Archive for August 17th, 2016

Quote note (#275)

From James C. Bennett’s indispensable book The Anglosphere Challenge: Why the English-Speaking Nations Will Lead the Way in the Twenty-First Century (2004), on the genealogy of the Neocameral State (though he doesn’t call it that):

The lowering of transaction costs for international financial activities in the 1960s started to allow major corporations and banks to take advantage of the lower tax and regulatory burdens of tax havens such as the Netherlands Antilles. Corporations became sophisticated consumers of “sovereign services,” in this case, venue of incorporation. In doing so, they built on a trend started by 1920s shipowners, who had increasingly sought Panamanian and Liberian registry for their ships.

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August 17, 2016admin 66 Comments »
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