How the global financial system enables oligarchy

On Point with Meghna Chakrabarti

WBUR

Talk Show, News, Npr, Daily, On Point

4.3 • 3.9K Ratings

🗓️ 16 March 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sanctions are squeezing Russia’s economy, but not its wealthiest. We look at how the global financial system enables oligarchy, and how to fix it. Louise Shelley and Oliver Bullough join Meghna Chakrabarti.

Transcript

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0:00.0	Support for this podcast comes from Geico.
0:02.8	How would you love a chance to save some money on car insurance?
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0:12.1	It's easy.
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0:18.7	Funding for this podcast comes from MathWorks, creators of MATLAB and Simulink Software,
0:24.4	accelerating the pace of engineering and science.
0:27.3	Learn more at mathworks.com.
0:30.7	This is on point.
0:34.8	I'm Megna Chakrabardi.
0:36.7	Oliver Bullo is with us today.
0:38.7	He's in London and he's author of the new book Butler to the World, how Britain became
0:43.9	the servant of tycoons, tax dodgers, kleptocrats and criminals.
0:49.9	Oliver, welcome to on point.
0:52.8	Thanks very much for having me on the show.
0:55.0	I actually would love to start with a virtual walk down a London street where you are.
1:04.9	Take me down a street in Belgrade or Knightsbridge where Harry's department store is.
1:14.4	If we were walking down the street and we looked around at the very fancy apartment buildings
1:21.5	and flats there, how many of them would you be able to pull?
1:25.0	Point two that were owned by Russian oligarchs.
1:29.9	If I were to say walking you through Eaton Square or Belgrade Square, one of the really
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