• taanegl@beehaw.org
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    11 months ago

    Yeah, that’s pretty much it. Like the idea of shell and shelf companies is a capitalist concept, that and mother companies, daughter companies, etc.

    I particularly dislike shell and shelf companies, because they are almost always used to sidestep law and regulations, as well as being used for money laundering. It’s a system whereby you can easily move around money, back and forth, up and down, to the point where the money has been obsfucated in so many accounts that it requires a large team of exonomists AND all the accounts to figure out wrongdoing.

    Because of this you could make a ton of profit off human trafficking, put that money into a south African shelf company, launder it for like a max 30% and boom: legal tender.

    Capitalism causes tons of economic crime that can never be solved.