"The Despot's Guide to Wealth Management"
Bribe, Swindle or Steal
Alexandra Addison-Wrage of TRACE International
4.9 • 582 Ratings
🗓️ 19 March 2018
⏱️ 25 minutes
🧾️ Download transcript
Summary
Prof. Jason Sharman at King's College, Cambridge, discusses his book about how kleptocrats operate and advocates for a controversial "bounty hunter" model for asset recovery.
Transcript
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| 0:00.0 | Welcome back to the podcast. I'm Alexander Rogi, and today we're talking about kleptocracy, |
| 0:11.3 | how the world's most efficient and prolific thieves steal, launder, hide, and then ultimately |
| 0:17.6 | manage to enjoy the money they loot from their countries. |
| 0:25.3 | Our guest is a professor of international relations at my old college, which is fun for me, |
| 0:30.2 | King's College, Cambridge. It will be obvious in a moment that he's Australian, but his academic career has extended across five countries. We'll discuss his most recent book, The Despot's Guide |
| 0:35.7 | to Wealth Management, on the International Campaign Against |
| 0:39.2 | Grand Corruption, Jason Sharman. Thanks so much for joining me. Thanks very much for having me. |
| 0:43.9 | The book has a great cover. There's a picture of Imelda Marcus Touring the Shoe Museum. |
| 0:50.0 | Marcus's shoes must be one of the great icons of kleptocracy. Indeed, it's probably one of the most powerful symbols of conspicuous consumption |
| 0:57.6 | when it comes to spending lucid wealth. |
| 1:00.9 | There's been plenty of kleptocracy since, but in some ways, it's still one of the most |
| 1:05.3 | powerful pictures. |
| 1:06.4 | Yeah, there was an anti-corruption event in London hosted by David Cameron, and he was overheard |
| 1:11.7 | the night before he was caught on a mic calling Nigeria fantastically corrupt. |
| 1:16.6 | The next day at the summit, President Buhari was asked about the comment, and he conceded |
| 1:20.9 | that Nigeria is probably fantastically corrupt, that that was a fair description. |
| 1:25.3 | And a reporter asked if he planned to demand an apology, |
| 1:28.5 | and he said, I'll quote him, what would I do with an apology? I need something tangible. |
| 1:33.5 | I am not going to demand any apology from anyone. What I'm demanding is a return of our assets. |
| 1:39.8 | You write in your book that, quote, for the first time in history, there is a public consensus |
| 1:43.9 | that for a state to host money stolen by an official of another state is more than a You write in your book that, quote, for the first time in history, there is a public consensus |
| 1:44.5 | that for a state to host money stolen by an official of another state is morally wrong. |
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