Conversation with Casey Michel, American Kleptocracy

Jeffrey Sachs speaks with journalist Casey Michel, author of American Kleptocracy: How the U.S. Created the World's Greatest Money Laundering Scheme in History.

Jeffrey Sachs and Casey Michel examine how the United States became a center of global tax evasion; how states like Delaware and South Dakota perfected the art of the anonymous shell companies; and how a flood of illicit finance flooded into the U.S. in recent years.  In the process, foreign despots and wealthy oligarchs bought up real estate and industries across American Midwest, while unscrupulous lobbyists gave birth to whole new industries devoted to money laundering and tax evasion.  Casey Michel describes how activists on the frontlines are fighting valiantly to end this reign of kleptocracy.

This video is licensed under the CC BY-NC-SA license.