With the implosion of communism, along with China’s sharp turn to capitalism, illegally gained fortunes from looted government coffers and bribes, that had always been hustled to secret locations around the world, was robustly magnified with the globalization of banking. By one estimate $1 trillion now leaves the world’s developing countries each year.
(Read more: Estonian Life No. 14 2021 paber- and PDF/digi)
Laas Leivat, Toronto