-formation industry, known as the Franchise, account for two-fifths of the state's budget and have helped to keep the tax burden on its residents among the lowest in the United States. Delaware derives enormous political clout from the Franchise, effectively writing the corporate code for the entire country-and because of its outsized influence on corporate America, the second smallest state in the United States also writes the rules for much of the world.What's the Matter with Delaware? shows how, in Joe Biden's home state, the corporate laws get written behind closed doors, enabling the rich and powerful to do business in the shadows.
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