Summary
Raymond Baker’s Capitalism’s Achilles Heel was the first book to attempt an explanation of the whole of the offshore problem, especially how offshore is so detrimental to capitalism. His own disgust with offshore began in Nigeria, where he was horrified by how the offshore system – or infrastructure -- was used to spirit money out of Nigeria by foreigners and Nigerians alike, with the Nigerian oil boom subjecting the country to what is sometimes referred to as the “resource curse.”