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Moneyland
- Why Thieves and Crooks Now Rule the World and How to Take It Back
- Narrated by: Oliver Bullough
- Length: 9 hrs and 36 mins
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Publisher's summary
An Economist Politics and Current Affairs book of the year.
Once upon a time, if an official stole money, there wasn't much he could do with it. He could buy himself a new car or build himself a nice house or give it to his friends and family, but that was about it. If he kept stealing, the money would just pile up in his house until he had no rooms left to put it in, or it was eaten by mice. And then some bankers in London had a bright idea. Join the investigative journalist Oliver Bullough on a journey into Moneyland - the secret country of the lawless, stateless superrich. Learn how the institutions of Europe and the United States have become money-laundering operations, undermining the foundations of Western stability.
Discover the true cost of being open for business no matter how corrupt and dangerous the customer. This is the story of wealth and power in the 21st century. It isn't too late to change it.
Critic reviews
"You cannot understand power, wealth and poverty without knowing about Moneyland." (Simon Kuper, New Statesman)
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- Orca
- 09-03-20
A bit half baked
The book as a whole lacks structure so that it reads, rather ploddingly, like a write-up of the author's notes - a travelogue more than a serious treatise. It makes for an anecdotal style overall that undermines the profundity and implications of Bullough's thesis. Also there are whopping omissions. No mention of the Panama papers, or the mortal dangers that more forensic investigators have encountered. Interesting, but definitely a missed opportunity.
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- M. Gallagher
- 05-10-19
Fascinating investigation
You will race through this book. Highly recommended.
Moneyland is a fascinating insight into the murky world of how the super wealthy and super corrupt hide their fortunes.
It will make you furious, not only with the super wealthy, those dictators and kleptocrats, but also the banks, the middlemen, the small islands in the Atlantic, the clandestine Swiss culture, the lawyers and all the other enablers in the chain that make up the cast of this book. As a Londoner, I felt particularly aggrieved at the City's role in the story.
With each chapter, you do feel like your soul is being squeezed a little more with every new tale of the ruthless pursuit of greed, but the author uncovers and explains the processes so elegantly and vividly, that a layperson like me could understand how these tricks are deployed and that at least someone is digging.
Even though the author does a remarkable investigation, you still get the sense that there is so much more out there that is shielded from all attempts to uncover, so I hope a sequel is in the works - hopefully, one where more people end up in prison!
Really well read by the author too.
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27 people found this helpful
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- Judy Corstjens
- 04-22-19
Makes you quite angry
It is rather depressing and angry-making hearing how western lawyers and bankers, particularly here in London, help kleptocrats and dictators the world over move and then spend their stolen and extorted cash. How you can buy citizenship from a range of compliant countries, from tiny islands trying to make a buck once cast off into impecunious independence, to paid up members of the EU - or go one better and buy diplomatic immunity by becoming a diplomat of some tin-pot state. The USA made some progress breaking the banking secrecy laws of Switzerland - but then refused to reciprocate with the rest of the world, and now offers tax havens on-shore in the US for non-US citizens. Oliver Bullough is a naturally witty and sunny person, and his writing reflects this joyful personality, somewhat countering what would be a rather sombre subject.
Narration : Bullough reads his own book and is not a professional actor. However, he gives it a jolly good try and his enthusiasm and natural wit carry it off, making the delivery very personal and enjoyable.
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23 people found this helpful
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- Julia Bonner
- 06-11-19
A Good Exposé but....
My main criticism of the relates to the title. “Moneyland: Why Thieves And Crooks Now Rule The World And How To Take It Back”. The part detailing why and how thieves rule the world is very good. Detailed and well researched it shines a light on the dirty underbelly of our societies. However the part of the title that states “how to take it back” didn’t really appear. Perhaps it was implied. In fact my takeaway from the book was that as soon as laws get made to tackle the issues and crimes in moneyland, new loopholes are immediately created and the law becomes leaky at best, obsolete at worst. It’s almost as if the “how to take it back” part is futile.
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20 people found this helpful
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- papapownall
- 08-12-20
The root of all evil transcends national borders
We live in a world where money can buy just about anything. According to the author of this book Oliver Bullough (pronounced "Bull - Oh") the ultra rich live in a place called Moneyland where anything is possible including citizenship in low tax territories and, the greatest prize of all, diplomatic immunity from the law which seemingly can be purchased by making a donation to a cash strapped country. Moneyland exists anywhere that people want to hold funds outside governments. Money moves freely, laws do not.
Bullough traces the roots of the current world order back to the Bretton Woods agreement at the end of World War II to impose fixed exchange rates between their currencies and the US dollar with the intention of encouraging international collaboration and trade. The inception of Eurobonds in the 1960s gave high net worth individuals greater ability to move their wealth around the world and independence of some small countries from their colonial masters gave rise to "tax havens" and jurisdictions that did not ask too many questions when accepting deposits.
For many very rich people, taking advantage of arrangements such as off shore trusts and complex corporate structures is simply efficient tax planning and enables them to steer clear of public scrutiny. Unfortunately for them, it would seem, Moneyland is also inhabited by criminals and corrupt government officials who want to stash away their ill gotten bounty without too many questions being asked. The author describes some of these shell company structures as like using a plastic bag to pick up a dog turd, it keeps your hands clean.
There is no shortages of territories that are willing to hold wealth and shelter taxes including the UK Channel Islands, Caribbean islands such as Nevis and Bermuda, micro-states such as Liechtenstein and Monaco in addition to the previously secretive Swiss banking system. Following the economic crisis of 2008, however, some high profile Swiss banks were embarrassingly for them, forced to disclose the names of account holders by US regulators. This was only a minor blip for Moneyland and Swiss banks have been replaced, ironically enough, with trusts in Nevada and South Dakota as the favoured place to stash their money.
The scale of funds held by the ultra rich are quite simply staggering and I would encourage anyone to read this book who has a passing interest in global economics.
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7 people found this helpful
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- Amazon Customer
- 05-31-19
Misleading title
Interesting listen but does not live up to its promise. This book does describe (very well) why thieves and crooks now rule the world, but offers almost no useful advice on how to take if back.
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7 people found this helpful
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- Gareth Galea
- 04-12-19
Shocking!
Moneyland is a shocking glimpse into the world of the ostentatious and half-visible super rich. If you don't feel righteous anger after listening to what Mr. Bullough has to say then you're either thick or in on the scam. I expected a dry, technical report but instead got a fast-paced and hard-hitting account of a complex global phenomenon which underlies many of the problems the average person in society faces today. This is something we need to deal with immediately. I thoroughly recommend this audio book.
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7 people found this helpful
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- Scott
- 10-12-19
worth the credit!
Great voice, interesting topic. Would listen again.
Well researched and look forward to any more work from Oliver
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6 people found this helpful
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- Ms. K. D. KC
- 06-12-19
Needs a bit of editing
It’s a bit long and verbose, there are quicker ways to get the point. It felt a bit like being back at university!
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6 people found this helpful
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- Oxonandrew
- 11-06-19
Super interesting
It’s hard not to be shocked by the content of this book. It must have been very difficult to research and write as the author is putting himself in harms way even telling the stories. The only critique is that the author reads the text a little too fast, at some points, making complicated stories difficult to follow. So I had to rewind a few times to fully understand what was being said, at times. But for the most part it was ok. The authors voice varied a bit throughout the book, in a way I’ve not seen in other audio books, but this wasn’t a problem, just an observation. The author did an amazing job with this book and did it justice in the reading! Definitely worth a listen!
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5 people found this helpful
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- Anonymous User
- 03-12-21
take away: Western Democracy isn't for everyone
good book, though narrator's voice was terrible.
the book does well to point out the twin problems: a) democracy thrust upon countries where its (democratic) instruments and systems afford individuals an easy and safe way to loot and enable others to loot, and b) richer countries that keep the stolen money - no questions asked.
the writer is a journalist, so understandably, he is simply reporting what he has observed. however, it is intriguing - and a bit disturbing - that despite his best efforts, he doesn't seem to have an answer to the two problems.
should the west stop forcing democracy on countries where its just not suitable to practise it?
can democracy be fixed to fit all countries?
is the west ready to accept that democracy causes more harm than good in many countries - especially when brought about through revolution?
is it time to consider alternative systems of governance?
and finally...
is the looted wealth of these "failed" and "corrupt" nations, simply too great to stop the offshore magic?
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4 people found this helpful
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- Anonymous User
- 12-02-19
Mind Blowing!
I finished this in 2 days, captivating story, well researched and great oration - 5 stars!!
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1 person found this helpful
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- Anonymous User
- 11-20-19
The rich get richer and the poor have babies
I've heard that phrase many times in my life and then Oliver Bullough explains why that is so and brings it all into today's reality.
Well researched with brilliant insights, it all makes sense now
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1 person found this helpful
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- Ian
- 08-29-19
Fascinating and very disturbing
We all know that crooked money sloshes around the global system, but this book exposes the vast scale, well beyond what we could ever imagine. The shocking and hypocritical complicity of Governments and institutions in facilitating and profiting from it is galling. Great book but leaves you feeling powerless and ripped off by the system.
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- Anonymous User
- 07-06-22
A book that helps open your eyes
Excellent book. Pushing back against Moneyland is critical to democracy, else 21st feudalism will dominate.
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- Bill roberts
- 03-30-22
I thought i knew this area but had NO idea
A very thorough, alarming and strangely entertaining listen, the deliver style of the author & narrator makes a dry topic vey engaging
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- Jake Norris
- 08-29-21
Great story
Informative and easy to follow.
Great for dispelling silly ideas like billionaire exceptionalism, and reinforces a more systemic critique of inequality.
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- Amazon Customer
- 12-31-20
Great listen
This was better than my other favourite corruption book Panama papers as it covered a broader area with a story that is entertaining and flows. It’s true the corrupt rule the world and the vast majority of the rest of us are clueless. I’m now in the know and completely helpless to do anything about it.
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- Jas Web
- 10-04-20
good analyses of the main problem
Good. Obviously can't include every country but a good overview... Interesting listen, and highly recommended
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- Anonymous User
- 08-22-20
Eye-opening
Really enjoyed this book (easy to listen to and understand as well, no jargon) - fascinating to understand how money and laws are manipulated and moved, and how governments and banks have facilitated this over the years. A great history lesson as well as a warning for the future.
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- Anonymous User
- 08-05-20
excellent insight into a hidden world
know some of the basics but this really taught me a lot about what goes on in the hidden world of the rich
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